Former Zinara Chairperson In Court

4 years ago
Mon, 11 Mar 2019 22:18:53 GMT
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Former Zinara Chairperson In Court

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

Mugabe was 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. Mugabe allegedly faked a 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.

On March 30, 2017, ZINARA Human Resources Committee deliberated through a round robin resolution the acquisition of a mortgage loan from CBZ bank for ZINARA Chief Executive Officer Nancy Chamisa Masiyiwa. 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. 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 the bank. He said ZINARA undertook to pay off the mortgage facility if Masiyiwa’s contract was to expire with the mortgage loan still existing. The ZINARA Board had not approved the loan facility.



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