Ozias Bvute is a Zimbabwean entrepreneur and non-executive board member of Metropolitan Bank and board chairman of the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ). He also served at various capacities at Zimbabwe Cricket. He was elected Member of Parliament for Goromonzi North in the July 2018 elections.
|Political party||ZANU PF|
Ozias Bvute holds a Bachelor of Commerce degree specialising in Banking & Finance from University of Puna, India
In 2001, Bvute was appointed to the then Zimbabwe Cricket Union as head of the Integration Implementation Committee, putting him in charge of the union's integration policy relating to the advancement of black players. He became the head of marketing at Zimbabwe Cricket before he resigned. He is a non executive director at Metbank.
Contested in the 2018 elections as a member of the ZANU PF and he won becoming Member of Parliament for Goromonzi North
Scandals and Controversies
Closure of SME Bank in Namibia
Bvute was a board member of the Namibian, SME Bank, when it was taken over by the Bank of Namibia in March 2017 after the central bank unearthed information citing 'risky investments' the SME bank had made in South Africa. The CEO of the bank was Tawanda Mumvuma. Enoch Kamushinda was a fellow board member. The incident in March 2017 was not the first time the bank had been found to be in violation of corporate governance. In October 2014, the bank was considered to be "in shambles with mounting losses, no audited financial statements and fuzzy ownership by the supposed technical partners, who spearheaded its establishment."
$6 Million Scandal
While still at Zimbabwe Cricket Bvute was accused with Wilson Manase and Paul Chingoma of having mismanaged $ 6 million US dollars which had been given to Zimbabwe Cricket by the International Cricket Council, by investing it in a bank on whose board they sat. The money was said to have been part of a usd 9 million loan meant to service the debt Zim cricket had with various local banks. It is said that one of the key conditions attached to the loan stipulated that Zim Cricket would use the funds to pay off its existing debt but Manase, Peter Chingoka and Ozias Bvute went on to invest $6 million in a non-interest bearing account at Metbank.
Time At Zimbabwe Cricket
Bvute tried to get Andy Flower dropped after he had also donned a black armband, a move which was thwarted when several leading players threatened to refuse to play. A few days later he kicked Henry Olonga off the team bus and ordered him to stop wearing Zimbabwe cricket kit.
In April 2004, Bvute announced that Dion Ebrahim, of Asian descent and classified black for selection purposes, would be reclassified as white, thus limiting places in national teams to four white players. Heath Streak objected, and Bvute demanded that Chingoka sack him.
In the same month, he was involved in a public scuffle with Steve Mangongo, the chairman of selectors. Witnesses say that Mangongo was arguing that he had to have the freedom to pick the best side, white or black, while Bvute told him that he had to "pick who he was told to pick". Mangongo, stood down four months later, and was replaced by Bvute's close ally, Max Ebrahim.
When Pommie Mbangwa, a former Zimbabwe international turned commentator, dared to criticise the team Zimbabwe had fielded, Bvute stormed into the media box and told him that he was sacked. He later relented. And when Zimbabwe were humiliatingly bowled out for 35, Bvute reportedly turned on the groundsman and blamed him for preparing a pitch designed to embarrass the Zimbabwe side.
Crowhill Farm Saga
Bvute assumed ownership of Crowhill Farm in 2015 after securing a consent order with developer, Cephas Msipa Jnr son to Cephas Msipa, who had been selling residential stands since 2007.
After securing the order issued by High Court judge Justice Chinembiri Bhunu, the Crowhill farm owner ordered residents to stop all construction work and pay $300 to register with him. He was arguing that the title deeds residents got from Msipa had been obtained fraudulently. This would be followed by revaluing of stands so that residents would pay the difference. The residents approached Tazorora Takunda Goto Musarurwa of Mambosasa Legal Practitioners to challenge Bvute’s orders, giving him 10 days to file a notice of opposition.
Today's Top Pindula News2019-04-25T18:56:49Z
- Ozias Bvute - Non-Executive Director, Metropolitan Bank, published: No Date Given, retrieved: June 24, 2016
- Ozias Bvute - The power behind the throne, Cric Info, published: September 30, 2004, retrieved: June 24, 2016
- Ndama Nakashole, BoN takes over SME Bank, The Namibian, Published:2 March 2017, Retrieved: 2 March 2017
- Tileni Mongudhi, Govt tightens grip on SME Bank, The Namibian, Published:14 oct 2014, Retrieved: 2 March 2017
- Nomalanga Moyo Zim Cricket bosses in $6 million loan scandal, Nehanda Radio, Published: Mar 4 2014, Retrieved: January 7, 2015
- Bvute, Crowhill residents saga deepens, NewsDay, published: June 27, 2015, retrieved: July 4, 2016