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Sekeramayi Fails To Repay US$250 000 Borrowed From A Friend

Sekeramayi Fails To Repay US$250 000 Borrowed From A Friend

Former Defence and State Security minister Sydney Sekeramayi is in financial difficulty and is failing to repay the US$250 000 he borrowed from a friend.

The ZANU PF Politburo member was sued by his friend, Exevia Maoneke, who wanted to force him to repay the loan.

According to court papers seen by NewZimbabwe.com, Maoneke gave the money to Sekeramayi last year, who promised to repay by 28 February this year.

Sekeramayi was given the money in two batches: he received the first batch of US$150 000 on 18 August 2021, and later US$100 000.

The politician offered a stand in Marondera, measuring 4 199 hectares as collateral security.

Sekeramayi was supposed to pay U$150 000 on 4 December 2021 while the remaining balance of US$100 000 was supposed to be paid on 28 February this year.

His failure to repay the loan prompted Maoneke to seek the High Court’s intervention.

High Court judge, Justice Slyvia Chirawu-Mugomba, ruled that Sekeramayi should repay the loan. She said:

Whereupon, after reading documents filed of record and hearing counsel, it is ordered that the provisional sentence be and is hereby granted against Sekeramayi.

Sekeramayi shall pay Maoneke US$250 000 plus interest at the prescribed rate of five per cent from the date of filing of the summons until the date of payment.

The immovable property called stand 722 Marandellas Lands, measuring 4 199 square meters, held under deed of transfer No’ 10120/1997 dated November 25, 1997, be and is hereby declared executable.

Justice Chirawu-Mugomba also ordered Sekeramayi to pay a collection commission in terms of the Law Society of Zimbabwe Tariff being 10 per cent of the capital.

More: NewZimbabwe.com

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13 Comments

Hwesa 1 month ago

vamwe kana hope yekuti ticha batawo 250000rtgs chaiyo.


Chiurai 1 month ago

Mudhara ndaadzose CHIMBADZO icho


Stallion 1 month ago

mabasa ezanu exactly what will happen to mutsvangwa and crew they are enjoying today but pamberi apo pane nyaya zanu chikwambo chaicho


Chimboti Pizza 1 month ago

Mface apera uyu, pane achaziva kuti aida kumboitwa President😂😂😂


seke**** 1 month ago

bamnini mari iyo andichaione iyo we can dk a deal toita settlement ndokupa farm and some houses in leafy surbubs dzimba dzirikumhiri kwaSamora


ABSA 1 month ago

Us $250000 vanhu vane cash mudzimba amana kuzoti machinese nema Indians asingatowanike kuma banks that is why there's no circulation of cash munyika muno


Harry Potter 1 month ago

$250000usd hey, apa vamwe kana 250000 rtgs haisati yambopfura nematiri


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Mkanya 1 month ago

Politicians havakwereteswi mari. Havadzose


Asalif 1 month ago

Aaaa so what are they doing with the farms they took if he is that broke Saka nyika isina kwairi kuenda you took those farms to lie idle wamakatorera arikungoita Mari look at those Mhangura white man ane fleet of trucks that Biltrans company akati chirimai mokonewa zveeee kkkkkk


dispenser 1 month ago

Is it true Mutsvangwa ,anobikiswa sadza ,kuwachiswa magumbeze nemaplates naMonica.desperation statements dzanzwa nekuchengetwa i stress


homp 1 month ago

look at dydimus mutasa


IiiDhiii 1 month ago

Ukabuda muZanu unoita rombe. Munhu wachiremba ayidiyi 250k USA.


Chikanda 1 month ago

Pfuma yekuba ndiwo mapere ayo



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