The chief executive officer of Omama Finance (Private) Limited, Denias Matsenhuke, 31, has appeared before the Harare Magistrates’ Court facing fraud charges after allegedly diverting loan repayments amounting to US$3 298 for personal use.
Matsenhuke appeared before provincial magistrate Ruth Moyo and was released on US$200 bail pending trial.
According to the State, represented by prosecutor Lawrence Gangarahwe, the alleged offence came to light during a strategic meeting held by the company on November 29, 2025.
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During the meeting, the company’s finance director, Tapiwa Mangwanya, raised concerns over discrepancies in financial records relating to client loan repayments.
A subsequent internal audit revealed that several clients who were listed as having outstanding balances had, in fact, made full or partial repayments directly to Matsenhuke between March and November 2025.
The court heard that instead of remitting the funds to the company, Matsenhuke allegedly converted the money to his own use.
After the discrepancies were uncovered, the matter was reported to the Zimbabwe Republic Police at Harare Central Police Station, leading to Matsenhuke’s arrest.
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