Wednesday, January 1, 2014

Draft Katiba bars leaders from opening bank accounts abroad


Some Constitutional Review Commissioners attentively listen to the chairman, Judge (rtd) Joseph Warioba, as he presents some points from the second draft constitution in Dar es Salaam on Monday. PHOTO|EMMANUEL HERMAN 
By Felix Lazaro ,The Citizen Reporter
In Summary
He called on the government to investigate the matter and have funds returned to Tanzania if the need arose.


Dar es Salaam. Public leaders will be disallowed from opening or owning bank accounts outside Tanzania if the second draft Constitution is passed.

Constitutional Review Commission chairman Joseph Warioba emphasised that public leaders would open bank accounts abroad if the law allows them to do so. The document was unveiled on Monday.
Mr Warioba also said the draft proposed that public leaders should not seek loans or receive loans or benefits that will degrade their status.

The first draft Constitution that was released in June 2013 had no such restrictions.
If the new draft Constitution is passed, Parliament will enact a law to hold accountable leaders who will not comply with it. Kigoma North MP Zitto Kabwe has repeatedly complained that some Tanzanian leaders had stashed away billions of shillings in Swish banks. Sources of such money were not immediately known.

He called on the government to investigate the matter and have funds returned to Tanzania if the need arose.

The Swiss Central Bank released a report of countries whose nationals had stashed away millions of dollars in the country considered a haven for such transactions.
Tanzania was among African countries in the list with deposits totalling $196 million (Sh313.6 billion).

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