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RB ACQUIRED Property Worth $US 700,000 Three Months AFTER Being Elected President
EMBATTLED FORMER republican President has been linked to money laundering and abuse of office in relation to the purchase of plot No. RE/A/29/488A leopards Hill road, Kabulonga.
Sources knowledgeable about the transaction have disclosed that Banda acquired the property about three months after becoming president for about US$700,000 and demolished what was there to build a multi-million dollar complex of 12 villas.
Sources say this was clear corruption and money laundering by the former president.
“This is why these guys were in a hurry to remove the abuse of office clause from the Anti-Corruption Commission (ACC) Act. How was Mr Rupiah Banda going to explain how he got the money to buy the property, demolish and build his multi-million dollar complex, if the abuse of office clause had remained ?,” Wondered the source.
“These transactions that Rupiah Banda got in will embarrass him.”
The embattled leader has been advised by former confidant Lameck Mangani to come out in the open and explain his involement in alleged dubious transactions.
Commenting on Gold scam revelations that Banda’s former press aide Dickson Jere introduced gold buyers to the Drug Enforcement Commission (DEC) and immediate-past commissioner Aaron Zulu, former home affairs minister Mangani said all the people who were involved in the gold sale should come out and tell the truth to the nation.
He said there was no way DEC could be a transaction centre of gold.
‘Now that State House was fully involved, the former president must come out in the pen. What does this mean because now Dickson is being linked, heavily, to this? Was Dickson acting alone or he was being sent?,’ said Mangani, a one-time Banda confidant but now a member of the ruling Patriotic Front (PF).
Posted by Editor
on November 8, 2011. Filed under HEADLINES, LATEST NEWS.
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Big Z
November 8, 2011 at 10:38 am
can someone please let us know what the presidents salary is?
Ben
November 8, 2011 at 10:46 am
This is not true, the pf government is just deparate 2 put RB behind bars. This story is fabricated
Tk
November 8, 2011 at 10:46 am
This is not conclussive, he could have acquired a facility facility to finance the project. We need full facts to make an informed opinion.
Ree The Don
November 8, 2011 at 10:46 am
Iliko bad for alabi
Wren
November 8, 2011 at 10:50 am
Arrest that old man please!
Drug lord
November 8, 2011 at 10:51 am
Did he get his gratuity after 3 months or what? Zambia is not a poor country indeed if we have such money why is our economy in shambles?? surely tax payers money is being misappropriated heavily. I cant help thinking politicians just want to enrich themselves very few want to improve the well being of Zambians if at all we have any..
Government need serious auditing by an independent(external) auditing firm if we have to avoid such acts by RB & MMD. its our money we need to know how it is being spent
Sir Simunyola
November 8, 2011 at 10:52 am
Thats why I DONT VOTE, coz I know these guys are there for their personal (and families’) gains. more ‘money in the pocket’, my foot! we will wait and see. All those who voted for RB share the blame for the old man’s misdeeds, just as all those who voted for mr MCS share the responsibility for thr blunders we are seeing in the first 90 days!
Pioneer
November 8, 2011 at 10:52 am
RB, now the “Embattled” former president. What a life, No peace of mind. Katwishi nga mukashilya bwino isho mwaiba mbuya. You stole excessively and uncaringly.
prof.*****
November 8, 2011 at 10:57 am
Thats why we voted him out of power coz of his corrupt deals.Had he gone thru on sept 20 Zambia would have been dancing to the tune of his corruption.
Samlindo
November 8, 2011 at 10:58 am
IMMUNITY MUST BE REMOVED WITHOUT FAIL
impwa
November 8, 2011 at 11:01 am
let him xplain we ordinary zambians we are having one meal wth impwa a day he was busy stealing.aloba ilyauma
Pierre et Seydou
November 8, 2011 at 11:19 am
Bon jour tous le monde. What were his conditions of service? It is not unusual to get a job and demand a new house. So before we get xcited about shoving Alabi into Jere, lets consider what he was entitled to.
Muzowest.
November 8, 2011 at 11:20 am
Cage the alabi.
Jamule
November 8, 2011 at 11:26 am
Gentelemeni, i have jst discovered something, check your Fifty and twenty pin notes carefully, the printing company used to be Thomas Dera Rule but now there is a new company trade mark on these notes, can sombody tell me how the contract was changed from dera rule to this new one. is it not money loundering. nowonder our kwacha could not appriciate no matter how much copper we export. Balilyamo bafikala.
Jamule
November 8, 2011 at 11:27 am
Gentelemeni, i have jst discovered something, check your Fifty and twenty pin notes carefully, the printing company used to be Thomas Dera Rule but now there is a new company trade mark on these notes, can sombody tell me how the contract was changed from dera rule to this new one. is it not money laundering. no wonder our kwacha could not appriciate no matter how much copper we export. Balilyamo bafikala.
spin
November 8, 2011 at 11:34 am
wats wrong with that jst becoz he is rb ?sum m pz av mo property than that so just move on we ar aredy in power
Legend Killer
November 8, 2011 at 11:35 am
leave this old man alone and let him enjoy his retirement. he has stories to tell his grandchildren how he toured the world in 3years & he also has Thandiwe to satisfy in bed. leave him alone & stop witchhunting as though u’re holy yourself chi Mangani chitole chobe.
THE SAINT
November 8, 2011 at 11:40 am
3 months after he became President. Oh, my! All this time people have been quiet and now 3 years later they come out and say this. There is a whistle blower’s Act which allows anyone to say something, so why didn’t anyone say so while this man was President? Abuse of office Act has nothing to do with theft. A person cannot steal and hope to be protected because there is no abuse of office close. This is just preposterous!
mwanakapoba chiingu
November 8, 2011 at 11:44 am
and yet some people do not appreciate Sata’s efforts to fighting corruption.RB is a putrid thief.
allergic to corruption!
November 8, 2011 at 11:45 am
What is so corrupt about getting a loan from a bank and developing property? Zambians have been reduced to petty thinkers by this corrupt Fred Mmembe who sees nothing wrong in corrupting the morals and perceptions of the Zambian with his Post. Zambians weak up!
Zilete
November 8, 2011 at 11:45 am
Point of correction, they are 16, not 12. I c them omost everyde and one blower told me they were 16. I wl count them again to be sure, but am very sure they r 16! When u r ku roadside, they actually look 4 or 5, but when u cast a wishful eye, u get a little shock!
Drug lord
November 8, 2011 at 11:45 am
Iwe Pierre et Seydou what ever you are, are you related??the article says he acquired the property about three months after becoming president for about US$700,000(ZMK 3,360,000,000.00)
Who gets that kind of money in 3 months, not even his gratuity for 3 months would amount to that.If he got a load somewhere he should say so, but that was pure misappropriation of public funds.
Kolwestan
November 8, 2011 at 11:47 am
To establish that he stole we need to know the source of the $700 0000 otherwise the story falls flat.
ferdinand mwanza
November 8, 2011 at 11:58 am
cud som1 plz say somthng abt the solar gysers program tht some of us were intervud on jst b4 elections nd yet i hvnt seen neitha read on any paper tht ppo hv bn employd.ar our names stl pending 4 current regim s decision to do away wth us youths nd rub our thumb print?or i wait 4 the budget so tht zesco tels us wht wil nd nt happen.we nid those jobs as thy continue teezing us wth our papers rotn
Doubleble
November 8, 2011 at 12:01 pm
$700 000 within 3 months is too much, he must b probed.
Pierre et Seydou
November 8, 2011 at 12:15 pm
Drug Lord, I was happy at my farm with 3 goats and a munkombwe (no hens, too broke to buy a hen for the cock) then u woke me up and said come to town. I liked what I saw when I came to town and got involved in the biz just like Henry K and TJ. Remember I was promoted from vice to acting to real presido and Teta increased our salaries by some % I cant remember!!!
Pierre et Seydou
November 8, 2011 at 12:17 pm
I am also on the waiting list for a solar geyser. I hope to get it before the Ozone layer disappears altogether! Or indeed before I have running water in my house.
Galamukani
November 8, 2011 at 12:24 pm
But while there might be issues here, I think we should not ignore the fact that RB was VP from October 2006 and that he acted Presido for 3 months before his election to the office of Presido. With that in mind, i don’t see him failing to acquire property worth K3.5 bn with his third presidential salary, correct me if i’m wrong. These are non issues. We need real issues and not witch-hunting issues that are already water under the bridge.
messenger
November 8, 2011 at 12:26 pm
Life begins at 71
Dien
November 8, 2011 at 12:27 pm
I THOUGHT BEING VEEP FOR 2.5 YEARS WAS LONG ENOUGH TO ACCUMULATE THAT AMOUNT. IF STILL NOT ENOUGH, HE COULD EASILY GET A LOAN BEING PRESIDENT AT TIME. HOW MANY ZAMBIANS NOWADAYS BUY CARS WORTH K100m 3 MONTHS AS CIVIL SERVANTS ON A K5.5m SALARY? NEED THEY BE PROBED TOO? EVER HEARD OF THE TERM “LOAN”?
I DONT SEE NEWS HERE!
Miya
November 8, 2011 at 12:31 pm
rb confessed that he will be arrestd and jailed. Do you think he didn’t know what he was talking about. Of course he knew what he had done
Pierre et Seydou
November 8, 2011 at 12:44 pm
If 2.5 years later he could afford to give every minister 1,000 bicycles for personal use, could he fail to build 16 villas for himself, ehh, Chester Missing?
ZIONEKE
November 8, 2011 at 12:46 pm
This is all rubbish and it shows the calibre of the Sangwapo government we have put in place. Why can they learn from Levy if at all they have some gray matter in what is between their shoulders. Levy quietly gathered data, played around with it and then went to parliament to present the case for parley to remove immunity on FTJ. Now these guys are just rushing to the press for anything rumour they get before analysis and at the end of the day the Sangwapo gvt is being embarrassed. Look at the so called “Gold Scandal” and what is comng out now! They are even quoting the current price of gold on LME instead of the price at the time this gold was being sold. Poor strategy!
Mwadya Mweka Daddy (MMD)
November 8, 2011 at 12:46 pm
@ Galamukani, you always think with your balls on all corruption topic that comes up on the blog. You seem to have your feet in the air and hads on the ground yo agree with RB being able to acquire K3.5 billion. I can assure you that RB will have to account for this money sooner or later and it does not matter what most of his supporters say or think! It is time to either enjoy a peaceful retirement if RB was honest and of high integrity or dance to the tune of being a crook. No wonder these idiots ammended the constitution to remove the abuse of office clause despite most stakeholders being against the move. @ Jamule, I have also just noticed that my old K50,000 bill has De La Rue as printer while the new note has GD Griesecke & Devirent. WHEN DID WE CHANGE OUR MONEY PRINTERS?
RB WAS SURELY CORRUPT AND THAT IS THE MAIN REASON WHY HE LOST ELECTIONS!
chichi
November 8, 2011 at 12:51 pm
rb said if sata wins how cry do you know want he met the old man store.
patriotic
November 8, 2011 at 12:52 pm
let him be investigated and alobe. he was chewing our money na ka Thandiwe ka muzukulu kake.
mengo
November 8, 2011 at 12:57 pm
Galamukani. Then you must be seek in your head.Are you sure you see nothing wrong with this.Do you smoke crack cocaine?By the way, he was vp for two years.Even if he was a vp for 5 years he wouldn’t have that kind of money to by a property like that one. we all know that before he became vp, the old man was on rocks.
Amake Boyi
November 8, 2011 at 1:06 pm
Ask Maureen and Magande, they knew where this secret account was held when Mwanawasa died.Mwanawasa is partly to blame for this $700,000. Why has that arrogant Maureen when first lady become quiet? Ok Ask them……………….?
Sir Evol Akapondo
November 8, 2011 at 1:13 pm
Thats why we wont develop pa zed because of these crooks so called ba presidents,they take us for granted that we are the christian nation.God will punish them wait judgement is near,let them steal from us poor and they look angels in our eyes,but one day things will be bad.RB jst in three months he misused that alot of money at the expense of us poor zambians.Remember the story of Lazarous in the new testament[ bible] after death.Let us look dull and foolish in their eyes and good in the eyes of God.He gave us wealth in this land regardless of who we are,but they have divided themselves thinking they are more human than others.Its their time,ecclesiasts 3 vs 1-8
ester
November 8, 2011 at 1:28 pm
Mudal ale tontonkanya upside down, how could he think of putting geysers for people in compunds that don’t even have running water, the tuma water pipes if any are blocked.
ester
November 8, 2011 at 1:31 pm
RUPIAH KAPONDO, navionnelanji,money at my disposal, manipulate the contitution, “removal of abuse of office”.
Rupiah Banda jr
November 8, 2011 at 1:39 pm
Tumfweko you should be posting facts not rumors!!! So what??? He got a loan…Nomba Ninshi?
maloza
November 8, 2011 at 1:40 pm
Aba bafikili banaba maningi mahafu let them be arrested!
Wanu Ngwee
November 8, 2011 at 2:05 pm
CORRUPTION IS CORRUPTION Whether committed by an incumbent or former president. And whether pursing it is a witch hunt or not does also not matter, the only thing that matters is whether it is true that state resources were misused, misapplied or just stolen because the essence in pursuing it is to recover what belongs to the Zambian public. The benficiary of any monies recovered is us the commoners. Look, we do not know how many pensioners have not received their money coz RB bought property OR many council workers have gone months without pay as a result of this, so examples of the pain and suffering this deal may have inflicted on Zambians are endless!
The Vendor himself
November 8, 2011 at 2:15 pm
Ubomba mwibala alya mwibala
Amwizyo
November 8, 2011 at 2:23 pm
Nenze kubauzya amwizyo, tiyeni ‘tokulya’ pamo, mwaona lomba musiyenabana ku..??
Sam
November 8, 2011 at 2:34 pm
this is very poor reporting. In America the newspaper would lose millions of dollars for such a poorly researched story.
Mangani is also very dull why request RB to explain, why not just quietly gather all the facts and Get him to court. B4 gathering enough procecuteable evidence Govt must remain quiet!!
Framuka
November 8, 2011 at 2:41 pm
RB is corrupt, so is his family. Anyone who supports corruption must be insane.
RB showed it to Zambians the love he had for money by becoming a “human bird”. The first few months he was in office, he was just busy flying from one country to another. Even then, the allowances he was making were not enough to come up with such buildings. In addition to that, Tandiwe was also busy receiving money from Ministry of Education. RB as the president then could not see that his wife was stealing from the government besides receiving allowances for being First Lady. RB and the entire family niba pompwe (thieves).
yakakana
November 8, 2011 at 2:48 pm
Ba Jamule
Good point I can’t see the printer’s name on any Zambian Kwacha note, am I blind?
Galamukani
November 8, 2011 at 2:56 pm
Guys thanks for your insults. I don’t think it’s a normal thing for a sane person to insult someone unknown to him in that manner. How can one think with his balls, Mr ‘Mwadya Mweka Dady’ kindly educate me how you do it. What I was saying is that for RB to be appointed VP, Levy should have nominated him as MP first. Being an MP for 2 years attracts gratuity. During the time he was an MP, he got paid sitting allowance per occasion. How many trips did he undertake both within and outside the country which also attracted out-of-station allowance. At VP level, this is not thousands but millions of Kwacha. A simple cumulation of these revenues as well as the VP salary might leave you with just K500m to account for.