USD$ 3 Billion disappears in Zimbabwe

USD$ 3 Billion disappears in Zimbabwe
Published: 19 July 2019 (293 Views)
About 3 Billion United States dollars disappeared through the system after it was allocated to the Command Agriculture program between December 2017 and 2018 it has emerged.

The matter came to light on Friday Morning when the Parliamentary Public Accounts Committee was receiving oral evidence from Ministry of Lands, Agriculture, Water, Climate and Rural Resettlement on the Ministry's Accounts audited in the Auditor General's 2017 and 2018 Reports.

The report revealed that Treasury released USD$3billion to the Ministry of Agric and Lands to finance Command Agriculture, but there is no supporting documents and parliament did not approve this payment.


The Ministry of Lands Finance Director and the Permanent Secretary said they know nothing about finances that were released by the Treasury for Command Agriculture because they are not in control, instead Command Agric is run by the Office of the President and Cabinet as a sub ministry.

Commenting on the matter Professor Jonathan Moyo said, " We told you so in 2016/17 when Mnangagwa was personally running and coordinating the programme which he turned from the purported Command Agriculture to Command Uglyculture, steeped in untold corruption that cost billions of USDs in TBs that have not been accounted for!"



- Byo24News

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