Moyo says $450 000 he stole is nothing compared to the money he distributed for development of various tertiary institutions

Higher and Tertiary Education, Science and Technology Development Minister Professor Jonathan Moyo yesterday said the $450 000 that he allegedly stole from the Zimbabwe Manpower Development Fund (Zimdef) was nothing as constituted 1,8 percent of the $24 million that he distributed for development of industrialisation and modernisation at various tertiary institutions.

While officiating at a graduation ceremony at Madziva Teachers’ College where 275 teachers were being conferred with diplomas Moyo said,

In 2016, Zimdef support to these institutions is $20,315 515. If the $4,5 million for 2016 A-Level students is added, the total Zimdef support to our institutions this year is $24, 815, 515. There is none of our institution that is not a recipient of Zimdef fund. Let us be generous and say muri kuti $450 000 (was abused), this $450 000, which is disputed, is only 1,8 percent of Zimdef 2016 Fund. Only 1,8 percent of the fund has gone towards what you would call corporate social responsibility. Hamudi izvozvo. Which of the organisation that is as significant as this one does not have corporate social responsibility at this low figure?

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Prof Moyo said Zimdef was neither a student fund, scholarship or cadetship but its purpose was to research, plan, develop and train human capital or skills needed by the country’s economy.

More: Herald


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