FAITH MUSONDA’S K65M WAS USED FOR UNZA BURSARIES -SYAKALIMA
By Mary Kachepa
Education Minister DOUGLAS SYAKALIMA says the 65 million Kwacha that was forfeited to the state by FAITH MUSONDA was used to increase loans and bursaries for students at the University of Zambia.
Mr. SYAKALIMA says the channeling of funds to students loans was announced at a joint briefing Finance Minister SITUMBEKO MUSOKOTWANE.
He was speaking in Lusaka today when he flagged off the distribution of 500 single seater desks, and 176 bunker beds to Ikelenge Boarding school which was opened on March 1, 2023.
All this just raises more questions than answers, one glaring anomaly is the letter from the Ministry of Finance has no date! Secondly government money inflows are not handled in that way! Even little things like sales of cattle or pigs at a government agricultural institution like the Natural Resources Development College (NRDC) the money has to be deposited in the general treasury account! Never can money just be given to the Ministry of Education by the Ministry of Finance without it passing through treasury, because all financial transactions have financial control codes and these are allocated from Treasurer Generals office. These codes are important for auditing purposes and amount of monies allocated, disbursed and amounts actually used for planned activities! Now here this situation where K65M didn’t even go through the Treasurer General’s office , meaning that money is not even coded! How are Auditors going to audit expenditures that have no codes and expenditure profile? There’s more to it than meets the eye! And surprisingly Mr. Hichilema has already come to the defence of his Ministers barely 24 hrs later! What is the fear! The walls and doors and ceiling boards have got ears and eyes, so just wait and see!
My former Lecturer, Sir, kindly refer to the financial records of the time.
Manganga you are too much of lies. The money being used for DTUDENT BURSARIES WAS MENTIONED AS FAR JANUARY if not IAM NOT mistaken