Home Zimbabwe News Bona Mugabe to distribute father’s wealth after being appointed executor

Bona Mugabe to distribute father’s wealth after being appointed executor

Bona Mugabe

Bona Mugabe to distribute father’s wealth after being appointed executor. Bona Mugabe Chikore the firstborn daughter of the late former President Robert Mugabe has been appointed the executor of his estate which means she will be responsible for distributing Robert Mugabe’s wealth and estate. The decision was made at an edict meeting held by the Master of the High Court.

This comes after Mugabe who ruled Zimbabwe for 37 years apparently died without leaving a will. In her role as executor, Bona will be required to identify all of her father’s assets and liabilities. She will then pay off all debts if any that he had, and oversee the distribution of the assets to the President’s beneficiaries.

Under Zimbabwean law, the estate of a person who dies intestate (without leaving a will) is distributed between their spouse and children. According to legal papers filed at the Master of the High Court, this means Mugabe’s widow Grace and her children Bona, Robert Junior, Chatunga Bellarmine and Russel Goreraza. Last week Bona, notified the Master of the High Court, that Mugabe had a modest estate which included USD10 Million in a CBZ Nostro Account as well as some immovable property.

We say modest because Zimbabweans have speculated for years about Mugabe’s wealth, with many assuming that he and his family amassed a vast fortune – perhaps as much as $1 billion, according to a leaked U.S. cable from 2001 – during his 37 years in power.

However, Mugabe’s lawyer Terrence Hussein said that the property published in the state media is only part of the former President’s estate. Hussein went on to say that it will take a long time to track down and establish all of Robert Mugabe’s wealth and assets.

Source – iHarare

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Python

Mutare residents were left shell shocked when a couple aboard a silver Toyota sedan dumped a seven-metre long python behind Mutare Motoring Club and sped off…continue reading.

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