Nov. 3, 2022


2 min read

CBL distances itself from accusations against Matlanyane

CBL distances itself from accusations against Matlanyane

Former CBL Governor, Dr Retšelisitsoe Matlanyane

Story highlights

    The bank does not identify the MP implicated in the missing M6.1 billion
    Social media platforms accuse former CBL Governor of being involved in the unaccounted for funds

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THE Central Bank of Lesotho (CBL) has distanced itself from allegations linking its former Governor, Dr Retšelisitsoe Matlanyane with the M6.1 billion that is unaccounted for in the government’s coffers

While the bank could not necessarily identify the Member of Parliament implicated in the matter, Matlanyane’s reputation is, however, being tainted on social media platforms where she is fingered as the culprit responsible for the missing funds.

In a statement released this week, the CBL dismissed the allegations as false before reiterating its legal stand regarding the dissemination of information.

The allegations make reference to the CBL Governor, Dr Maluke Letete’s delivery on the report of the 97th sitting of the Monetary Policy Committee on September 27.  

In the report, the Governor urges the local business community to charge fair prices when providing services to the government so that the government could use some of its financial resources for developmental purposes.

Maluke further indicated the institution had nothing to do with the accusations levelled against his predecessor.

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“The public is informed that it has come to the attention of the CBL that false information is being circulated on some social media platforms that the Bank is the source of allegations that one Member of Parliament is implicated in the M6.1 billion that is allegedly unaccounted for as per the Auditor General’s 2022 Report,” the CBL said in the statement on Wednesday. 

The announcement comes a few months after the Acting Auditor General’s declaration of an unexpected shortfall of M6 157 billion from the government purse as of March 31, 2021.

Acting Auditor General, Monica Besetsa announced an unexpected shortfall of M6 157 billion from the government’s cash balance of M11 620 billion as of March 31, 2021, adding that it had increased by M2 744 billion from M3 413 billion as of March 2020.



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