Former President Robert Mugabe’s nephew Albert Mugabe has continued as board chairperson of the road management parastatal, Zinara, 3 months after the former head of state’s removal from office.
In fact three more members have been added to the previously 9 member board, as ZimEye reveals.
It was revealed today that the Mugabe led board has flouted basic corporate governance practices by awarding themselves allowances and fuel allocations.
All this as emerged as ZimEye reveals, during the Parliamentary Portfolio Committee on Public Accounts. WATCH THE VIDEO (continue reading).
The committee expressed outrage over the retaining of alleged corrupt officials who were exposed for rampant corporate governance malpractice leading to the loss of millions of dollars at the national roads authority.
The committee took the current senior management to task as they grilled them on what they had done to comply with the findings of the 2015-2016 auditor general’s report.
Parliament through it Portfolio Committee on Public Accounts has flexed its muscle and come out guns blazing at the ineptitude of ZINARA in dealing with its former senior executives who allegedly failed to account for millions of dollars as exposed in the 2016 auditor general’s 2015-2017 report.
ZINARA former acting finance director Mr Precious Murove and former acting CEO Engineer Moses Juma were at pains to explain why they flouted basic corporate governance practices by awarding themselves allowances and fuel allocations that were not processed through the payroll system and without remitting tax.
Current CEO Engineer Nancy Chamisa told the committee her hands were tied as she had once suspended the former executive management only for them to be reinstated by the board making it difficult for her to accomplish her mandate.
The 2015-2016 auditor general’s report also revealed that the administrator’s expenditure for salaries and other expenses amounted to 11 percent of revenue exceeding the revenue requirement of 2.5 percent.
It additionally exposed that payments were made to contractors without supporting documents prejudicing the authority of millions. (ZimEye/Additional reporting state media)