- COVID-19 mothers can still breastfeed as benefits outweighed the potential risks of transmitting the virus to children-(WHO)
- TANZANIA GOVERNMENT OFFICIALLY BANS ALL SOCIAL MEDIA OUTLETS broadcasting foreign content without government permission.
- A LIBERATION WAR VET GROUP who feel they are entitled to all and no one else is, ..its chaos,..welcome to Zimbabwe!
- 150 YEARS AGO DURING THE COLONISATION ERA, the farm masters would leave their spare pairs of specs on a rock and tell the natives, 'Im sailing back to England for 6 months but my eyes sitting on that rock in the field will be watching you 24/7.
- UNITED NATIONS SAYS IT IS FOLLOWING THE ZIMBABWE CRISIS WITH CONCERN, urging Harare to respect human rights amid pressure for the matter to be tabled at the global meeting.
‘ZIMBABWE ANTI-CORRUPTION (Zacc) chair Loice Matanda-Moyo’s husband Foreign Affairs Minister Sibusiso Busi Moyo is implicated in NSSA looting’
A company linked to Zimbabwe’s military establishment was involved in the looting of funds belonging to the National Social Security Authority (Nssa) the forensic audit report by BDO Zimbabwe Chartered Accountants on behalf of the Auditor General Mildred Chiri has revealed.
The revelations puts Zimbabwe Anti-Corruption Commission (Zacc) chairperson Justice Loice Matanda-Moyo in an unenviable position given her husband and Foreign Affairs Minister Sibusiso Moyo is a director in the company called Fernhaven Investments.
NEW Zimbabwe Anti-Corruption Commission (Zacc) chair Justice Loice Matanda-Moyo faces her first big test over allegations of wrongdoing involving her husband, Foreign Affairs minister Sibusiso Moyo Fernhaven Investments.
Moyo is a retired army major-general, and famed for announcing the military coup that toppled former President Robert Mugabe in November 2017.
Now Zacc, which has already arrested former Environment, Tourism and Hospitality minister Prisca Mupfumira over allegations in the auditor-general’s report, faces the prospect of investigating the husband of its head.
When Matanda-Moyo was appointed to lead Zacc in July, she said she would not interfere with any investigation to do with her husband.
Questioned by the Sunday Times on Thursday over the allegations against Fernhaven in the forensic report, she said: “As I said before, I can’t be involved in such cases in any way.”
Moyo is a key power broker in President Emmerson Mnangagwa’s regime and announced the military action that led to former President Robert Mugabe stepping down from power in November 2017.
Chiri’s report says Africom, a telecommunications company in which the army owns 51% through Fernhaven, borrowed US$15 million from AfrimexBank, but failed to service the loan.
Nssa, as a minority (4,5%) shareholder in Africom, became the sole guarantor of the loan in December 2013 despite misgivings from its board.
Fernhaven indemnified Nssa by providing security for the loan in the form of Longcheng Plaza shopping mall in Harare, which was built by Chinese firm Anhui Foreign Construction Corporation for an estimated US$200m.
Africom persistently defaulted on the loan and in 2015, Afrimex demanded money from Nssa, which made payments to the bank.
According to Chiri’s report, however, Nssa should have demanded the money from Fernhaven, since the company had provided its property as surety.
“As per indemnity agreement, Nssa should have foreclosed on the Fernhaven-pledged Longcheng property in order to raise the money to settle the debt,” the report said.
Allegations in Chiri’s report, based on a three-year investigation by BDO Zimbabwe Chartered Accountants, have already led to the arrest of Mupfumira in relation to the plunder of Nssa during her tenure as Public Service, Labour and Social Welfare minister between 2014 and 2017. She will appear in court next week on fraud charges involving US$95m.
Former Nssa chairman Robin Vela, who is also implicated in fraud, has asked the High Court to set aside the Auditor-General’s report, saying it is biased. Source – Sunday Times