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MVUNGA STILL BOZ GOVERNOR AS RESIGNATION REPORT FAKE

By BUUMBA CHIMBULU

FALSE reports on resignation of the Bank of Zambia (BoZ) Governor have the potential to destabilise the financial sector and the economy as a whole, the Central Bank has warned.

The BoZ has therefore clarified that Mr Christopher Mvunga is still its Governor contrary to social media reports that he had resigned from his position.

In a statement from the communications division, the BoZ regretted that such a report had the potential to tarnish the image of the country both locally and internationally.

Such reports, it emphasised, misled the public and if left unchallenged, had the potential to destabilise the financial sector and the economy as a whole.

“The Bank of Zambia wishes to dispel reports currently circulating on some social media platforms suggesting that the Bank of Zambia Governor Mr Christopher Mvunga had resigned.

“Members of the public are implored to treat these reports as false and unfounded. Members of the public are therefore advised to use social media responsibly and desist from circulating false news,” the statement indicated.

The Central Bank was responding to allegations from an online media publication that Mr Mvunga had tendered his resignation to the Board of the BoZ two months ago, after persistent interference from State House over a monetary policy that they wanted flouted.

According to the publication, Mr Mvunga resisted the pressure from the unrelenting State House team, led by Special Assistant to the President for Economic Affairs, Hibeene Mwiinga

“Well-placed sources at the Bank of Zambia explained that Mr Mwiinga was instructing the Governor to release huge sums of money for which the intended purpose was unexplained and that Mr Mvunga refused when the demands became a daily exercise,” the publication indicated.

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