By A Correspondent | ZimEye | The recent scandal involving the opaque sale of 70% of the People’s Own Savings Bank (POSB) to Hebrew Investment Group (HIG) has not only exposed serious governance failures but has also unequivocally confirmed a bombshell 2021 ZimEye investigation. Three years ago, ZimEye reported that Attorney-General Virginia Mabiza is President Emmerson Mnangagwa’s married girlfriend—a revelation that was dismissed by her at the time.
However, the leaked documents surrounding the POSB deal now leave no room for doubt: Mabiza acted as Mnangagwa’s legal enforcer in pushing through the bank’s sale, proving her deep personal and political connection to the President.
ZimEye’s 2021 Investigation: A Scandal Now Proven True
In 2021, ZimEye broke the story that Virginia Mabiza was in a long-running extramarital affair with Mnangagwa, an affair that had allegedly influenced key government decisions and appointments.
The latest documents expose a direct link between Mnangagwa and Mabiza in this corrupt bank sale, proving that her unquestioning loyalty and legal maneuvering were not just professional but deeply personal.
Documents Prove Mnangagwa’s Direct Influence Over Mabiza
The agreement, signed on December 18, 2024, carries Virginia Mabiza’s signature on behalf of the Government of Zimbabwe, while HIG President Emile Kue signed for the foreign investor.
“For The Government of Zimbabwe: Hon. Virginia Mabiza, Attorney General. For Hebrew Investment Group: Mr. Emile Kue, President/CEO.”
In addition, a letter from Mnangagwa’s office directed Mabiza to oversee the transaction, confirming her key role in executing her lover’s orders.
Mabiza’s Compromised Position: Covering for Mnangagwa’s Interests
As Attorney-General, Mabiza’s role is to protect the rule of law and ensure government transactions are above board. Instead, the documents show that she acted as Mnangagwa’s personal legal conduit, disregarding:
•Procurement laws
•Public tendering processes
•Corporate governance rules
This reinforces ZimEye’s original claim that her proximity to Mnangagwa extends far beyond professional duties, as she shields him from legal scrutiny while executing his dubious financial transactions.
The POSB Deal: A Case of State Capture via a Presidential Affair
By confirming Mnangagwa’s handpicking of HIG and Mabiza’s role in sealing the deal, the leaked documents reveal a scandal even bigger than first thought—where:
1.A key state financial institution was secretly sold off
2.The Attorney-General, compromised by a personal relationship with the President, enabled the deal
3.A major ZimEye exposé on Mnangagwa and Mabiza’s affair is now confirmed by hard evidence
Conclusion: A Corrupt Affair at the Highest Level
The sale of POSB was not just a case of economic mismanagement—it was the direct result of a deeply personal and corrupt relationship between Mnangagwa and Mabiza. The leaked documents confirm what ZimEye uncovered three years ago: Virginia Mabiza is not just the Attorney-General; she is Mnangagwa’s married girlfriend, and their affair has enabled state capture and corruption at the highest levels.