Fuel shortage due to fraud at NOCZIM

Energy and Power Development Minister Elton Mangoma today said Zimbabwe’s recent fuel shortage was due to fraud at the National Oil Company of Zimbabwe. He said NOCZIM had stolen $35m of Zimbabwe Revenue Authority funds between February 2009 and February 2010.  It had also not bought any strategic reserves since February 2009.

 

(43 VIEWS)

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *