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According to the auditors report into NSSA, covering the period from Jan 2015-Feb 2018, the fund was prejudiced of a total of $175.2million. Much of the losses were due to dealings with Metbank; the $62m TB exposure and land deals linked to the bank
According to the auditors report into NSSA, covering the period from Jan 2015-Feb 2018, the fund was prejudiced of a total of $175.2million. Much of the losses were due to dealings with Metbank; the $62m TB exposure and land deals linked to the bank
How Mupfumira leaned on NSSA to bail out Metbank, according to the audit report. This was done in the name of “indigenisation under ZIMASSET”
NSSA awarded a $304m housing deal to Housing Corporation Zim (HCZ) without going to tender. HCZ was, in fact, formed just a week before the contract was awarded.
The company is linked to businessman Adam Molai
The company is linked to businessman Adam Molai
The NSSA audit report reveals how the former chairman Robin Vela ignored advice by NSSA’s chief investment officer and still pressed for the TB deal with Metbank
NSSA report: In one meeting attended by Mupfumira and Vela, NSSA was ordered to award a housing contract to Metro Realty - a Metbank company - “within 48 hours”
