Categories: Zim Latest

Sakunda, ED relative’s bank accounts remain closed: RBZ

The Reserve Bank of Zimbabwe(RBZ) has issued a statement following social media reports suggesting that bank accounts belonging to forex cartels that include President Mnangagwa’s relative and his Sakunda business allies have been unfrozen.

Financial Intelligence Unit



1. We make reference to a letter from the Financial Intelligence Unit, dated the 19th of September, 2019, directing banks to freeze bank accounts of a number of named business entities, which became the subject of widespread interest and reportage in both formal and social media.

2. We have become aware of subsequent false social media reports suggesting that a directive has since been issued unfreezing some or all the said accounts.

3. We advise that the accounts of the entities named in the directive remain frozen, pending finalization of our analyses.

4. We will communicate to relevant stakeholders through appropriate channels when the process has been concluded.


Recent Posts

1 person killed, another injured in fatal RTA

File image The Zimbabwe Republic Police (ZRP) has confirmed a fatal road traffic accident which… Read More

23rd February 2024

RBZ Gold Coin and Gold-backed Digital Token Prices – 23 February 2024

The Reserve Bank of Zimbabwe -RBZ- has released the latest prices for the gold coins… Read More

23rd February 2024

The Rise of Peptide Use in Improving Endurance and Strength in Sports

In the world of sports performance enhancement, athletes are constantly seeking new methods to gain… Read More

23rd February 2024

Zim beauty queen in top 5 for Miss World Head to Head Challenge

Zimbabwean beauty queen, Nokutenda Marumba is in the top five at the Miss World Head… Read More

23rd February 2024

Chaplain Phiri Overwhelmed as Sir Wicknell Gifts Car and $10,000, Recalls Emotional Journey

Chaplain Phiri was overcome with emotion as she expressed her gratitude to Sir Wicknell for… Read More

23rd February 2024

Make the rain come or I will fire you- President Mnangagwa tells chiefs

President Emmerson Dambudzo Mnangagwa has expressed concern on the looming drought, tells chiefs to play… Read More

23rd February 2024