Maputo, Mozambique.
Mozambique. (News of The South) – Rena which is Mozambique’s main opposition party yesterday called for the resignation of the country’s President, Filipe Nyusi due to misappropriation of funds.
Between 2013 and 2014, Mozambican state-owned security companies borrowed about $2 billion from Switzerland’s Credit Suisse and Russia’s VTB Bank to buy military and fishing vessels from an Abu Dhabi based shipbuilding company, Prinivest, but government only disclosed the debt in 2016 a development that plunged the country into its worst financial crisis.
The loans were acquired at a time when Nyusi was defence minister and preparing to run in the Presidential elections in 2014.
The revelations were made earlier on this week in the United States by Lebanese businessman Jean Boustani who is currently standing trial for coordinating the money scandal.
The United States also alleges that at least $200 million of the loans was spent on bribes and kickbacks to politicians and top officials.
Jose Manteigas, spokesperson for Renamo called for the resignation of Nyusi, “we demand Mr. Filipe Jacinto Nyusi to resign immediately as President of the Republic of Mozambique.”
Spokesperson of the ruling party Frelimo, Caifadine Manasse castigated the allegations, “President Nyusi has nothing to do with the debt.” Nyusi is yet to respond to the allegations.
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