Mangudya Literally “Telephones Himself”, Panonetsa Caught In Embarrassing Conflict Of Interest

Reserve Bank Governor John Panonetsa Mangudya has been exposed for literally “telephoning himself,” on Afreximbank loans issued to the RBZ.

mangudya

For a while Mangudya has played down public angers by many times announcing that his office has been handed massive cash advances from Afreximbank.

But it has emerged the man has been constantly “phoning himself.” A snapshot of the Afreximbank website exposes him as one of the banks directors as from September this year. This indicates that the many celebrated Afreximbank announcements issued in support of Zimbabwe were likely “just plastic.”

Newsreaders yesterday complained saying that Mangudya must give a detailed explanation of his being involved in the conflict of interest. This is so because the RBZ governor has not cared to disclose his directorship as is required in his contract of employment.

ZiMetro was at the time of writing still awaiting the RBZ boss’ response to the expose’.

The list of directors in the bank are as follows:

(As at September 2018)

President & Chairman

Prof. Benedict Okey Oramah

Members of the Board of Directors

Class A

1. Dr. Mahmoud Isa-Dutse (Nigerian)

Permanent Secretary (Finance), Federal Ministry of Finance of Nigeria

2. Dr. Louis Austin Kirangwa Kasekende (Uganda)

Deputy-Governor, Bank of Uganda

3. Mr. Stefan Luis-François Nalletamby (Mauritian)

Actg., Vice President, Vice President p.i.,

OIVP Complex/Director, Financial Sector Development Dept., African Development Bank

4. Mr. Gamal Mohamed Abdel-Aziz Negm (Egyptian)

Deputy-Governor, Central Bank of Egypt

Class B

1. Mr. Kee Chong LI WONG WING (Mauritian)

Group Chairman, SBM Group

2. Dr. John Panonetsa Mangudya (Zimbabwean)

Governor, Reserve Bank of Zimbabwe

3. Mr. Jean-Marie Benoît Mani (Cameroonian)

National Director for Cameroon

Central Bank of Central African States (BEAC)

4. Mr. Victor-Jérôme Nembelessini Silué (Ivorian)

President Directeur General, Nembel Invest S.A.

Class C

1. Mr. Anil Dua (Indian)

Former CEO, West Africa, Standard Chartered Bank

2. Ms. Xu Yan (Chinese)

General Manager, International Business Department, Export-Import Bank of China

Independent Directors

1. Mr. Andrew Gamble (United Kingdom)

Independent Non-Executive Director

2. Mr. Ronald Sibongiseni Ntuli (South African)

Chief Executive Officer, Thelo Rolling Stock Leasing (Pty) Ltd

Alternate Directors

CLASS “A”

Aliyu Ahmed, Director, International Economic Relation Department, Federal Republic of Nigeria
Tarek El Kholy, Sub-Governor, Risk Management and Banking Supervision, on-site, Central Bank of Egypt
Leila Mokadem, Resident Representative, Egypt Field Office, African Development Bank
Eric Rwigamba, Director General of Financial Sector Development, Ministry of Finance & Economic Planning, Kigali – Rwanda

CLASS “B”

Nianga Komata GOUMOU, Deputy Governor Central Bank of Guinea
Denny Kalyalya, Governor, Bank of Zambia
Calixte NAGANONGO, Minister of Finance, Budget and Public Portfolio, Republic of Congo

CLASS “C”

1.

INDEPENDENT:

Monhla Hlahla, South African Entrepreneur & Director in a number of Companies

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