SATA Dissolves ZNBS Board With IMMEDIATE EFFECT

REPUBLICAN President Michael Chilufya SATA has with immediate effect dissolved the Zambia National Building Society (ZNBS) board.
Mr. Sata said there was so much corruption at ZNBS.
Mr SATA wondered how such an ineffective institution could pay their managing director K56 million as salary per month.
The President Sata has since instituted a commission of inquiry to probe operations at ZNBS to be headed by Mwila Lumbwe.
The President was speaking this at state house Friday 11/11 mid-morning when he swore in Mumba Malila and Rosalyn Wandi as Attorney General and Ant-Corruption Commission boss, respectively.

Posted by Editor on November 11, 2011. Filed under LATEST NEWS. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

23 Responses to SATA Dissolves ZNBS Board With IMMEDIATE EFFECT

mwansa musalilwa

November 11, 2011 at 2:18 pm

Wapya baisa !
PF2011

November 11, 2011 at 2:20 pm

Us farmers in Itezhi tezhi district in southern province have not received our money from FRA despite Gov’t directives that we should have been paid by the month end of October. Therefore I’m requesting those with spouses, children, faience’s, relatives and friends in government to tell them so that our money is paid to us. Pliz assist us as the rains have started and we need to by inputs, seeds etc. God bless you all.
Wren

November 11, 2011 at 2:21 pm

We expect more clean ups Mr. president.
Ndundundu

November 11, 2011 at 2:34 pm

Mumba Malila is best choice ba mudala..thnx.As for ZNBS,let the com of enq unearth any rot though i think Mama Muneku hz tried under very difficult circumstances.Infact the K56m salary is peanuts compared to other parastatals.We are also eagerly awaiting the Zamtel report sir.
zed power

November 11, 2011 at 2:52 pm

AM tired of this dissolving and setting up of commissions which are not giving us any reports…we know all these dissolution is to prove way for his family tree gain employment
Critique

November 11, 2011 at 2:59 pm

Another commission? Mr. President, we need results not commissions of inquiry.
David M

November 11, 2011 at 3:03 pm

Veelleh Goooduh!!
Atleast som money wil serv as salaries 2 civil servants who get the minimum pay. Allaaah!!
El Nino

November 11, 2011 at 3:20 pm

Bombelenipo Bakateka!!!!
katongo

November 11, 2011 at 3:27 pm

Hope we get the desired results from these numerous commissions.
Monica Mvula

November 11, 2011 at 3:35 pm

twatasha pamibombele yenu bakateka ni more money in our pockets.
DK

November 11, 2011 at 3:39 pm

THANKS MR PRESIDENT FOR DISSOLVING THIS USELESS BOARD!
IQ

November 11, 2011 at 4:04 pm

LATEST NEWS, K2,000,000
IQ

November 11, 2011 at 4:08 pm

LATEST NEWS K2,000,000 TAX FREE
ichalo

November 11, 2011 at 4:11 pm

awe sure K56 alya mayo pafula, baisasa musha fye beka ama directors new vehicles, more properties mortgages approved same day… staff takes months.. loving this!!!!!!
mwansa

November 11, 2011 at 4:33 pm

umuntu mubi awama fye nga nalala
RT

November 11, 2011 at 4:38 pm

This is wat zambia needs…I think 90 days is too much.Our president has done it…
Ras. Bob Funk

November 11, 2011 at 4:56 pm

IT IS SO WONDERFUL TO HAVE A K2 MILLION TAX FREE MONEY BUT WHAT WE WANT NOW IS MINIMUM WAGE ACROSS ALL SECTORS.THERE ARE PEOPLE GETTING LESS THAN K500,000.00 PER MONTH.MR. PRESIDENT POWER COMES FROM THE PEOPLE WHO ARE HAPPY WITH SALARIES, SO LOOK INTO THIS ISSUE.
SOME EMPLOYERS HAVE NOT PAID THE NEW NEW K419,000.00 UPTO NOW.LET THE PEOPLE WORK AND GET WHAT IS DUE FOR THEM.WE HAVE SUFFERED FOR A LONG TIME ON THE HANDS OF THESE SO CALLED GOOD GUYS.
Wanu Ngwee

November 11, 2011 at 5:10 pm

MUMBA MALILA MUDALA CONGRATULATIONS TO YOU! THIS PROVES THAT YOU CANNOT BRING A GOOD MAN DOWN. MALILA IS A GOOD, WELL EXPERIENCED, WELL SPOKEN, COMPETENT, PLEASANT AND FIT-FOR-OFFICE LAWYER! BIG YOU UP WITH MR. SAMPA IN YOUR OFFICE!!
kennedy chisanga

November 11, 2011 at 6:17 pm

go forward mr pres.stamp out corruption.you are a president of all zambians now.
Nak

November 12, 2011 at 12:19 am

Ala its not easy to establish a government after taking over from thieves. Ichalo cha Zambia was spoiled so much that it is is so difficulty to know the underlying problems of these organisations or parastatals. You people condemning commisions of enquiry what would you do if it where you? Even a medical doctor does not treat a person without diagonising a problem. If a doctor treats a patient without diagnosis, I guess he will just be treating symptoms and not the disease. this is the situation with our new President MCS. Right now he is trying to find a cure for the diseases affecting Zambia but without finding the source of the problem, all he will be treating will be symptoms and no the diseases. Let him know wht went wrong in all the areas. I guess the reports will be given to you in due time. Its just barely 2 months since he entered office and I guess an enquiry is not somthing you would rush through if you want comprehensive and conclusive information. Give him time he will give you the reports.
Kabwe

November 12, 2011 at 3:10 am

@ Nak, that is very true. We can only start complaining after reports are submitted to the powers that be and no action is taken.
philosopher

November 12, 2011 at 5:55 am

Awe bane,complaining about commissions of inquiry is a sign of ubwaice.A lot is at stake in these organisations.You cant just wake up one day to start arresting people and change organisational structures without knowing what went wrong even if ni bu Man of action.He is on the right path.Guys we are so far on the right path and in the right hands.
Junior GBM

November 12, 2011 at 7:40 am

Madam Muneku from the Mwanawasa family tree and Ms Miti long time employees of ZNBS bye bye polio.