Edith Nawakwi facilitated the purchase of two Lima Bank properties to her husband during privatisation.


By Richard Aaron Ngoma 
In what may turn out to be a clear case of corruption and insider dealing, former Finance Minister and FDD President Edith Nawakwi facilitated the purchase of two Lima Bank properties to her husband Geoffrey Hambulo, during the privatisation process which as Finance Minister under late President Frederick Chiluba, she was in charge of.
Records at Ministry of Lands show that plot no.54 Zambezi Road in Roma and Radio Sky FM building in Monze, belonging to Mr Hambulo, were formally owned by Lima Bank. It is yet to be established whether Edith Nawakwi declared interest as stipulated by the privatisation law when the Lima Bank properties were purchased by her husband, when she was the presiding public officer as Minister. 
Ms Nawakwi has accused UPND President Hakainde Hichilema of having benefited from the privatisation process after she accused him of having bought a house belonging to Lima Bank in Kabulonga’s Serval road. Hichilema debunked the claims and provided evidence that he bought the property on an open tender and that, it formally belonged to Tobacco Board of Zambia, and that the transaction was effected two years before the privatisation law was enacted by the Zambian government. Hichilema has since sued Nawakwi for defamation in the Zambian High Court.

ReplyForward

2 Comments on “Eastern Province Chiefs Refuse to ban UPND.”

  1. Maambo
    June 9, 2017 at 11:50 pm #

    Maambo
    It s unfortunate that the people who call others tribalist, are hypocrites. They themselves are real tribalist.

    Liked by 1 person

  2. OneNation
    June 11, 2017 at 8:13 pm #

    Unlike Chiefs from other regions, the Eastern Chiefs have responded to this nonsense in very clear terms. One would have hoped other Chiefs would have also reprimanded their subjects when they spewed nonsense and all the mess we are in now would have been avoided. But do not add your stuff ba Watchdog – did Senior Chief Nzamane refer to the President in his reprimand of Edwin Sakala?

    Liked by 1 person

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: