Sunday, December 20, 2020
Friday, December 18, 2020
ONO SAVINGS AND CREDIT ASSOCIATION INVESTORS TO GET THEIR MONEY
The Drug Enforcement Commission (DEC) and the
Bank of Zambia (BoZ) have made substantial progress in the matter regarding Ono
Savings and Credit Association (OSCA) as A plea agreement has been concluded
with the promoters of OSCA pursuant to which the seizure of the accounts has
been lifted by DEC following a directive from the Director of Public
Prosecutions (DPP).
Under the Plea Agreement, Ono Savings and
Credit Association has been ordered to pay the investors the money they
deposited into the company inclusive of interest.
OSCA is also required to recover the loans owed
to the entity.
Other terms of the Plea Agreement include the
requirement for Ono Savings and Credit Association to periodically report to
the Anti-Money Laundering Unit of the Drug Enforcement Commission and to the
National Prosecutions Authority (NPA) on the status of its obligations under
the said agreement.
Members of the public with claims are advised
to contact Ono Savings and Credit Association.
The Drug Enforcement Commission and the Bank of
Zambia have called on the promoters of Ono Savings and Credit Association to
comply with all the terms of the Plea Agreement and ensure that the interests
of investors are duly protected.
And the issue regarding Comsave, the matter is
still under consideration by the Director for Public Prosecutions.
The statement has been issued by the Public
Relations Unit of the Drug Enforcement Commission and the Communications
Division of the Bank of Zambia.
In July this year The Drug Enforcement
Commission (DEC) in collaboration with the Bank of Zambia has seized the
accounts of Comsave Credit Union (Comsave) and ONO Savings and Credit
Association (OSCA) for alleged Money Laundering offenses.
Ends/////
Monday, November 30, 2020
ATPSUZ HAILS THE 8 PERCENT SALARY INCREAMENT FOR WORKERS
The Agriculture Technical and Staff Union of Zambia (ATPSUZ) says looking at the prevailing economic fundamentals coupled with the covid19 pandemic, the 8 percent salary increment for public service workers is justifiable.
Union General Secretary Joe Kamutumwa notes that the negotiations came at a time when there is a serious crisis of the coronavirus pandemic.
Mr. Kamutumwa has underscored the need for the sector to rise above the challenges and save the economy.
Mr. Kamutumwa believes agriculture is a vital sector towards economic recovery which can enable the country to earn foreign exchange.
In the meantime, he has noted that the issue of unfreezing of frozen positions in the miniseries of livestock and fisheries and agriculture is very critical as it will go a long way in motivating their members.
He says the exercise will have multiplier effects on other conditions of service such as addressing the issue of acting positions.
"The Union is more more than ready to work with the two ministries to help in ironing out most of the grievances facing our members," says Mr. Kamutumwa.
The Union leader has since called for the review of the farmer's input support program and the electronic voucher system in view of changing times.
Ends//////
Saturday, November 14, 2020
Monday, November 2, 2020
Tuesday, September 22, 2020
THE RHINO STRATEGY CAN HELP TOURISM GROWTH IN ZAMBIA
By Patrick Soko
The World Wide Fund for Nature (WWF) in Zambia is calling on the government to fully implement the National Rhino strategy as increased Rhino populations will also support tourism sector growth.
WWF Zambia Country Director Nachilala Nkombo has also appealed to the government to ensure that the 2021 National budget provides clear resourcing for the protection of endangered species such as the Black Rhino by ensuring that implementation of the national rhino strategy can be realized.
She anticipates that the 2021 budget will respond to building stronger resilience for our tourism sector, given the impacts and shocks suffered as a result of the C-19.
The WWF Zambia Country Director says given the importance of protecting this species, all critical stakeholders, and the general public needs to provide an enabling environment for the species to thrive.
She said this in a statement to mark the commemoration of the World Rhino Day that falls on 22 September each year
#GANGS DEFUSED IN #JOHN #HOWARD WARD 3
Friday, August 14, 2020
The #Presspoet Demo Project #launched Tiled #Covid19
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