13.10.2024
4:12
The
High
Court
of
Zimbabwe’s
Commercial
Division
in
Harare
has
ruled
that
Walter
Magaya’s
Heart
Stadium
and
Yadah
Hotel
can
be
sold
to
pay
off
a
debt
of
US$420,140.72
owed
to
GetBucks
Microfinance
Bank
Limited.
As
reported
by Nehanda
Radio,
the
ruling
was
made
on
October
9,
2024,
after
Magaya,
his
company
Planet
Africa
(Private)
Limited,
and
Tendai
Magaya
failed
to
meet
their
obligations.
The
court
ordered
the
defendants
to
cover
the
plaintiff’s
legal
costs.
Additionally,
a
3.2323-hectare
piece
of
land,
where
the
hotel
and
stadium
are
located,
was
declared
available
for
sale.
A
special
power
of
attorney
was
also
confirmed,
allowing
Atherstone
&
Cook
legal
practitioners
to
handle
the
sale
and
transfer
of
the
property.
Ruled
the
judge:
The
first
defendant’s
immovable
property
known
as
certain
piece
of
land
situated
in
the
district
of
Salisbury
called
the
Remainder
of
of
Stand
166
of
Prospect
measuring
3,
2323
hectares
held
under
deed
of
transfer
No
4076/2018
and
dated
27
July
2018
is
hereby
declared
specially
executable.The
irrevocable
special
power
of
attorney
issued
by
the
first
defendant
to
the
plaintiff
on
8
March
2024
authorising
Atherstone
&
Cook
legal
practitioners
and
any
of
their
partners
to
sell
and
transfer
the
property
above
is
hereby
confirmed
and
declared
specially
executable.The
defendants
shall
pay,
jointly
and
severally,
the
one
paying
the
others
to
be
absolved,
the
plaintiff’s
costs
of
suit
on
a
legal
practitioner
and
client
scale,
and
collection
commission
in
accordance
with
the
Law
Society
of
Zimbabwe
by-laws.
The
court
ruled
in
favor
of
GetBucks
Microfinance
Bank
Limited,
ordering
the
defendants
jointly
and
severally,
to
pay
US$420,140.72,
with
10%
interest
per
month
from
September
11,
2024,
until
the
debt
is
fully
paid.
This
decision
could
greatly
impact
Magaya’s
business
and
reputation.
Magaya,
who
founded
the
Prophetic
Healing
and
Deliverance
Ministry,
has
faced
several
allegations
in
recent
years,
including
rape
and
fraud.
The
Zimbabwe
Gender
Commission
is
also
investigating
him
for
allegedly
sexually
abusing
several
women
from
his
church.
Post
published
in:
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