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NSSA finds "missing" land in Chegutu bought for US$3.4 million, blames Chegutu Town Council

6 years agoSun, 09 Jul 2017 00:38:20 GMT
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NSSA finds "missing" land in Chegutu bought for US$3.4 million, blames Chegutu Town Council

National Social Security Authority chairperson Mr Robin Vela told The Sunday Mail that they have identified the 529 hectares purchased for US$3 million in 2003 but had been reported as “missing” to the Auditor-General Mildred Chiri.

Said Vela:

NSSA can confirm that, following due processes and professional legal advice, the authority bought 529 hectares of land known as Hintonville Farm in 2003. It is unfortunate that at the time the 2016 annual financial audit was concluded, the Chegutu Town Council could not find the record of this purchase, prompting the recommendation to write down the land in NSSA’s balance sheet. It is worth noting that NSSA management was already in the process of investigating the existence and ownership of this land with the Chegutu Town Council well before the audit had started and can confirm, following further investigations involving the relevant transacting parties at the time, that the land’s existence has been identified and confirmed, and that the authority is comfortable that its title in respect of the land will be restored in due course.

More: Sunday Mail

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