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Bank Of Zambia (BoZ) ‘Dirty Operations’ Exposed
Tumfweko has exclusively unearthed some ‘dirty operations’ taking place at the Bank of Zambia (BoZ).
The Central Bank has failed to inform the public in the radical changes as to which company prints Zambian genuine money.
Tumfweko understands that BoZ has now engaged a German company to print its money.
Take a good look at your Kwacha note. Is the name of the Company Dela Rue or something else? Look at the old note say a K20,000 and also the new K50, 000 look at the names that have made the note, Is it Dela Rue or what do you see there?
Tumfweko observed the brand new notes were in circulation massively between 15 August, 2011 and 20 September, 2011. The other observation is that the governor’s signature is the same on all notes which confirms that the previous government and governor did the engagement.
Tumfweko again observed that at one time during the campaign period, the banks were offering only K10,000 and K20,000 as highest denominations which BoZ insiders claimed that Rupiah Banda had taken the K50,000 for distributions in the campaigns.
“Its actually dangerous that the MMD government changed the quality of the Paper without informing the Public as it stands now, in Zambia it is dificult for people trading on the markets and elsewhere to identify which is legal tender. The features to look for which includes the Print company has changed but no one has been notified. We wonder if the Banks have been notified as well,” said the source.
“Usually the bank would notify the nation if there were to be any changes to the kwacha note. The difference in the printer is a change to many because it can be seen as a counterfeit note if the old one has a different printer to the current one. Why did they keep it a secret?,” Sources asked Tumfweko.
Tender procedure was not in public and has been questioned.
Posted by Editor
on October 11, 2011. Filed under LATEST NEWS.
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kabwe
October 11, 2011 at 11:42 am
But why rb? honestly he is not a zambian, bcoz a true zambian will never do that to his pipo, we belive in one zambia one nation. you are rats who ever is involved, bapompwe mwachilamo. No mercy you will be punished.
chuck
October 11, 2011 at 12:17 pm
Evrything as gat tym pipo mo is yet 2 b heard.
The final say
October 11, 2011 at 12:17 pm
Good insight ba Tunfweko – gives a good start for investigations. Nevertheless, before publishing, at least proof read the article using an expert on such issues. You had some errors – e.g. Governors signature will only change when u change governors. Then the G and D co. has been printing our notes even as far back as 2008 (check the 10,000s for 2008), so maybe they were just given more business for doing certain illegal deals. Infact to also highlight something which many may not know – any country that is growing (GDP growth) will definately have seignorage revenue from printing money. But in Zambia we have not seen this despite growing at over 5% for many years now. The entire economy has a total amount of cash in criculation. When soiled notes r brought to the cenral bank, they r replaced with new ones to maintain the amount in circulation. But when the economy grows, then somewhat proprtional to the growth rate should the cash in criculation grow – there are some serious extrapolations done to ascertain the actuals additional cash and its denominations to add to the amount in circulation. The addition is seignorage (INITIAL VALUE) and it should be given to govt. But we have never seen it reflect anywhere not even in the budget. Technocrats will brush it aside as negligible – but this is in billions and someone has been getting it…
nails
October 11, 2011 at 12:25 pm
Barotseland government named
Tumfweko any idea this apontment WESTERN
3. ADMINISTRATOR GENERAL-AFUMBA MOMBOTWA
DEPUTY ADMINISTRATOR-NAMUSHI NYAMBE
SPEAKER OF NATIONAL ASSEMBLY-YUSIKU MUKELABAI
CHIEF JUSTICE-LUBASI MUNDIA
DEPUTY SPEAKER
MINISTER OF FINANCE-MWANGELWA LEWANIKA
MINISTER OF JUSTICE/PUBLIC ORDER-MUKUBESA ILUKENA
MINISTER OF SOCIAL DEVELOPMENT-C. NALISHUWA
MINISTER OF FOREIGN AFFAIRS-M.LIUWA
MINISTER OF DEFENCE-CHAZELE MULWASIKWANDA
MINISTER OF COMMERCE-M.SIOMA
DEPUTY MINISTER OF FINANCE – TO BE NAMED
MINISTER OF DEFENCE-KALUMIANA NAWA
DEPUTY MINISTER OF JUSTICE –TO BE NAMED
DEPUTY MINISTER OF FOREIGN AFFAIRRS-MUTUMBA MULOPE
MINISTER OF LOCAL DEVELOPMENT-M.MOOTO
MINISTER OF AGRICULTURE-PELEKELO LIKANDO
MINISTER OF EDUCATION-C.SIYUMBWA
MINISTER OF INFORMATION-M.MUYANGANA
DEPUTY MINISTER OF COMMERCE-I.MUTANGELWA
DEPUTY MINISTER OF EDUCATION-R. S. NAMAKANDO
MINISTER OF TRANSPORT-G.M. MWALA
SECRETARY TO THE CABINET – NGULU WANGA.
MINER
October 11, 2011 at 12:33 pm
RB&SONS WERE UPTO TO NO GOOD.PEOPLE ARE REALLY SUFFERING BECOZ OF SELFISH MOTIVES BY RB,DORA,JIMBO,THANDIWE
MR PREZA CAGE THEM
maxildah katampi mulasikwanda
October 11, 2011 at 12:42 pm
Shichitewo shakwamba bakabwa aba mwebo. Banya chishi chabangameno teshibanotubonawo tulo mpaka bakangwe. Imbwa shakalyelye.
mwanya nshamyebe
October 11, 2011 at 12:46 pm
jeez, this is sad,mean,bad,mad. how could they do such a thing sure? they took us citizens for granted. they have to pay. its so unfair mwe!
uko
October 11, 2011 at 12:51 pm
ah nehi chinasweji dehi mwani, wukukanganya ni mazu! awa antu hi yantuku a MMD
perry
October 11, 2011 at 12:57 pm
tumfweko, my question is; have you informed or gotten any comment from law enforcing agents or what is boz saying, is it a normal thing? can DEC please comment on this..what is the implication? please someone to answer my questions
Hustler
October 11, 2011 at 1:05 pm
Oh My God!!! these reckless rats!!!! Can they be punished please. Am dying to see them punished.
Lucy Tembo
October 11, 2011 at 1:24 pm
How can our economy improve with such acts! God ENLIGHTEN our leaders minds,OPEN their eyes of the hearts. Indeed Banda didn’t mean good for our country! Only God will judge him for his acts! God we say thank you for removing Banda, otherwsise we were headed for doom!
Dangerman
October 11, 2011 at 1:34 pm
Despite all these revelations some people still believe and wrongly so that MMD should have continued in power. Zambians will never cease to amuse me.
mgggggggggggggggggg
October 11, 2011 at 1:54 pm
Just realised. Oh my God!
GODEE
October 11, 2011 at 2:01 pm
IS THIS TRUE?IF SO, IS IT WITH THE BLESSINGS OF THE MAIN ZAMBIAN GOVERNMENT? OR ARE WE GETTING INTO ANOTHER PHASE OF MISUNDERSTANDING THAT USUALLY HAVE HIGH POLITICAL OVER TONES WHICH ULTIMATELY CULMINATES TO LOSS OF LIFE LIKE IN THE PAST REGIME?
ka mukati
October 11, 2011 at 2:12 pm
lelo!lelo! apapene fyonse fi. it seems there so many cases to be revealed! watch out RB. THREE IN POWER! LESA ALA MONA. WHAT MO TWA BIKA TUBILI TWA MUKATI. UMMMMMMMM!
DK
October 11, 2011 at 2:20 pm
DORA CONFUSED RB SO MUCH THAT HE MESSED UP EVERYONE AND EVERYTHING IN OUR BEAUTIFUL COUNTRY
the clasic86
October 11, 2011 at 2:36 pm
as zambians we were taken as chickens by rb n group. they deserve 2 b probed
bing
October 11, 2011 at 2:46 pm
Ba mmd and hh matole sana I say hh because I know ka chikala benefit from all this nonsense……hope these idoit are just shot dead
Isidore Chilando
October 11, 2011 at 3:10 pm
That’s why MMD could not make it. Sorry boyz. Next time, if that will come anyway.
saint wazanga
October 11, 2011 at 3:16 pm
cant believe these guys can go that far please police what more evidence do you need to cage thieves?
Homecide
October 11, 2011 at 3:46 pm
Too hell with your illusions!
mature
October 11, 2011 at 3:46 pm
what a country!
KAMENGA D
October 11, 2011 at 3:49 pm
I cant understand how these people were operating.How can they do that sure?Please Mr president speed up the investigations of RB,FUNDANGA,DORA,SHIKAPWASHA,SITUMBEKO,JAMES BANDA,HENRY BANDA,KUNDA,the list is endless, so that justice can be done.
Bamwine
October 11, 2011 at 4:29 pm
Chabulanda sana.
Ndikalombwana kachende
October 11, 2011 at 4:48 pm
I agree with DON’T KUBAMBILA that RB is not normal. Pls can u take him 2 chainama hospital.atiwonesa maloza. Haaaaaaaa !!!
big
October 11, 2011 at 5:04 pm
Sorry for divertising the topic at hand. Are you aware that a number of Filling station in Kitwe has disregarded the Government directive to reduce the fuel at prices affirmed by the Government. To be precise Engine filling station is still selling the fuel at old prices. The fuel attendants even have the guts to ague that they were instructed by their bosses to continue selling at the old price until the current stock is finished. It is now about 5 days these guys have been bleaching the government order. the rest of the stations are selling petrol at K8,155 and some have even gone extra miles by selling at K 8,130 . someone in government or the local authority should pick this and investigate the matter.
Ble
October 11, 2011 at 5:41 pm
please help to know! where is RB manje? Imwe banthu.Kodi RB alikuti?
Naga aba amai Siliyaah Dora ! Alikuti Siliya? Please help me. I feel like preaching to them now!!!
Oh yes,am the Preach man.
Ble
October 11, 2011 at 5:42 pm
please help me to know! where is RB manje? Imwe banthu.Kodi RB alikuti?
Nanga aba amai Siliyaah Dora ! Alikuti Siliya? Please help me. I feel like preaching to them now!!!
Oh yes,am the Preach man.
mbachilee
October 11, 2011 at 10:49 pm
Didn’t know) was this bad. If this is true please let somthing be don’t. Why is Watchdog so against our president?
mwansa wa pabeti
October 11, 2011 at 11:29 pm
with all this going on at BOZ, am sure even soiled currency meant for destruction is never destroyed but is washed back into circulation!
sitengu
October 12, 2011 at 5:08 am
dec where are u pls cage fundanga and the useless rupiah bwezani kumuzi banda,he was the most useless president we ve ever.
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Patrick Chiwele
February 7, 2012 at 11:35 am
Ka Thandiwe nako kaba kukanwa kwati nipamatako.
Patrick Chiwele
February 7, 2012 at 11:40 am
Very useless nowanda he cried when handing over power to Chilufya. I salute you yowa President.