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Corruption at TelOne and Netone irks MP
09 Apr 2016 at 08:22hrs | Views
The level of corruption at the TelOne and Net One have irked an MP James Maridadi who expressed serious concerns over it in parliament.
Maridadi expressed his concerns after Finance Minister Patrick Chinamasa pleaded with the august House to approve the China Exim Bank last year for US$98.6 million loan.
Maridadi said S$98.6 million is a lot of money and he was actually surprised that the Minister would come to parliament to talk about this amount of money whose terms are fantastic, grace period of five years, interest rate of 2% and management fees of 0.25%, that is very cheap money.
"The tenure is 20 years and all the other ancillaries that are to do with this loan. What worries me is that you talk of Tel-One and Net-One, the level of corruption at Net-One is shocking," he said.
"The Minister cannot come to this House with a straight face and talk about money that should be injected into Tel-One and expect Net-One to be assisting in paying that loan in the event that Tel-One is not able to pay that loan."
He said they have a Minister of this Government who has the arrogance and audacity to send a text message to a supplier of goods and services to say, he facilitated this and that tender for them and they are yet to give him his kickback of $700 000', in an economy like this.
"The Minister of Finance comes to this Parliament with a straight face to say please approve this loan so that we can put money into Tel-One knowing very well that becomes feeding trough for his colleague Ministers," he said.
"The Minister of Finance should first of all come to this House and say how they have cleaned up the mess at Tel-One, how they have cleaned up corruption at Net-One, only then can a reasonable House that is representing the people of Harare, approve the loan. The tenure and everything else to do with the loan is fantastic but the corruption in this Government and the Minister of Finance and Economic Development will be the first to vouch for me."
Maridadi expressed his concerns after Finance Minister Patrick Chinamasa pleaded with the august House to approve the China Exim Bank last year for US$98.6 million loan.
Maridadi said S$98.6 million is a lot of money and he was actually surprised that the Minister would come to parliament to talk about this amount of money whose terms are fantastic, grace period of five years, interest rate of 2% and management fees of 0.25%, that is very cheap money.
"The tenure is 20 years and all the other ancillaries that are to do with this loan. What worries me is that you talk of Tel-One and Net-One, the level of corruption at Net-One is shocking," he said.
He said they have a Minister of this Government who has the arrogance and audacity to send a text message to a supplier of goods and services to say, he facilitated this and that tender for them and they are yet to give him his kickback of $700 000', in an economy like this.
"The Minister of Finance comes to this Parliament with a straight face to say please approve this loan so that we can put money into Tel-One knowing very well that becomes feeding trough for his colleague Ministers," he said.
"The Minister of Finance should first of all come to this House and say how they have cleaned up the mess at Tel-One, how they have cleaned up corruption at Net-One, only then can a reasonable House that is representing the people of Harare, approve the loan. The tenure and everything else to do with the loan is fantastic but the corruption in this Government and the Minister of Finance and Economic Development will be the first to vouch for me."
Source - Byo24News
