NRZ Denies It Owns London Properties Being Milked By Secret Cartels
By A Correspondent|ZimEye|Harare, Zimbabwe— The National Railways of Zimbabwe (NRZ) has actually emphatically refuted current accusations flowing on social media sites that the company possesses deserted residential or commercial properties in London that have actually allegedly come under the hands of cartels. In a main declaration launched on August 25, 2024, the NRZ cleared up numerous mistaken beliefs concerning its residential property holdings, both in your area and worldwide.
According to the declaration, NRZ does not have any kind of shares, residential or commercial properties, or have any kind of straight or indirect relate to the London Stock Exchange or any kind of residential or commercial properties in theUnited Kingdom The company stressed that it has no control over any kind of residential or commercial properties outside Zimbabwe, exposing the cases made by some social media sites individuals that NRZ has UK-based properties.
The NRZ has actually likewise dealt with the constant complication in between itself and the NRZ Contributory Pension Fund, specifically pertaining to residential property possession. The company clarified that while it is the funding company of the Pension Fund, it does not very own or take care of any one of the Fund’s residential or commercial properties, either locally or abroad. The declaration repeated that the Pension Fund’s properties, consisting of overseas residential or commercial properties, are separately handled and the earnings are utilized to profit the Fund’s participants.
The NRZ declaration, nonetheless, falls short to divulge the identifications of individuals that presently regulate plus those that take advantage of earnings from the pension plan fund’s properties.
As ZimEye remains to seek them for a remark, the NRZ has actually even more shot down records that it possesses and has lawful civil liberties to land extending approximately 2 kilometers on either side of train lines inZimbabwe
The proper lawful placement, as mentioned by the NRZ, is that just 45 meters of arrive at either side of the train tracks is taken into consideration Railway Reserve Land, marked for future train growth. Additionally, the company validated that it does not have any kind of land in Johannesburg or any kind of residential or commercial properties in Zambia and Botswana.
The NRZ likewise gave historic context, keeping in mind that residential or commercial properties as soon as possessed by the now-defunct Rhodesia Railways, that included properties in Zimbabwe, Botswana, and South Africa, were dispersed amongst follower entities, consisting of Zambia Railways Limited and NRZ. These properties were handled by a joint board referred to as the Higher Authority, made up of reps from both Zimbabwe and Zambia.
The NRZ’s declaration can be found in action to expanding conjecture and false information on social media sites systems, specifically on X (previously Twitter), where individuals have actually been reviewing the company’s claimed possession of global residential or commercial properties. The NRZ has actually looked for to place these reports to reside its thorough information.
In a declaration launched on August 25, 2024, the NRZ looked for to clarify what it described as “misconceptions” concerning its residential property holdings, both within Zimbabwe and abroad.
NRZ’s Official Statement recommends in recap:
- Denial of Ownership of London Properties:
- “The NRZ does not own any shares and has no direct or indirect link, right, or benefit from the London Stock Exchange. Furthermore, NRZ does not own any property in the UK as some X users have claimed.”
- Clarification on Relationship with the NRZ Contributory Pension Fund:
- “NRZ has often been confused with the NRZ Contributory Pension Fund, especially on matters relating to property ownership both within and outside Zimbabwe. The two are separate entities that are accountable individually.”
- “NRZ has no rights nor control over properties owned by the Pension Fund. The relationship between the NRZ and the Pension Fund is that the NRZ is the sponsoring employer and as such, is adequately informed that the fund’s offshore properties are well managed and proceeds are benefiting the membership.”
- On Claims of Extensive Land Ownership in Zimbabwe:
- “There are claims that the NRZ owns and has legal right to 2km land either side of the railway line. Nothing can be further from the truth. The correct position is that 45 metres of land either side of the tracks is regarded as Railway Reserve Land and is legally gazetted as such.”
- Rejection of Property Ownership in South Africa, Zambia, and Botswana:
- “Further to that, the NRZ does not own an inch of land in Johannesburg and has no properties in Zambia and Botswana.”
The NRZ’s declaration adheres to a wave of conjecture and false information spread on systems like X (previously Twitter), where individuals have actually been reviewing the company’s claimed possession of global residential or commercial properties, specifically in the United Kingdom.
The NRZ ended its declaration by dealing with the historic context of its residential property possession, clearing up that properties previously held by Rhodesia Railways were split amongst follower entities such as Zambia Railways Limited and the National Railways of Zimbabwe.
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