RBZ bigwigs face arrest

Three Reserve Bank of Zimbabwe (RBZ) officials face arrest after a committee of Parliament yesterday threatened to prefer contempt charges against them.

This came after the RBZ deputy governor Kupukile Mlambo and two other officials Tsitsi Hungwe and William Manhimanzi failed to appear before the Tendai Biti-led Public Accounts Committee (PAC) to explain how the central bank issued US$2,7 billion through unallocated reserves as well as US$663,8 million Treasury Bills (TBs) in 2017 and 2018 to Sakunda Holdings for Command Agriculture.

Since Mangudya is away, the committee expected that his deputy Mlambo would come in his place to speak on the US$3,2 billion that was allocated through Treasury Bills (TBs) to finance Command Agriculture without Parliament approval.

The ambitious agricultural scheme was run by Sakunda Holdings, owned by Kudakwashe Tagwirei, President Emmerson Mnangagwa’s top ally and adviser.

“This started as a basic enquiry pertaining to the Auditor-General’s reports on the 2017/18 audit statement on Command Agriculture, but we now find that there are other unallocated reserves of US$847 million – and the enquiry is now a full enquiry,” Biti told journalists.

“We had summoned Mangudya to give oral evidence which is key in our enquiry – and in our last two sessions we had Mlambo and two other RBZ directors.

“Mlambo can be excused in the event that Mangudya is present, but regrettably, we have a letter from Mangudya saying he is in Washington DC, but there is no reason why Mlambo and other officers are not in attendance.”

Biti continued: “We find them in contempt of Parliament, and their conduct is unacceptable in terms of section 117 and 119 of the Constitution, and section 208 and 209 give MPs the mandate to do its oversight role to follow up on money from the Consolidated Revenue Fund.”

The committee said they will now summon Mlambo and RBZ directors to appear before Parliament on October 24 to speak on RBZ’s role in issuing out money for the Command Agriculture programme outside the Public Finance Management Act.

“If they default we will ask the Clerk of Parliament to issue a warrant of arrest. We want to express our disappointment, indignation and rejection of the conduct of the RBZ because the amounts that were spent outside Parliament approval are very huge and we have a duty to follow up on the money. There were huge amounts of money that were paid to individuals,” Biti said.

The committee also said they were very keen to further quiz officials from the Finance ministry named as Fidelis Ngorora, Churu, and the new accountant-general (if there is any given that former Accountant General Daniel Muchemwa resigned recently).

“On the same day, we are also going to receive oral evidence from key suppliers of Command Agriculture like FSG, Pedstock Investments and Croco Motors. On a separate day, we are going to summon Sakunda because we need a whole day to quiz them over the Command Agriculture issue,” Biti said.

About admin

Leave a Reply

%d bloggers like this: