Tanzanian governor "will not resign"

The governor of the Bank of Tanzania, Daudi Ballali, called a special press conference at the end of last week in which he denounced mounting allegations against him as "malicious lies and fabrications" and said he had no intention of resigning.

The governor has been under the spotlight over a number of scandals including the alleged disappearance of up to $200m.

Local media reports say the governor was quizzed by journalists over questionable expenditures in relation to the central bank's

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