Community Trust Fund is a fund whereby communities living in areas where the mining companies exploit natural resources get shareholding in the companies.
So far mining companies such as Zimplats in Ngezi, Unki Mine in Shurugwi and Mimosa in Zvishavane have given shares to the communities in line with the controversial indigenisation drive by President Robert Mugabe and his Zanu (PF) party.
Traditional Chiefs are the ones managing the Community Trust Fund in their respective areas.
However during his speech to close the four-day Annual Chiefs conference in Bulawayo on Friday Nkomo blasted the chiefs saying some are using Community Trust Fund for self enrichment instead of giving the money to the community.
“We hear some traditional chiefs are now claiming they bought their own shares in the diamond and platinum mines through community shares. Those shares are not for you, but for the people in your community. You should work for the people.
“You should serve the interest of the people as a chief not to become selfish. Those community shares in mines are for development in your areas,” Nkomo told the chiefs.
Nkomo also shot down traditional chiefs demands saying they should not be “lazy” and learn to work hard.
Last Wednesday during the same traditional chiefs’ conference the chiefs demanded farms, increase in their allowances ,a share in Community Development Fund (CDF), guns, free duty on vehicles, body guards during elections, and diplomatic passports among other things.
“I heard you are making some demands, like an increase in your monthly allowances, but what I want to tell you is that, if you want money you should work hard especially in farming. I repeat it again if you want money be serious with farming. President Mugabe gave you land so work hard in your farms and get money,” Nkomo said.
Nkomo also urged the traditional chiefs to support Mugabe in the upcoming elections. This year traditional chief’s annual conference which ended Friday was attended by 257 out of 270 countrywide.