By Peter Sinkamba

KCM LIQUIDATION DRAMA: AN INSULT TO OUR COLLECTIVE INTELLIGENCE

Ba UPND Government have one big problem: failure to heed to advice from opposition. And this mischief will cost the party and its government dearly in days to come.

Besides on the issue of cannabis and industrial hemp, we have advised them several times on what to do with the KCM liquidation and Mopani recapitalisation, but they have taken an aloof position, which ultimately will surely be costly.

Let’s take an example of KCM. We advised them publicly that the solution is as simple as President Bally directing ZCCM-IH Board Chairman to withdraw the liquidation process from court.

It is simple as filing a one page notice of discontinuance and a series of abandonment of appeals, and that is it. With an efficient lawyer, it takes less than twenty minutes to draft the notices, and no cost of filing, and that is it.

For, as I have stated several times before, the so called liquidation of KCM, in the current form, is an insult to the intelligence of all Zambian. Through ZCCM-IH, we Zambians have employed Milingo to be in custody, and if need be sale our assets at KCM. And in the processes, we have accussed him that he is a thief; that he has stolen; and we even know the amounts; and we reported him to the Police, who in turn effected an arrest; and we have presented him to court; and whilst the matter is in court, we discover that actually more money was stolen: and we add more charges of theft to the docket; and he continues being in custody of our assets, and selling them while appearing in court. If this not foolishness on our part, then what is it?

For no sane person can continue entrusting vital assets into the hands of sales person who he accuses to be a thief, and is appearing in court.

Instead of UPND government heeding to our advise of abandoning the liquidation court case altogether, they used an untenable route of appointing a receiver while maintaining the liquidation in court.

This what is called wanting to eat with both hands. It is indeed an insult to our collective intelligence.

Now, lawyers to KCM liquidator, Makebi Zulu Advocates, have dismissed assertions that Mr. Milingo Lungu is no longer the Provisional Liquidator by virtue of appointment of a receiver.

In a letter dated 11th March 2022 written to the Administrator General and Official Receiver, Natasha Nsanta Kalimukwa, Makebi Zulu Advocates, stated that her office does not posses such authority and her action stands in contempt of court.

You see how foolish we all collectively look now owing to UPND Government failure to heed to our honest advice ? SMH.