Categories: Stories

Why Zimbabwe’s Auditor-General needs more bite to tackle endemic looting in parastatals

If anyone needed evidence of why the Auditor-General needs a bigger whip and more teeth, they need to read the section on the Zimbabwe National Road Administration (ZINARA) in her 2016 audit.

While roads around the country crumble, the ride is smooth for executives at ZINARA, the agency responsible for Zimbabwe’s roads.

They overstate their profits and illegally award themselves big perks, and they feel no guilt.

In her audits, A-G Mildred Chiri presents her findings and asks management to respond.

ZINARA’s responses to her damning findings shows public officials are under no pressure to perform, or reform.

ZINARA could not prove how it spent project expenditure amounting to at least $2.1 million.

In addition, ZINARA overstated its profits by close to $50 million, the A-G says.

How did ZINARA respond? Do they panic?  Not at all.

“Observations noted. We are going to regularise in 2017,” ZINARA management bluntly responds in its management notes.

And what about the $2 million dollars that ZINARA has in Allied Bank, the failed bank that was owned by Obert Mpofu, who was once the minister in charge of ZINARA?

Why is ZINARA not attending creditors meetings, the A-G asks?

“Noted,” says ZINARA.

And what of all the big money that ZINARA management was illegally enjoying?

The $137 417 in board fees and cellphone allowances, and close to $30 000 in fuel allowances of up to 250 litres per month?

 Entertainment allowances of $2 250?

And those holiday allowances of $6 300, which totalled $18 500 per year?

None of these allowances are in the contracts of the managers that enjoyed them, the A-G observes.

“Observation noted. Allowances will be paid as per contract,” ZINARA says plainly.

And why are all these illegal perks being paid outside the pay roll, the A-G asks?

Continued net page

(133 VIEWS)

This post was last modified on July 1, 2017 5:54 am

Page: 1 2 3

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Will Mnangagwa go against the trend in the region?

Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…

October 22, 2024

The Zimbabwe government and not saboteurs sabotaging ZiG

The Zimbabwe government’s insatiable demand for money to satisfy its own needs, which has exceeded…

October 20, 2024

The Zimbabwe Gold will regain its value if the government does this…

Economist Eddie Cross says the Zimbabwe Gold (ZiG) will regain its value if the government…

October 16, 2024

Is Harare the least democratic province in Zimbabwe?

Zimbabwe’s capital, Harare, which is a metropolitan province, is the least democratic province in the…

October 11, 2024

Zimbabweans against extension of presidential term in office

Nearly 80% of Zimbabweans are against the extension of the president’s term in office, according…

October 11, 2024

Zimbabwe government biggest loser when there is a discrepancy in the exchange rate

The government is the biggest loser when there is a discrepancy between the official exchange…

October 10, 2024