Tuesday morning, in a televised speech, Thabane said it was time to retire “from the big theater of action, to take the holidays from the public office.”
The official resignation comes after the 80-year-old Thabane has repeatedly said that he would withdraw.
Both the Prime Minister and his wife have not spoken publicly about the allegations, but for months the small mountain kingdom has been ruined by the scandal.
“When I made a voluntary announcement in January of this year to withdraw from office or before July 31st, I did it with all sincerity because of my full belief and belief that for everything, there is a season; a time to be born and time to die, time to plant and time to harvest what is planted, “he said, quoting the scriptures.
He will be replaced by his finance minister Moeketsi Majoro which will be inaugurated on Wednesday.