FORMER BANK GOVERNOR MVUNGA ORDERED WITHDRAW OF CASH GIVEN TO FAITH MUSONDA
Investigations into the cash amounts found with Faith Musonda have so far revealed that the money was withdrawn straight from the Bank of Zambia (BoZ) and did not pass through any other banking system.
Bank of Zambia officials were ordered by former governor Christopher Mvunga before he resigned to withdraw the money from the vault, put it in special BoZ bags and take it to various safe houses in Lusaka, including Faith Musonda’s.
All bank notes have serial numbers and can be traced on which bank was given and possibly who withdrew it.
But is this case, the money was withdrawn straight from the Bank of Zambia and given to individuals to hide it.
According to investigations, based on the serial numbers that were withdrawn, what has so far been recovered from Faith Musonda is mere pocket change as more cash amounts are still in people’s homes.
A lot of money was printed by BoZ when Denny Kalyalya was fired by the then Republican President Edgar Chagwa Lungu and replaced with his play boy Mvunga. Yet there is shortage of currency in circulation which means the money is in people’s homes.
Developing news……….
(No one should be by passed or protected in this cash gate.
Miles B. Sampa, MP
APNAC Chairman)
If Miles HaaSampa is telling lies, he will get sued big time. These are huge allegations.
If it is true, why has Hakainde not arrested Mvunga? Is he also printing excess cash? This is one reason why the Kwacha is on its death bed.
There is no fight against corruption in Zambia
They are all corrupt.
Ba Pompwe aba.
Thieveso! Thieveso! Thieveso! People comeo! This explains why when some idiots are are arrested and known property seized, they walk majestically around Court premises, telling the powers that be, that you have just scratched one finger.
I have advised ba GRZ to change the law, do as your friend did in one country that has recovered 90% of looted and plundered wealth.
Arrest all the senior idiots in Lungu’s PF, lock them up indefinitely and only release each one who surrenders everything and gives information about other thieves. I can assure you, all the idiots will give up their loot for freedom. Not the way you are treating them like privileged thieves. STUPID IDIOTS.
Start with the same BOZ officials…infact start with Miles Sampa. Let him tell law enforcement who told him or how he knows this…Indigo is right but Sampa is generalising and he should be picked up by the Police and explain where he got this information from.
Otherwise face the law for spreading lies. Statements likely to cause…fimo fimo…
What we want to know if this statement is factual. If not let him be sue as well as be caged. Being a Politician is not a licence to start making wreckless statements.
If factual, this should have been found out at the time the money was picked up from Ms. Musonda.
Our law enforcement are being lax in the manner they are doing their work.
Am failing to get what the UPND stooge masquerading as PF President is saying…Was Danny Kalyalya fired for printing Money ?
Printing money legally is normal, also known as Quantitative easing …It is a normal Monetary policy employed by Central Banks, and the Purchase of government bonds is anchored on quantitative easing..Am sure government is monitoring the purchase of government bonds..That the GRZ bonds are always under subscribed punches a hole in Miles Sampa’s erratics.
About Christopher Mvunga, did he get this Printed Money from the BOZ vaults, actually
stealing money which wasn’t supposed to be in circulation and channelling it into private hands ? If this money wasn’t supposed to be in circulation after all, why should it cause a shortage of Kwacha if it is hidden on some ‘Peter Daka’ farm somewhere??
I hope this is not Matero Hashish Miles Sampa is smoking…
If this allegation is true, it raises the question whether Mvunga acted by himself or was given instructions from a higher authority. We all know who the higher authority in this context is.
Nothing remains hidden for long. Everything will get it’s required time for the light to shine on it.
These walls will tell the whole truth. Just quoting the scriptures. Guess nothing beats the gospel.
These are the questions this big head bafoon Emmanuel should be asking and answering on behalf of Pf not asking about debt restructuring that the able team is fighting for.
Now this is scary, really, really scary. I hope Miles Sampa knows what he’s talking about if he’s really the one behind this story. Is he? This is earth-shattering stuff. Did we reach such levels? I don’t know.
I have always insisted that the people who caused this economic malaise must be jailed. We saw videos of various cadres sleeping on mattresses of cash. Where do you think such cash came from? Commercial banks will not allow the withdrawal of such volumes of cash. The last time we witnessed such wanton behavior was when the late Remmy Mushota and Patrick Katyoka withdrew suitcases of money from BOZ in the early 1990s. Thieves belong to jail.
lol Sampa is commenting on PF instead of the Kwacha depreciation or higher prices of commodities. You know he is a fake PF president detached from reality.
Lungu is at the centre of this. HH cannot fight corruption because he is weak!!!!
All lungu’s stolen funds which when they saw they are losing he quickly told mvunga to withdraw and give it to various people such as girlfriends, colleagues, cadres, relatives etc to keep.
Miles was one of them and knows what was going on!
He has just confirmed our suspicions all this time.
Former Secretary to the Treasury was found with empty BOZ Cash containers at his home (Doing what?).
When people say Corruption under PF was Industrial scale corruption!
Kaloba money was being looted day and night, without any investment plan to generate income to repay the debt!
Wise citizens are not surprised about the rapid depreciation of the Kwacha! PF destroyed the Mines, our major Forex earner and left nothing in the Treasury!
When President HH said PF left NOTHING, people took it as a joke because they have not come to know the depth of PF corruption!
This explains the mess the Kwacha is in!
What is shocking is how unrepentant ECL and PF remain and how UPND have allowed them to get away with murder of the Kwacha!
Never leave an enemy behind!
I call upon the president to change the currency and put modalities on how much money can be changed by an individual, companies and so on.Money will resurface and the economy will improve.
Anyway,am not an economist