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Jerome Ngwenya Subpoena Investigation - Royal Zulu News - News Directory 3

Jerome Ngwenya Subpoena Investigation – Royal Zulu News

November 24, 2025 Victoria Sterling Business
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  • Okay, here's a Google News-friendly article based on the provided text, adhering to all specified requirements.
  • Pietermaritzburg, ⁣South Africa - The Ingonyama trust Board (ITB), responsible for managing vast tracts of land in KwaZulu-Natal, is moving to seize assets from ⁣its former chairperson, ⁢Jerome...
  • What: The Ingonyama Trust Board is pursuing asset ⁢seizure ⁣from former chairperson Jerome Ngwenya over ⁣a R30 million repayment‍ order.
Original source: businessday.co.za

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Ingonyama Trust Board Pursues Asset Seizure from‍ Former Chair Over R30m Diversion

Pietermaritzburg, ⁣South Africa – The Ingonyama trust Board (ITB), responsible for managing vast tracts of land in KwaZulu-Natal, is moving to seize assets from ⁣its former chairperson, ⁢Jerome ‍Ngwenya, after he failed to repay R30 million found to have been‍ unlawfully diverted from ⁣a land sale. This action comes as‍ a separate investigation continues into ⁤a further R41 million allegedly stolen from Ingonyama Holdings (IH), the trust’s commercial arm. The ⁣ongoing issues have reignited scrutiny of the ITB’s governance and its⁤ effectiveness in benefiting the communities it serves.

What: The Ingonyama Trust Board is pursuing asset ⁢seizure ⁣from former chairperson Jerome Ngwenya over ⁣a R30 million repayment‍ order. A separate R41 million theft‍ investigation is ongoing.
Where: KwaZulu-Natal, South Africa. Legal proceedings are in the Pietermaritzburg ‍High Court.
When: The initial repayment order was issued in September 2023; asset seizure efforts began in late 2023/early 2024.
Why it Matters: The case highlights ongoing governance issues within the ITB, a⁤ crucial institution managing ‍land for the benefit of communities in KwaZulu-Natal. It raises questions about openness, accountability, and the effective use of revenue generated from land leases.
What’s Next: Asset seizure proceedings will continue. The⁣ SIU investigation into the R41 million theft is nearing completion, with findings expected to be presented to Parliament. Calls for broader reform of⁣ the ITB are ⁤likely to intensify.

Lawyers representing the ITB filed sequestration‍ papers in the Pietermaritzburg High Court this ‍week, following Ngwenya’s⁢ failure to meet a 30-day deadline to repay the funds. The court previously ruled that Ngwenya “acted⁣ without authorisation” in diverting the ⁤money from a land sale transaction.

Advocate ⁤Linda Zama, deputy chairperson of the ITB, confirmed the enforcement action. “The court was clear – Mr Ngwenya and his associates must pay back‍ the money. The 30‑day deadline has long passed, and we are now moving to attach assets,” ‍she stated.

This case is distinct from a separate investigation by the special Investigating unit (SIU) into⁢ the alleged theft of R41 million from Ingonyama ‍Holdings.The SIU has identified assets potentially purchased with ⁢the stolen funds and is seeking⁢ parliamentary support ⁣to finalize its⁤ investigation.

We cannot continue with this situation⁣ as if it is ⁢business as usual

Established in 1994, the Ingonyama Trust was created to administer approximately 3 ⁢million ⁢hectares of land in kwazulu-Natal previously held by the Zulu monarchy. Its stated purpose is to manage the land for the “benefit, material welfare and social wellbeing” of the communities residing on it.

However, the ITB has faced persistent criticism ⁣regarding mismanagement,⁣ a lack⁤ of transparency, and a failure to ⁣adequately distribute‍ revenue generated from land leases – notably from cellphone companies⁢ renting space for masts – to ⁣local ⁢communities.

Both the auditor-general and parliamentary portfolio committees⁣ have repeatedly highlighted governance failures. civil society groups‍ have called for significant reforms, with some advocating for the trust’s dissolution.

The auditor-general’s latest report underscored these⁤ concerns, citing irregular ⁣expenditure, weak compliance with ⁢the Public Finance Management Act, and a general lack of transparency in financial dealings.

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