Connect with us

Hi, what are you looking for?


Zimdef loses $120m as fraudsters hack bank accounts

Zimdef loses $120m as fraudsters hack bank accounts

Bank accounts of the Zimbabwe Manpower Development Fund (Zimdef) were siphoned of $120 million after a syndicate of hackers gained access to the organisation’s computer systems.

Using Zimdef authorisation codes, the hackers ordered banks to transfer large sums of money to their own accounts, a Harare court heard yesterday.

Out of the $120 million, only $30 000 has been recovered, so far, after the National Building Society reversed one of the transactions.

The hacking came to light on December 28 last year after a whistle-blower wrote an email to Zimdef detailing the fraud.

Investigations led to the arrest of Kenyan tourist Primrose Nyeri Mwangi, who runs Maffkett Private Limited Company and Primkett Travel, which were operating at Joina City in Harare.

Mwangi was yesterday taken to the Harare Magistrates Court charged with fraud and violating the conditions of her tourist visa.

She was not asked to plead to the charges when she appeared before Harare regional magistrate Mr Stanford Mambanje, who remanded her in custody to today for her bail application.

Mwangi is being represented by lawyer Mr Farai Nyamayaro.

Mr Zvikomborero Mupasa, appearing for the State, alleges that between December 1 and 29 last year, Mwangi teamed up with Gerald Pondai, Prosper Hove and some members of their syndicate to access the Zimdef computer data systems and through that got access to the ZB Bank and CBZ accounts of Zimdef.

It is said that Mwangi and the syndicate then transferred $20 million through the standard Zimswitch system, using Zimdef authority codes, into the Steward Bank account of Maffikett Trading.

The court heard that they also transferred other sums into Atrier Engineering CBZ account, Newplaces (Pvt) Limited NBS account and Tavaka Holding NBS account.

The State alleges that Mwangi then used the money transferred into her company’s account to purchase bulk cooking oil.

According to the State, the offence came to light when Zimdef was alerted through an email by a whistle-blower on December 28 detailing how the accounts had been hacked through its internal systems.

It is said that bank statements revealed that $120 million was stolen from Zimdef ZB Bank account and CBZ Bank with $30 000 recovered through a reversed transaction by NBS bank.

Mwangi is also facing a separate charge of violating conditions of her visitor’s entry certificate, which gave her just one month as a tourist between December 14 and January 14.

During the stay, Mwangi is alleged to have violated the conditions of the tourist visa by engaging in employment or by conducting business as the director for Primkett Travel and Tours and Mafkett Trading.

In other news,

Reports Say Stunner Has Been Arrested In Durban After Bashing New Bae


It has been reported that Rapper Stunner has been arrested in Durban after he physically assaulted his girlfriend.

Reports Say Stunner Has Been Arrested In Durban After Bashing New Bae

The issue is said to have started when Stunner’s girlfriend was approached by another man and she gave him her number without hesitation.

This did not sit well with the rapper who…continue reading

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *



A house near Globe and Phoenix Mine in Kwekwe has been “swallowed” by a mine tunnel. According to the Permanent Secretary of the Ministry...


In a horrifying case of family violence, two innocent children were stoned to death along with their 81-year-old grandfather at Mhari Village in Bikita...

Celeb Gossip

And the first question that runs in your mind when you here this is, who is the father? Pokello has of late been rumored...


Controversial comedian and musician Mai TT has reported her ex-husband Tinashe Maphosa to the police for leaking her nυde video and images. The pictures...


Mystery surrounds the whereabouts of the controversial self styled whistle-blower, Susan Mutami following an eletric period of exposing ZANU PF President Emmerson Mnangagwa and...


KUNZWANA Women’s Association director, Sekayi Wade, has been accused of embezzling about US$200 000 from funds donated by a German NGO. The funds were...


Following a miscommunication over the rent for their shared flat, a woman from HARARE collaborated with a friend to assault her mother with a...


Chairperson of Budiriro 2 Housing Pay Scheme, Robert Garikayi Jonhera, is wanted by police for defrauding home-seekers by selling them stands on land reserved...