ZUPCO Is Another Ponzi Scheme Aimed At Looting State Coffers – Chikwinya

MDC MP Settlement Chikwinya has labelled the revived ZUPCO a Ponzi scheme aimed at enriching the elite, New Zimbabwe reports.

Speaking to the publication, the Kwekwe legislator said:

The Zupco model was never going to be sustainable as it lacks both efficiency and accountability. The Zupco model was just another looting platform as it is reported that more than USD $13 million is channelled towards that scheme every month.

ZUPCO was revived last year after the fuel hike protests that resulted in the death of over a dozen people. It was aimed at awarding the urban populace a chance to affordable transportation. 

More: New Zimbabwe

Join WhatsApp & Telegram News Groups:

WhatsApp Group: https://chat.whatsapp.com/B4vSeEOB3rNLugUMez75g8


Telegram Group: https://t.me/+E-dYp2NhsANlMGU0

Back to top

Write a Comment

Your email address will not be published.


Share Full Post

Nyaradzo logo

RSS Recent Profiles Created