Zimbabwe’s new president dissolves Robert Mugabe’s Cabinet
….. Gives three-month moratorium for forex externalization
Zimbabwe’s President Emmerson Mnangagwa dissolved the cabinet of Robert Muhgabe, the country’s immediate past president who was forced by the army to resign after 37 year in power.
Agency report said that the Mnangagwa, reputed as crocodile, for his ruggedness, has committed to realizing the country’s potentials and recovering looted funds, by granting a three-month moratorium within which individuals and corporates that externalized money and assets are expected to bring them back.
The amnesty will stretch from December 1 to February 28. During the period, Government will neither ask questions nor prefer charges against those that will be repatriating back the assets.
However, non-compliant individuals and companies will be arrested and prosecuted in terms of the country’s laws.
According to President Mnangagwa, activities linked to Operation Restore Legacy had helped uncover cases where huge sums of money and other assets were illegally externalised by both individuals and corporates.
Bonny Amadi with agency reports
