JUST IN: RBZ Governor John Mangudya told to RESIGN


The Zimbabwe Economic Freedom Fighters (EFF) is baying for the Reserve Bank of Zimbabwe Governor John Mangudya’s blood demanding that he must resign and vacate Number 80 Samora Machel Avenue, the central bank’s headquarters, as he has dismally failed to rescue the country from the liquidity crisis.

“The Zimbabwe Economic Freedom Fighters calls upon the Reserve Bank Governor Mangudya to resign with immediate effect as he promised at the inception of the bond note that he would resign if the bond failed,” EFF Commander in Chief Innocent Ndibali said.

The RBZ governor during the introduction of the bond notes in 2016 vowed to resign if the bond notes fail.

In a statement, EFF Commander in Chief Innocent Ndibali said Parliament has displayed gross incompetence by its inefficiency to hold to account the Ministry of Finance and the Reserve Bank.

“The one thing that became obvious after the financial misstatements by the Finance boss and his Central Bank counterpart is that, government’s insincerity in dealing with real time issues affecting Zimbabwe’s transacting public knows no bounds.

“Grievous concern is the unnecessary domestic expenditure by the Government of Zimbabwe while the masses continue to suffer the ‘crunch’ from a cocktail of measures meant to resuscitate the economy.

“The government borrowed way above the budget and whether this was to polish up the image of the not so new dispensation or to buy an election-running commission or appease Gucci Grace (Mugabe) upon the passing of her mother, the bottom line is that accountability and financial discipline is key to revamping our economy,” he said.

Ndibali added that the new dispensation over borrowed and it is a clear sign that no ZANU PF dispensation new or old can proffer workable solutions to the country’s financial woes.

“If the government wants Zimbabweans to take them seriously then they should first consider facilitating the resignation of Governor Mangudya now. The country suffered under the monstrous rule of former president Robert Mugabe who segregated our people and only rewarded those who worshipped him positions,” explained Ndibali.

— 263Chat

Breaking News via Email

Enter your email address to subscribe to our website and receive notifications of Breaking News by email.