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Trafigura Exposed
THE critical shortage of petroleum products that almost brought Zambia to a standstill between March and April this year was as a result of a corruption scandal in which the country could have lost US$20 million through an oil supplying contract with Trafigura.
Trafigura demanded to be paid an additional $20million on a contract that was varied by a known officer who had no authority to do so.
Government sources have revealed that Government refused to be blackmailed into paying an extra US$20 million above the contractual amount.
Dalbit, the current supplier, came to the aid of the nation to avert and ameliorate the fuel crisis that threatened to bring the country’s economy to its knees.
Sources from the Ministry of Energy have disclosed that a senior official at the ministry connived with Trafigura to corruptly amend the oil supplying contract between Government and Trafigura, which was going to see the country lose an extra US$20 million in the illicit transaction.
Trafigura is the company that was embroiled in another oil supplying scandal which saw Zambia procure 216 million litres of petrol and 21 million litres of diesel at an exorbitant price of US$500 million when the country should have paid US200 million as per the ruling international market prices at the time.
Between 2011 and 2012, Dalbit was among the companies that participated in the tender to supply Zambia with petroleum products and provided the best bid but the contract was controversially awarded to Trafigura that came second in the bidding process.
Posted by Editor (online)
on June 29, 2015. Filed under LATEST NEWS.
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Shaka Zulu
June 29, 2015 at 3:06 pm
The problem we have in Zambia is that there is just too much corruption in the government procurement system.
kwa george
June 29, 2015 at 3:16 pm
And it only becomes corruption when you are no longer in govt
ken
June 29, 2015 at 3:24 pm
Kabimba the Socialist
Hello Haters
June 29, 2015 at 4:09 pm
He is pf in another format, maybe PDF format!
major chileshe
June 29, 2015 at 3:37 pm
Mmmmmm but aint we beatin nigeria in terms of corruption as at nw?
Most anoid
June 29, 2015 at 4:31 pm
Please just mention the names of these idiots. Do these people think Zambia is theirs and only theirs such that they can do what they want?
oildealer
June 29, 2015 at 8:26 pm
CORRUPTION
KC
June 29, 2015 at 8:46 pm
The company is filthy.They dumped toxic waste in a lagoon in Ivory Coast and most of all they are Winter’s freinds.
kayula
June 29, 2015 at 9:06 pm
The best part of it is that the corrupt people atw our relatives or friends who we should stop. sad reading
New Educated Zambia©
June 29, 2015 at 10:31 pm
The PF is the most corrupt party in history of zambia. They make the MMD look like amateurs at theft and corruption.sad state of affairs. in 2016 can we please vote them out
mj banda
June 30, 2015 at 11:32 am
nooooooooooooooooooooooooooo! can we please retire hh????
Kanabesa
June 29, 2015 at 10:38 pm
so is da price of fuel reduced wt immediate effect?
The spartacus
June 30, 2015 at 4:08 am
The all system in gov is rotten that’s why th ordinary people will continue to live in abject poverty whilest those in power ar amassing wealth, during RB’s tym it was Dora’s son K2b in acct, a big fool buries K2b at U/G we try to change th gov a single mouth gobbles K2b..en she is even complaining ukwabula no luse kubalecula..
Cool Voice
June 30, 2015 at 5:15 am
Only Mwanawasa tried to level down corruption.he dealt with corrupt pipo without fear or favor.
Famous idiot!...
June 30, 2015 at 7:20 am
Umuntu ni Mwanawasa ifyashala ni mbushi sha mipamba nameno 102 mukanwa!…