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RBZ repossess vehicles
Harare, Zimbabwe, August 22, 2010 – The cash-strapped Reserve Bank of Zimbabwe (RBZ) has started has started repossessing some of the top range vehicles the central bank donated to parastatals and several government departments in the run-up to the 2008 March 29 and the ill-fated June 27 Presidential run off.
Sources at the Central Bank said the Ministry of Media, Information and Publicity and parastatals falling under it has become the first target of the RBZ in its efforts to reclaim the donated vehicles in order to replenish its dwindling resources.
He said an Isuzu KB vehicle which was being used by the ZBC Masvingo Bureau has already been recalled and over 20 other vehicles donated to the state broadcaster are earmarked for repossession.
Last year, the RBZ demanded that ZBC surrenders the vehicles the bank donated, but the corporation refused arguing that the vehicles were bought using public funds.
“We have been told that one very senior official in the ministry has diverted up to 10 vehicles which are now allegedly being used by his girlfriends and at his farm,” said the official.
“ When the scandal was discovered, this official was given an option to buy the vehicles at commercial rates, but he has failed to pay for them. Under normal circumstances this person should have been arrested for fraud and theft but the issue was swept under the carpet.”
Another senior Ministry of Media, Information and Publicity official, Clyde November alleged to be on the run after he was implicated in a scam where top-of-the-range cars donated by the RBZ were sold using fake registration papers.
The scam by November who was the director of Finance, human resources
and transport, exposes how corrupt officials benefited from vehicles that were purchased by the RBZ and distributed to various government departments.
At ZBC it is alleged that some of the donated vehicles were diverted by senior managers who fraudulently registered them in their names. A number of senior state journalists have also benefited from the RBZ vehicles as a reward for propping Zanu (Pf) .
Some of the state journalists who have been given top of the range RBZ vehicles are ZBC’s Reuben Barwe, Judith Makwanya and Tazzen Mandizvidza. From the Zimpapers stable, Ceazer Zvayi, Munyaradzi Huni and Victoria Ruzvidzo have also been rewarded with similar top of the range RBZ vehicles. It is not yet clear whether these vehicles will also be recalled.
RBZ spokesperson Kumbirai Nhongo could not be reached for comment.
The RBZ was for several years involved in non-core activities such as procurement and distribution of vehicles, tractors, inputs, groceries as well as farming, housing and diesel production projects which the bank sponsored through the printing of Zimdollars.
The bank also last year gave motor vehicles to parliamentarians but the legislators are now refusing to return them.
The bank’s non-core activities were blamed for fueling inflation which rose to over 230
million percent at the height of the economic crisis in 2008.
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