Family On Brink Of Losing House After Investing Money Into Magaya Schemes
18 August 2018
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By Paul Nyathi|A family in Harare has revealed to ZimEye.com that it is on the brink of losing its home over a debt it incurred when they invested funds into one of Prophet Walter Magaya’s investment schemes.

The family claims to have invested an undisclosed huge amount of money into Yadah Connect a financial scheme run by Magaya in March 2017 hoping to get a quick return on the investment but have to date not received anything including the principal investment.

“We invested in mining yadah connect last year 2017 march and were told after 6 months we will get our profits. Up to now we have not yet received a cent,” said a family member who would not be named.

“All along we have been patient because the factory was being built and buying of machines. The factory was officially opened this year in feb and in march we were suppose to get our 40% prfits but suprisingly up to now noone has received money. we are now worried because there is no communication at all with Yadah connect.”

“Now,we want our money back they are telling us stories. they said if we want refunds write a letter and submit with orignal receipts and we did that but to no avail. We have been to their offices several times but what we get are insult and funny stories,” said the family member.

Contacted for a comment, an official at the PHD Ministries church that runs the scheme said that Magaya is set to meet with all the investors on August 25 where all issues around the delays in getting their returns will be solved.

The family however said that they can not wait until that date as they will be having no where to stay.