'We'll weed out the monkeys guarding bananas'

Pelaelo
Pelaelo

Bank of Botswana (BoB) governor, Moses Pelaelo has issued what he calls a “clarion call” against money laundering in the country, saying public trust in the financial sector was being weakened by governance failures and corrupt office bearers.

In unusually frank remarks that come as the country reels from its recent placement on a European Union blacklist for money laundering, Pelaelo said part of the problem was that “bad apples” were moving from one place to the other within the financial sector, without check.

Several high profile scandals have rocked the local financial sector, involving hundreds of millions of Pula in pensioners and taxpayers assets. Some of the cases are presently in the highest courts and involve prominent people including asset managers, politicians and even a Judge.

Editor's Comment
Inspect the voters' roll!

The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...

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