US$18 Million Transaction Blocked & ZACC Fires Frank Muchengwa

Zimbabwe Anti-Corruption Commission (ZACC) recently blocked two illegal transactions where parastatals were about to release US$18 million for unrendered services.

“Recently a parastatal was about to pay a certain company US$18 million for a service that had not been processed and the parastatal was about to pay when its board raised the red flag and we assisted in blocking the payment.” ZACC chairperson Justice Loice Matanda-Moyo said.

Invoices and paperwork had been processed but there are some staff members who reported the case to ZACC before the funds were released.

In another incident mid-last year, ZACC blocked the illegal payment of US$3 million by a state-owned firm.

“The commission has developed an integrity strategy model framework that will assist boards to develop, implement and monitor the integrity strategy as well as to operationalize the integrity committee,” She also added.

Boards of public entities are required to set clear rules, regulations and policies dealing with integrity and prevention of corruption in organizations.

Due diligence is emphasised before contracts are signed, involving the policy of full disclosure given a priority among others.

All boards are now expected to report back to ZACC twice a year on the activities that promote integrity and prevent corruption.

Meanwhile, President Emmerson Mnangagwa today fired Zimbabwe Anti-Corruption Commission (ZACC) commissioner Frank Muchengwa after a tribunal confirmed he was corrupt among other allegations.

“The tribunal has reported its findings to his excellency, the President E.D Mnangagwa and has recommended that commissioner Frank  Muchengwa be removed from office for acts of gross misconduct. Accordingly, His Excellency the president acting in terms of Section 187  (8) of the constitution, has removed Commissioner Frank Muchengwa from office with immediate effect,” said Mangwana in a statement