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Alba Iulia
Friday, September 24, 2021

Money recovered in Lusaka in safe hands-BOZ

Economy Money recovered in Lusaka in safe hands-BOZ

The Bank of Zambia has dispelled allegations in some sections of the media that Central Bank officials were ordered to withdraw huge amounts of cash from the Bank to distribute to third parties.

In a statement released to the media yesterday, Bank of Zambia, Assistant Director Communications, Besnat Mwanza says the Central Bank has noted with concern the allegations.

“The Bank of Zambia does not hold accounts for individuals but interacts with the public in terms of the issuance of currency through commercial banks. The public only has access to currency through various channels offered by financial service providers such as Automated Teller Machines, over – the – counter and their agents. Members of the public cannot access cash directly from the Bank,” she said

Ms. Mwanza said false reports suggesting otherwise have the potential to tarnish the image of the central bank and destabilize the financial sector and the economy.

And Mr Mwanza clarified that the money recovered in Lusaka recently, was found packed in travelling bags and had to be transferred to the Bank of Zambia for safe keeping.

She explained that this, therefore, necessitated the use of lockable and sealable trunks to safely transport the money from the point of seizure to the Bank.

“Members of the public are urged to desist from circulating false news. The matter under investigation on the seized cash is being handled by the Zambia Police Service to whom we refer any further queries,” she said.

4 COMMENTS

  1. Thanks for the statement. What all of us must understand is that we’ll not build Zambia by casting aspersions on institutions such as BoZ, let this come to an end. However, what’s unsettling is the apparent dispute between these same institutions and the example are the statements that have come from ACC and BoZ that seem to pity one against the other. Whatever Chishimba Kambwili wanted to do shouldn’t be left like that because he was friends with the immediate past Governor. The onus is on the acting Governor to take it up. There are other people that CK called that include Mukuli and the PS. This is what threatens to bring the credibility of BoZ into disrepute. Let provisions of the BoZ Act be enforced without further delay. We expect you to act professionally

  2. Is this the Zambia people wanted on daily basis blowing hot air that yield nothing , this is so strange we are not seeing anything positive but only confusion hanging above the Zambian skies.
    But time is flying with nothing on the ground except insulting people of descenting views Zambia is roting.

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  3. Umm madam, how come that Kwacha was in bags that have BOZ colors? Also, that money did not pass through circulation. Where is ZRA in this? That money is not taxed too. Can they prove tax has been paid? If ZRA up their game, this reduces wiggle room for Faith as she cannot say the money is earned. It has to be a gift, but a gift from who?

  4. ZAMBIA WILL ALWAYS ROT WITH THE UNEDUCATED MENTALITY OF SOME WHO ARE STILL LIVING IN THE DARK AGES
    THE MESS THIS COUNTRY HAS BEEN PUT IN CANNOT BE SOLVED IN MONTHS AS SOME EXPECT IT WILL TAKE YEARS
    AND ALL YOU PREACHERS AND GOD FEARING BLOGGERS WHERE IS YOUR GOD NOW ???

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