ZINARA scandal: former board chair appears in court for abuse of office

Former ZINARA board chair Albert Mugabe appeared in court on Monday answering to charges of abuse of office

Former Zimbabwe National Road Administration (ZINARA) board Chairman, Albert Mugabe appeared in court answering to charges of criminal abuse of office before a Harare magistrate on Monday.

This follows authoritative reports by the Zimbabwe Morning Post  last week that a 2014  Zinara Grant Thornton Forensic audit report had been handed over to the Criminal Investigation Department (CID) Anti-corruption division after top officials were implicated in corrupt activities committed between 2014 and 2018.

Mugabe  allegedly doctored a false letter of undertaking to CBZ bank advising that the ZINARA board had agreed to set off a $300 000 mortgage loan for the Chief Executive officer.

Mugabe(41) has been released on $500 bail by Harare magistrate Vongai Guuriro Muchuchuti.

He is being represented by Admire Rubaya and the matter was remanded to April 11.
The State led by Sebastian Mutizirwa alleges that on March 30, 2017, ZINARA Human Resources Committee deliberated through a round robin resolution the acquisition of a mortgage loan from CBZ bank in respect of ZINARA Chief Executive Officer Nancy Chamisa Masiyiwa and the six member Human Resources Committee unanimously resolved to recommend to ZINARA Board for approval to secure a mortgage loan scheme not exceeding $300 000 with CBZ Bank for the purpose of housing loan benefit as per ZINARA Human Resources Policy Manual.

On April 5 2017, Mugabe wrote a letter of undertaking for mortgage loan in respect of Masiyiwa to CBZ bank advising that ZINARA board had authorised Masiyiwa to enter into a housing loan scheme with CBZ bank and that ZINARA undertook to pay off the mortgage facility if Masiyiwa’s contract was to expire with the mortgage loan still existing well knowing that ZINARA Board had not approved the loan facility.

On April 11 in the same year, Mugabe wrote another letter to CBZ advising that ZINARA Board had agreed to set off the $300 000 mortgage loan facility in the event that Masiyiwa accrued  arrears and termination of her contract of employment when in actual fact the board had not authorised the setting off of Masiyiwa’s mortgage loan. On April 20, CBZ approved a $300 000 loan facility in respect of Masiyiwa and released the loan on the strength of the false letters doctored by Mugabe with intent to show favor to Masiyiwa.

Leave a Reply