Man arrested for defrauding home seekers of over US$2m

Lloyd Maungira, 50, has appeared in court facing fraud charges after allegedly duping desperate home seekers out of more than US$2 million by selling residential and commercial stands without authorization.

Authorities say Maungira, director of the Mabvuku-Tafara Housing Pay Scheme, misrepresented himself as an agent of the City of Harare, targeting properties belonging to the City Council, housing cooperatives, and trusts.

Last week, the Harare City Council issued a public notice clarifying that Maungira is not an authorised representative and warning the public against any dealings with him. The notice stated: "He has been engaging in fraudulent activities, specifically selling Council's residential land without the Council's approval or knowledge. Any transactions or dealings with Mr Lloyd Maungira involving Council land are illegal."

Benjamin Murata, branch manager of the Pure Gold Housing Trust in Harare, confirmed that Maungira had caused significant losses and strained relations with clients. "It costs to lose trust and faith from people because of someone who is after reaping where he did not sow," Murata said. "We are relieved that the police managed to track and arrest the suspect who has been causing sleepless nights by selling residential stands allocated to our clients."

Maungira allegedly seized both residential and commercial stands worth approximately US$2.4 million, according to court papers. His case continues as authorities investigate the full extent of the alleged fraud.