Published by the government of Zimbabwe
12 September 2008
Harare — The Reserve Bank of Zimbabwe announced on Wednesday that it is reviving the whistle blowers fund in a bid to encourage more people to report cases of corruption and malpractice.
Governor Dr Gideon Gono said in a statement the fund would benefit people who come forward with credible information on corruption.
"In order to deepen the current fight against corruption and indiscipline in the economy the RBZ is reviving the whistle blowers fund, which would benefit those who come forward with credible information," he said. Dr Gono said special payments would also be made to the police force that excel in flashing out corruption and other malpractices in the economy.
He said the proper structure and reward modalities would be announced in due course once on-going consultations were completed.
To complement the on-going fight against corruption, the central bank would soon avail information and suggestion boxes nationwide where members of the public could provide tips on any illegal dealings, Dr Gono said: "Stakeholders should provide as much detailed information as possible on how best to improve our national policy programmes."
He said this was in light of high cases of malpractices being committed by unscrupulous economic players in the market, particularly the banks where tellers and treasury department staff as well as security guards manning queues have become the major foreign currency dealer agents.
Banking staff were also heavily involved in manipulating Real Time Gross Settlements traffic flows, transfers, teller cash, interconnected or fake deposits among other malpractices to the detriment and inconvenience of the transacting public.
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