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Zimbabwe Bans Mobile Money Cash Transactions

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Zimbabwe

Zimbabwe’s central bank has banned mobile money agencies from facilitating cash withdrawals or deposits.

The southern African nation is struggling to deal with a worsening economic crisis and cash shortages.

Only very few banks are able to provide depositors with physical cash.

Zimbabweans have now resorted to mobile money agencies who are reportedly selling cash at a premium illegally.

In a statement, the central bank said: “Some economic agents are engaging in illegal activities, abusing the cash-in, cash-out and cash-back facilities thereby compromising the public interest objectives of national payment systems in the economy.”

It added that “Notable activities include the buying and selling of cash through mobile money agents at high rates above the approved charges for cash-in and cash-out with some economic agents not banking cash sales under the disguise of cash-back services.
“The charging of commissions outside the approved framework adversely affects the smooth operation of payment systems and have the negative effect of distorting pricing of goods and services.”

The bank has now directed all mobile payment system providers and merchants to discontinue cash-in and cash-out with immediate effect.

“Banks, mobile payment system providers, and other economic agents are reminded of the need to ensure that the entire ecosystem operates within the confines of the law and enforce compliance,” the bank’s statement said.

Zimbabwe’s economy is virtually now on its knees begging for a rescue.

The country in 2008 abandoned its own currency after inflation peaked at 500 billion percent that year.

Zimbabwe introduced new measures last year and this year and announced the return to its own currency called the Zimbabwe dollar.

The government banned the use of foreign currencies for local transactions hoping to rebuild the economy.

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Finally! Manchester United Officially Confirm Odion Ighalo’s Loan Deal Has Been Extended Until January 2021

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Manchester United have officially confirmed that Odion Ighalo’s loan deal has been extended until January 31, 2021 after they reached an agreement with his parent club, Shanghai Shenhua.

In a statement, the club said: ‘Manchester United have reached agreement with Shanghai Greenland Shenhua to extend the loan deal for Odion Ighalo.

The Nigerian striker’s stay was initially due to end on 31 May but he will now remain with the Reds until 31 January 2021, enabling him to build on an impressive start to life with the club he supported as a boy.

Ighalo’s tally of four goals in eight appearances so far includes at least one strike in each of his three starts – against Club Brugge, Derby County (2) and LASK.

Today’s confirmation is a timely boost for United boss Ole Gunnar Solskjaer, as he continues to prepare his squad for this month’s resumption of competitive football.’

Ole Gunnar Solskjaer also thanked Shanghai Shenhua for allowing the 30-year-old to remain in Manchester longer than previously agreed.

“They [Shanghai Greenland Shenhua] have been great towards us, allowing him to play for his dream club,” Solskjaer said.

“It’s been a dream for him and hopefully he can finish what he started and win a trophy with us.”

Odion Ighalo, who signed for Manchester United on a short-term loan deal from Shanghai Shenhua back in January transfer window, has scored four times in eight appearances in all competitions before the suspension of the Premier League.

Congrats Ighalo…

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11 Men Arrested For Raping A 12-Year-Old

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The Police Command in Jigawa State has arrested and placed in its custody 11 men who allegedly raped a 12-year-old girl.

According to the source, the men were arrested last Saturday 30th May 2020 after the police received a complaint of one of the suspects who is 57-years-old being seen trying to lure the girl.

After his arrest, the girl listed the names of all men in the community that have had sex with her at different times and occasions.

Abdu Jinjiri who is the state police spokesperson said: “A CASE OF RAPE IS BEING INVESTIGATED AT THE CRIMINAL INVESTIGATION DEPARTMENT (CID) IN DUTSE, SEQUEL TO A REPORT RECEIVED BY THE POLICE THAT A 57-YEAR-OLD MAN OF MA’AI VILLAGE, DUTSE LGA WAS SEEN AT LIMAWA MARKET TRYING TO LURE A 12-YEAR-OLD GIRL OF THE SAME ADDRESS, TO A SECLUSION SO AS TO HAVE SEXUAL INTERCOURSE WITH HER.

“AND TO THIS END, THE POLICE ARRESTED THE LISTED SUSPECTS.”

He concluded that the 11 suspects would soon be arraigned and processed to court.

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Duncan Williams Son Calls For Hook Up From Slay Queens

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The son of renowned Ghanaian preacher Archbishop Nicholas Duncan Williams, known as Daniel who is considered to be the ‘black sheep’ of the family has called on slay queens who are interested in hookups.

According to the wayward son of the preacher, he is flying down to Ghana next week and is ready to make some ladies spend his fresh dollars.

He posted: “Hello all my beautiful Ghanaian queens and Goddesses.. papi the obroni 1 is coming home to gh next week so if you would like to spend my fresh dollars my dear pls dm me now cause availability is going swiftly.. god bless you my breasted angels ????”

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