Zacc works under Mugabe: Mnangagwa

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Vice-President Emmerson Mnangagwa

VICE-PRESIDENT Emmerson Mnangagwa has said the Zimbabwe Anti-Corruption Commission (Zacc) worked directly under President Robert Mugabe’s Office.

BY BLESSED MHLANGA

Addressing the Fourth Excellence in Corporate Governance awards presentation dinner in the capital on Thursday, Mnangagwa said government was motivated to clamp down on corruption and had thus given Zacc more teeth.

“Government has passed relevant anti-corruption laws and established an Anti-Corruption Commission, which has been given more teeth and gravitas by operating directly from the Office of the President and Cabinet,” he said.

Mnangagwa was recently accused by Higher Education minister Jonathan Moyo of influencing Zacc investigations in alleged Zanu PF succession politics in the fractured governing party.

The Vice-President, who has always spoken against corruption, warned the private sector against aiding graft, saying their actions were largely to blame for the economic collapse.

“I want to argue that the private sector inadvertently supports corruption in the public sector. In nearly all reported cases of public sector corruption, the private sector players have been exposed as viable conduits to siphon off public funds,” he said.

Mnangagwa also blamed the banking sector for the collapse of the Zimbabwe dollar in 2008, saying greedy bankers were at the centre of the rot.

He said poor corporate governance practices resulted from inadequate oversight and regulation.

“This allowed bank directors and managers to siphon depositors’ monies and corruptly lent it to each others, leaving banks to collapse, a situation that partly contributed to the failure of our own currency,” the VP said.

“The experiences that Zimbabweans went through during the Zimbabwe dollar era, starting as early as about 2005 and climaxing to 2008, have a lot to do with lack of confidence in our banking system today.”

6 COMMENTS

    • I agree with you Eded. This Emerson means business. As much as they say he is a hard sale in ZPF he wants to prove them wrong from the economic from.

  1. Very sad for Newsday Journalism. You cant even see that this is an independent body. I expected you to comment on the constitutionality of an independent body working under the President’s office. No wonder why the country is in such a mess. Lack of capacity and knowledge at all levels, even Journalists nxaa

  2. “He said poor corporate governance practices resulted from inadequate oversight and regulation.”

    This coming from a VP (overseer) and Minister of Justice (regulator)1 It’s almost like saying “I am a dunce; I have failed”

    While ZACC is said to have been given more teeth, I think it is yet to be given a gullet to swallow and a stomach to digest. This bite-and-leave approach will not get us anywhere with corruption.

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