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Zimbabwe Anti-Corruption Commission: How Minister Jonathan Moyo looted US$430,000 development funds and squandered it on girlfriends and other personal expenses - Zimbabwe Today
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Zimbabwe Anti-Corruption Commission: How Minister Jonathan Moyo looted US$430,000 development funds and squandered it on girlfriends and other personal expenses


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ZACC says Moyo personally squandered Zimdef cash, no money went into Zanu PF projects
THE Zimbabwe Anti-Corruption Commission (ZACC) Thursday said contrary to claims by Jonathan Moyo that funds from the Zimbabwe Manpower Development Fund (Zimdef) were used for Zanu PF projects, their investigations show that the money actually went into the minister’s private investments.

ZACC commissioner in charge of investigations, Goodson Nguni, said Zimdef was being used as a bank to finance private activities and personal entities in which Moyo and his deputy Godfrey Gandawa had interests.

Nguni said they have documents, receipts, affidavits and bank statements to prove that the minister of higher education and Gandawa channelled the $430, 000 to their personal use.

Addressing journalists in Harare Thursday, Nguni said Zimdef money was used to pay rentals for girlfriends and female journalists, personal business premises and to buy office furniture among other things.

Nguni said ZACC had it on good authority that the money was never used to fund any single ruling party activity and brought bank statements which he ‘leaked’ to the media.

“The public has been bombarded with lies, half-truths and complete fabrications by people who are facing charges of fraud, abuse of office, money laundering arising out of violation of the National Manpower Development Act,” said Nguni.

He added, “I am aware that investigations have obtained, legally, all source documents relating to the release of Zimdef funds and followed the paper and money trail from Zimdef to the final destination of the monies paid out by Zimdef.”

“No monies from Zimdef benefitted any political party. All monies paid out have been traced to the personal benefit of Moyo, Dr Gandawa, Mr Hozheri and Mr Maputse assisted these actions. The monies from Zimdef were used to pay for personal furniture, bicycles and payment of loans owed by persons who may be charged,” Nguni further said.

Also, according to Nguni, $70 00 was paid out to settle a personal loan by Gandawa with thousands of dollars withdrawn by his (Gandawa) personal assistant and driver.

“Thousands were paid out to finance personal business interest of the officials in the Higher and Tertiary Ministry. Thousands of dollars were paid to finance purchases of personal companies of these officials to supply goods of the Universities including ZOU and Great Zimbabwe,” said Nguni.

He went on: “We legally obtained bank statements and all source documents and would like to confirm that contrary to what the Minister of Higher and Tertiary Education is saying in the media, no benefit from Zimdef funds in respect of our investigations have benefitted any political party or been used for that purpose.

“It is false to say that Zimdef funded the one million man march, it is false that Zimdef funds were used to fund any meeting of political parties.”

Zimdef CEO, Fredrick Mandizvidza, is on bail charged with fraud and his statement to ZACC says that all payments were on orders of the Moyo and deputy minister.

 

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