$15b theft sign Mugabe too old to rule

$15b theft sign Mugabe too old to rule – NewZimbabwe 08/03/2016

THE opposition MDC-T party has demanded “a forensic audit of the diamond mining activities in Marange” after President Robert Mugabe recently revealed that the country was robbed of billions of dollars in potential revenue.

Battered by sanctions and its economy already in serious trouble, the 2006 revelations of the existence huge diamond deposits at Marange gave Zimbabwe hope.

Then mines minister Obert Mpofu even boasted that the country would never, again, need to beg for financial assistance.

But 10 years later, the alluvial diamonds are reportedly exhausted and government struggles to pay its employees; the economy is deep in the mire and unemployment is estimated at more than 85 percent.

In his 92 birthday interview with State media, President Mugabe conceded what the opposition and other commentators have long stated.

“We have not received much from the diamond industry at all. I don’t think we have exceeded $2-billion, yet we think more than $15-billion has been earned,” Mugabe told state television.

In a statement this week, the opposition MDC-T party which, while sharing power with Mugabe’s Zanu PF party, repeatedly complained that diamond proceeds were being diverted from treasury said it held the Zanu PF leader responsible for the scandal.

“The MDC holds Mugabe and his entire Zanu PF regime solely and wholly responsible for the mess in Marange,” said MDC-T spokesman Obert Gutu.

“We have stated it before, and we repeat it here and now, Mugabe is no longer in full and effective control of the country.

“The deep-rooted factionalism that is tearing Zanu PF apart has literally made it impossible for Mugabe, at the very advanced age of 92, to efficiently and effectively discharge his duties as Head of State.”

The state-owned Zimbabwe Mining Development Corporation (ZMDC) was involved in most of the Marange mining operations through 50-50 joint ventures with private companies handed the concessions in a process the MDC-T described as “opaque.”

“It is more than apparent that right from the outset, the manner in which mining licences were awarded to the various mining companies at Marange/Chiadzwa lacked transparency and accountability,” said Gutu.

“There was no public tender system that was instituted before the afore-mentioned diamond mining licences were awarded.

“Everything was done secretively and as a result, it was always going to be very difficult to enforce transparency and good corporate governance consistent with international best practice.”

Mines minister Walter Chidhakwa recently ordered all the companies out of Marange in attempt to reorganise the mining operations in a manner more beneficial to the country.

Too late, said Gutu.

“In a desperate move purportedly aimed at restoring sanity within the diamond mining industry in Marange, the government recently cancelled all licences that had been granted to the various mining companies.

“Not surprisingly, a number of these diamond mining companies have since resorted to litigation in order to enforce what they claim to be their rights that were infringed by the government’s rather draconian and unprecedented action.

“Since the court cases are still sub judice, the MDC will not give its own interpretation of the law suits. Suffice to state that the MDC strongly advocates for respect for the rule of law and property rights.”

The Marange scandal, Gutu added, is evidence that President Mugabe is no longer fit to remain in office.

“It is apparent that there are some shadowy and Mafia-like forces that are now in de facto control of the country,” he said.

“In order to save Zimbabwe from a complete and irretrievable breakdown, the MDC calls upon parliamentarians, across the political divide, to do the patriotic and honourable thing of immediately impeaching President Mugabe.

“The old man is certainly no longer fit and proper to remain in office as the country’s President. He has totally and hopelessly failed to discharge his duties as Head of State.”


  • comment-avatar
    Yayano 6 years ago

    Mugabe has been too old for a very long time. He should stepped down before 2000. He has cost Zimbabwe too much.

  • comment-avatar
    Ngoto Zimbwa 6 years ago

    …..”Battered by sanctions……..”??!!
    What kind of journalism is this?

    The story of Zimbabwe is one of misrule, gross ineptitude and corruption on a grand scale.

  • comment-avatar

    TRU tt ol man needs to be impeached and let in a vote of no confidence even mugrade 7 would rule this country better than him

  • comment-avatar
    Rwendo 6 years ago

    Too old to know what happened to the money – my foot.

    Most likely a reminder to the army generals that were coalescing to confront him menacingly, behind Lacoste, after the Chiweshe rally – that they are exposed and must watch their step….

  • comment-avatar
    Johann 6 years ago

    He was never at any right age to rule!

  • comment-avatar
    Vompom 6 years ago

    Bhobho haana basa nevanhu and haana kumbogara ada . all he needs is power. Diamonds are not meant to help Zimbabwe…. they are his personal assets kkkkkkkiest

  • comment-avatar

    What part of get lost doesn’t he understand??!!

  • comment-avatar
    Michael 6 years ago

    You are all wrong. Mugabe may be too old to rule the country, but he never is too old to loot resources like diamonds. His wife was this time the looter who gained massively – but he probably got away with the majority of the loot – the celebrated Chief Looter in operation.

    This is the way Zimbabwe is being ruined – and none of the loot will be recovered under the present regime, so the country will suffer like it did over the last 20 years.

  • comment-avatar

    The people who looted the diamonds are the 5 companies one for grace army generals cios and ministers China was their market Chinese dont care about the zimbos all they want is diamonds thats why they pretend to support Zanupf The chinese must go the west is better wherever they mine they try kill me if you want Zim has no future with the Chinese they are looters billions of money is hidden in china and swiss bank Chinese are always friends of dictators they even arm them Chinese has benefited from Zanupf corruption now 15 billion is gone what has zim gained only mother grace and his alliance benefited bring the west in change ur laws copy what zambia did you zimbabwean educated fools open your eyes dont be rude especialy you gushungos you destroyed zimbabwe

  • comment-avatar

    Zimbabweans Unity on mother Majuru down with zanupf the cant rule dont u see zimbos u are sufferring your suffering is caused by zanupf and chinese ,