- Chakona approved rentals of ZWL1000 instead of US$3500 per month
- The house sits on 12 000 square metres of land, double storey, swimming pool and gazebo
THE Zimbabwe Anti- Corruption Commission (Zacc) is investigating suspended NetOne chief executive Lazarus Muchenje and board member Paradzai Chakona on allegations of undervaluing the rentals of a company house in Borrowdale, the Zim Morning Post has heard.
According to documents seen by this publication, Chakona approved the payment of ZWL1000 instead of the recommended US$3 500 stated by the company without being mandated to do so by the board.
“NetOne recommended market related rates of US$2500 per month on unfurnished basis, and US$3500 per month furnished, thus causing substantial loss to the company.
“Chakona approved a nominal rental of ZWL1000 without consulting other board members,” revealed our inside source.
Zim Morning Post learnt that the house is a double storey brick under chromatek with four bedrooms.
The property is sitting on 12 000 square metres of land.
After occupying the Borrowdale house (Number 14 Fairfield Road), Muchenje proceeded to purchase furniture worth $600 000 without obtaining Purchase Orders in direct contravention of company procurement policy and procedures.
In February, this publication reported that Chakona and the whole NetOne board faced chop.
This followed an evaluation of individual board members conducted by Proserve Consultancy.
The evaluation process established that the board members were incompetent.
Following a series of audits which revealed massive financial misdeeds and a negative performance appraisal exercise on the board by the consultancy company, the entire board is skating on thin ice.
Evaluation documents in this publication’s possession show that the retired chairperson, James Mutizwa, was not well versed with how the board operated, including knowledge of the laws that govern it.