The Zimbabwe Anti-Corruption Commission (ZACC) has arrested NetOne chief executive officer Raphael Mushanawani over alleged fraud involving more than US$1.2 million (about R21.9 million). The arrest took place on Monday, 29 September 2025.
Costly system upgrades questioned
According to ZACC, the case originates from 2022 when state-owned NetOne contracted Farevic Systems to replace its SAGE 1000 accounting system with a new Enterprise Resource Planning (ERP) platform. The deal was valued at US$3.5 million (about R63.9 million).
However, investigators allege that while the project was still underway, Mushanawani and finance executive Christopher Muchechemera secretly engaged Lunartech Solutions to upgrade the very system that was being replaced. The contract with Lunartech was initially pegged at US$257,600 (about R4.7 million).
ZACC spokesperson Thandiwe Mlobane said:
“Mr Mushanawani went on to sign two further addendums with Lunartech Solutions, raising the cost of the upgrades to more than US$1.2 million.”
Allegations of unauthorised payments
ZACC further alleges that Mushanawani approved another contract with Diztech, worth US$79,467 (about R1.4 million). The consultancy and training services were allegedly already included in the Farevic Systems contract.
According to investigators, all the transactions were carried out without the knowledge or approval of NetOne’s executive committee and board.
“These deals were executed outside the company’s governance structures, making them unlawful,” ZACC officials said.
Court appearance expected
Mushanawani was taken into custody in Harare. He is scheduled to appear before the Harare Magistrates’ Court today, Tuesday, 30 September 2025.
ZACC said investigations are ongoing and more information will be released as the case progresses.
Follow Us on Google News for Immediate Updates
The post ZACC Arrests NetOne CEO Mushanawani Over US$1.2 Million Fraud appeared first on iHarare News.
