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Thursday, October 28, 2021

DEC not ready for KCM Provisional Liquidator Milingo Lungu case

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KONKOLA Copper Mines (KCM) Provisional Liquidator Milingo Lungu this morning showed up at the Lusaka Magistrates’ Court in the company of his lawyers Sakwiba Sikota, Makebi Zulu and Moses Chitambala.

However, chief resident magistrate Dominic Makalichi did not have the docket for the case.

State counsel Sikota told the magistrate that officials at the DEC had advised their client to appear in court today for allocation of his case.

However, the DEC prosecutors were not before court.

The court said the State will notify him on the date he will be expected in court.

Lungu was arrested by the Drug Enforcement Commission (DEC) last month and was charged with obtaining US$2.2 million by false pretenses and also theft and money laundering charges involving K110 million and US$250,000.

And Sikota told journalists that the State was not ready as they rightly heard for themselves in court.

In Other News – Zambia secures debt relief

With Zambia’s external debt standing at US$14.48 billion, Government has signed a Debt Service Suspension Initiative (DSSI) with a number of lenders to avert defaults and allocate more funding to health and education.Situmbeko Musokotwane Minister of Finance Situmbeko Musokotwane put the country’s external debt at US$14.48 billion, which includes US$1.57 billion by...Learn more

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