The Zimbabwe Youth Council (ZYC) has accused the Minister of Youth, Indigenisation and Economic Empowerment Minister Cde Patrick Zhuwao of directing the council to handpick Cornerstone Private Limited to offer consultancy services without following proper procedures.
Members of the ZYC board appeared before the parliamentary portfolio committee of youth development, indigenisation and empowerment to answer to questions around the US$17 000 youth fund scam.
Answering questions posed by the committee on why the ZYC had to give contract to Cornerstone Private Limited to conduct consultancy services assistant director operations Mr Sungano Chisina said the Youth, Indigenisation and Economic Empowerment Minister Cde Patrick Zhuwao endorsed the handpicking of the company owned by Mr Ace Lumumba.
The US$70 000 in question was sourced from Old Mutual to fund a workshop for the youth’s steering committee, formerly chaired by Lumumba.
According to available information showing the history of the transaction, Old Mutual deposited the money into the ZYC bank account before it was wired into Cornerstone Investment without following procedures.