By Staff Reporter | Zimbabwe People First President, Joyce Mujuru will on Wednesday storm the Constitutional Court, to challenge her former boss President Robert Mugabe’s decree introducing bond notes.
Mujuru will attend the case in which she is challenging the legality of bond notes.
Mujuru, recently revived her bond notes case after government had enacted a law authorising their use.
Last September, the apex court threw out Dr Mujuru’s request to nullify the executive decree saying the challenge was premature and speculative because the disputed currency was not yet in circulation.
Two months later, in November, Dr Mujuru went back to the Constitutional Court to contest the legality of a Presidential decree providing a legal framework for the introduction of bond notes as legal tender in a fresh case.
She listed President Mugabe, Parliament, Finance and Economic Development Minister Patrick Chinamasa, Reserve Bank of Zimbabwe Governor Dr John Mangudya and Attorney-General Advocate Prince Machaya as respondents.
She wants an order declaring that President Mugabe, by exercising Parliament’s primary law-making power through Statutory Instrument 133 of 2016, failed to fulfil his constitutional obligations to obey certain provisions of the Constitution.
She also wants the regulations to be nullified for want of fulfilling the constitutional obligations. It is her contention that President Mugabe has no constitutional authority to make statutory instruments and/or amend Acts of Parliament.
The bond notes, which are backed by a $200 million African Export Import Bank (Afreximbank) loan facility, are at par with the US dollar.
Bond notes were introduced in $2 and $5 denominations would follow in March before the gradual rolling out of the $10 and $20 notes. The first phase of the bond notes introduction saw $75 million being released by end of last month.
THE THREE CABAL MEMBERS LOOK WELL FED IN THE PHOTO!
There are many clear cut cases such as the blatant use of threats to get people to vote for Zanu PF that are worth fighting than this bond notes issue.
The regime is already at sixes and sevens on the bond notes because it is just a matter of time before the bond notes start losing its value compared to the US$! So why fight the regime over a matter the regime is already fighting a losing battle!
Mujuru is corrupt and incompetent, there is no denying this now!