Mpofu told the state entity bosses that as per Cabinet directive, he must be furnished with details of how much they are earning.
He also demanded their individual banking details as well as disclosure of any other secret payrolls which they might be administering for themselves.
"The concept of parallel payrolls if it has occurred in any of your parastatals must be fully disclosed to my office within the next 48 hours with all the bank details, the length of period this has happened and the list of beneficiaries," Mpofu said Tuesday during a meeting attended by all parastatal heads.
Companies failing under his ministry include Air Zimbabwe, the Zimbabwe National Road Authority ZINARA,
The directive comes amid reports of obscene salaries and allowances that are being paid to top executives of state companies while the rank and file wallow in poverty and most of the firms are virtually insolvent.
Mpofu also spoke about the issue of fees that are being paid to board members at parastatals some of which are struggling to deliver on their mandates.
Some of the state entities under his ambit have been in the media for alleged corruption with several current and former Air Zimbabwe executives arrested for insurance fraud.
At Zinara the executive Frank Chitukutuku was recently implicated in a road tender involving millions of dollars.
In a bid to curb the abuse, Mpofu directed that Zinara's cash records be forwarded to his office on a daily basis.
The move will see government having up-to-date data regarding the state of operations, enabling officials to monitor collections from toll gates and vehicle licensing fees.
"As part of the restructuring exercise of Zinara, all operations will be linked to the ministry directly so that the ministry can monitor the organisation's day to day activities," said Mpofu.
"I have to make it abundantly clear to you all that this ministry and particularly my office will not condone corrupt practises, abuse of office or mismanagement of government resources which you are have been entrusted with," he said.
The minister also revealed that he was in the process of reviewing the operations of toll gates in the country to ensure that they generate more revenue for the broke treasury
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