Breaking News

Gono warns on 'miracle money'

by Staff reporter
16 January 2013 | 7197 Views
RESERVE Bank governor Dr Gideon Gono yesterday warned the public against taking Spirit Embassy leader Uebert Angel Mudzanire's "so-called miracle money" and urged the "man of God" to stop his acts lest he lands the country in trouble with international law.

In an interview, Gono said although he had no intention of getting embroiled in controversies with the "prophet" regarding the "miracle money", he said Mudzanire should find alternative means to please his followers other than engage in activities that had the potential to invite international scrutiny.

"All my knowledge and experience to date in matters financial is also at variance with what the men of God are telling their followers and I can safely say that what they are telling people is very dangerous indeed and they must stop it forthwith. You cannot just wake up in the morning and say that my account has this much money which I cannot tell where it came from and hope that you can have access to it or escape interrogation by authorities. It's not possible," Gono said.

The central bank boss' remarks were in response to reports that Mudzanire had left several of his followers rich after they found their bank accounts credited with the "miracle money".

Others reportedly had cash mysteriously stashed into their pockets while attending his church services in Botswana last December and on New Year's Eve in Harare.

However, Finance minister Tendai Biti immediately issued a statement casting aspersions over the development and challenged Mudzanire to perform his exploits and raise the $10 billion required to offset the country's debts to prove his "miracle money" was indeed real.

Added Gono: "It is possible, however, that our men of God are not aware of all these serious earthly laws and could be at risk of breaking them unknowingly, but then, as the saying goes, ignorance of the law is no defence."

Gono said the "prophets" were not following the norms of sweat, hard work, honesty, opportunity and perseverance in accumulation of wealth.

"If money is 'faked' or counterfeited under whatever disguise, various international conventions and protocols to which all member countries, including Zimbabwe, are signatory to, require that we declare such miraculous money 'proceeds of money laundering' and continuing to encourage such practices is a very serious offence under the United Nations Convention on Suppression of Financing of Terrorism (1999),and the Convention Against Transnational Organised Crime, otherwise known as the Palermo Convention," he warned.

"In Zimbabwe, three main pieces of legislation govern legitimacy of money and its uses. These are the Bank Use Promotion and Suppression of Money-Laundering Act (Chapter 24:24), the Serious Offences (Confiscation of Profits) Act (Chapter 9:17) and the Suppression of Foreign and International Terrorism Act (Chapter 11:21)."




Gono warned citizens to be careful not to cause "or invite unnecessary attention and adverse scrutiny upon the country's financial systems for whatever reasons by sticking to acceptable, universally acknowledged earthly norms of earning money, enriching themselves and others they are privileged to lead".

"One suggestion maybe is to emulate the route taken by our Lord Jesus Christ when He fed multitudes of people from five loaves of bread and fish. It may not be such a bad idea to do that as food is a basic necessity for all that is visible and fills the tummies of congregants who can, if in need of more food, come back every day or on selected frequencies - a week/month - to the venue(s) of prayer, thereby keeping those who want, out of the misery of hunger and malnutrition. We are a country still under illegal sanctions and economic siege and, in any case, where were these miracle men and women of God during the period 1998 to 2008 (in the Zim Dollar era) when some of us were trying every trick in and outside the book to keep this country afloat," Gono said.

Gono Prophets

Source: newsday

Could there be war if Grace Mugabe becomes President?

Yes
75.77%
No
9.23%
Who cares?
15%
260

Comments

Latest Classifieds (Click Here For More)

News Updates

Email:

Latest News

Prof Gatsheni's rendition on Mthwakazi's colourful history - Agenda4Ac...

by Thembani Dube | 23 October 2014 | 333 Views

Crunch time for Mugabe

by Staff reporter | 23 October 2014 | 1825 Views

Highlanders slapped with $3000 fine

by Staff reporter | 23 October 2014 | 1088 Views

Tobacco farmers should opt for other crops

by Peacemaker Zano | 23 October 2014 | 1017 Views

Smear campaigns intensify ahead of MDC-T congress

by Staff reporter | 23 October 2014 | 1373 Views

Police assault, detain Newsday reporter - Police in Harare yesterday a...

by Staff reporter | 23 October 2014 | 1636 Views

'No death sentence on women' - Concourt yesterday admitted that death ...

by Staff reporter | 23 October 2014 | 844 Views

Bhobho to replace Madzongwe - Zanu-PF wants Women's League deputy secr...

by Staff reporter | 23 October 2014 | 1996 Views

Temba Mliswa in no man's land

by Staff reporter | 23 October 2014 | 1916 Views

Bribery scam rocks Zanu-PF - In a dramatic twist to the worsening Zanu...

by Staff reporter | 23 October 2014 | 1947 Views

Stop abusing Grace Mugabe, says war vets

by Staff reporter | 23 October 2014 | 2116 Views

Panic hits Mujuru camp

by Staff reporter | 23 October 2014 | 3163 Views

Plumtree - Mutare highway almost complete - Rehabilitation of the Plum...

by Staff reporter | 23 October 2014 | 976 Views

Econet upgrades its call centre

by Staff reporter | 23 October 2014 | 623 Views

Cash strapped Bulawayo Council leases property

by Staff reporter | 23 October 2014 | 876 Views

Security guard nabbed for raping woman in her sleep

by Staff reporter | 23 October 2014 | 1985 Views

VP aspirant Mphoko sucked in messy land fight - ZANU PF vice president...

by Staff Reporter | 23 October 2014 | 1538 Views

Coca-cola's Amai campaign? - WhatsApp update

by Concerned Citizen | 23 October 2014 | 2013 Views

'Callistus Ndlovu educated but empty,' says NK Ndlovu - ZANU PF Vice P...

by Staff Reporter | 23 October 2014 | 1789 Views

Byo magistrate chides couple over grade 7 drop out son

by Court reporter | 23 October 2014 | 1131 Views

Gweru Council workers down tools over unpaid salaries - GWERU City Cou...

by Staff reporter | 23 October 2014 | 673 Views

Knife-wielding woman stabs hubby's small house

by Court reporter | 23 October 2014 | 1641 Views

Drunken lodger assaults undressed fellow tenant

by Court reporter | 23 October 2014 | 1796 Views

Mobile operators ordered to reduce high tariffs

by Business reporter | 23 October 2014 | 1396 Views

Man assaulted for associating new Tuku song to First Lady - A Bulawayo...

by Bhebhe Mandla | 23 October 2014 | 2980 Views

Mujuru hits back at Grace Mugabe

by Staff Reporter | 23 October 2014 | 6158 Views

Obert Mpofu's newspaper struggles to pay salaries

by Staff Reporter | 23 October 2014 | 2013 Views

Grace Mugabe summons war veterans

by Staff reporter | 23 October 2014 | 1912 Views

'Grace Mugabe must stop attacking journalists in public'

by Staff reporter | 23 October 2014 | 1151 Views

Mugabe chickens out, defers politburo again

by Staff reporter | 23 October 2014 | 2888 Views

Entertainment

Carl Joshua Ncube to star in game show - Comedian Carl Joshua Ncube wi...

by Staff reporter | 23 October 2014 | 249 Views

LadyBee Anondida - Official video

by Staff Reporter | 23 October 2014 | 785 Views

Zim representative in the Big Brother Africa survives eviction - Zimba...

by Staff reporter | 20 October 2014 | 2476 Views

Grace Mugabe's political comedy takes ZTV hostage - For the past two w...

by Staff reporter | 20 October 2014 | 4781 Views

Oliver Mtukudzi to deliver lecture at Musica 2014 - Zimbabwe's interna...

by Staff reporter | 19 October 2014 | 1404 Views

Gezha maoko - Ladybee (Official Video)

by Staff Reporter | 19 October 2014 | 2425 Views

Matebeleland Music & Arts Festival - Sivala umnyaka ngengoma lapho sit...

by Staff Reporter | 17 October 2014 | 1683 Views

Obediah Matulana releases Christmas DVD - Bulawayo-based musician Obed...

by Staff reporter | 16 October 2014 | 1945 Views
iBlog

Obviously, Windows Xp Has Nothing More To Offer

With no support from the manufacturer, windows xp no longer receives antivirus updates, which provoked an increase in the number of attacks on xp users. according to avast company, windows xp systems are attacked 6 times more often than the devices r... Read More
Sergey 12 June 2014 ago

Positions To Make Female Orgasm Easier During Intercourse

some women are fortunate enough to be able to climax easily, and in almost any sexual position. the majority of women though, sometimes find it difficult to orgasm especially when they are with a partner. sometimes this difficulty is just a result ... Read More
adoniadennis 12 May 2014 ago