Regulatory Alerts2002-01-01
Authorized Signatories for Settlements by Cheque, Draft and Other Financial Instruments
The Bank of Zambia issued Circular No. 08/2002 to update the roster of authorized signatories for executing settlements via cheques, drafts, and other financial instruments in local and foreign currencies. Effective immediately, the directive appoints Mr Eric Masumbu, Senior Accountant – Payroll, as an additional Category B signatory for these transactions. All previously authorized signatures remain valid, supplementing the existing framework established under the February 2001 directive.
# BANK OF ZAMBIA
## OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS
April 17, 2002
CB Circular No. 08/2002
To : All Commercial Banks
## AUTHORISED SIGNATURES FOR SETTLEMENTS BY CHEQUE, DRAFT AND OTHER FINANCIAL INSTRUMENTS (IN LOCAL AND FOREIGN CURRENCY)
Further to our circular letter dated 14 February 2001, Finance Department has included one additional authorised signatory for purposes of executing settlements by cheque, draft and other financial instruments (in local and foreign currency).
### Category B
| Name | Title | Will sign as below |
|------|-------|---------------------|
| Mr Eric Masumbu | SENIOR ACCOUNTANT – PAYROLL | [Signature] |
The above authorised signatory is effective immediately. All other signatures contained in the circular remain valid.
[Signature]
Dr Abraham Mwenda
Deputy Governor – Operations
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Bank Square, Cairo Road, PO Box 30080, Lusaka 10101, Zambia Tel: 260-1-226844, Fax: 260-1-237070, email: amwenda@boz.zm
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