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*Magaya Risks Losing Guest House Over US$23M Loan* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?df The leader of the Prophetic Healing and Deliverance (PHD) Ministries Walter Magaya and his wife, Tendai, have been dragged to the High Court for failing to repay a US$23 million loan to Homelink Finance (Private) Limited. Magaya and his wife bound themselves as surety and co-principal debtor to a loan extended to Yadah Connect (Private) Limited last year. ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- Failure to service the loan, Magaya risks losing his guest house in Waterfalls, Harare, which was tendered as security for the loan. The spiritual leaders also offered mining machinery, equipment, and vehicles financed under the facility as security. The creditor, Homelink, through its lawyers, Shomwe-Nyakuedzwa Attorneys is arguing that the defendants breached the loan agreement, hence an order compelling them to pay should be issued. Magaya and wife were, according to the agreement with Homelink, supposed to pay 33 months instalments of US$784 873,62 inclusive of interest, with effect from December 31 last year. Magaya is yet to respond to the civil claim. *Related:* WATCH: Anointing Oil “Wonders” at Magaya’s PHD Church Magaya To Sell Yadah Stars FC Magaya’s Church Claims Tithes & Offerings Are Not Taxable More: The Herald itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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