M’membe, Nchito still owe K38 bn

Director of Public Prosecutions (DPP) Mutembo Nchito and his business partner Fred M’membe who is Post Newspaper proprietor must pay back the K38 billion Development Bank of Zambia (DBZ) because it was obtained through fraudulent misrepresentaion, with no intentions or ability of paying back, political activist Dante Saunders has said.

It was for this reason, Saunders said that Zambians had petitioned parliament and the Minister of finance to place on permanent record the demand for the money to be repaid because it was obtained irregulary.

Saunders said it was sad that Parliament, which had set its own precedence on debating matters that were before the court of law had now decided to play politics of double standards by refusing to order Nchito and M’membe to immediately begins paying back the DBZ money.

Saunders said it was surprising that Parliament which had found it prudent to debate the removal of former president Rupiah Banda’s immunity, even when the matter was in court, has refused to debate the DBZ loan scandal on grounds that discussing the matter would be sub judice.

Saunders told the Daily Nation that while he was convinced that Nchito and M’membe were using the current government to get away with public money they had “borrowed” without the intention of paying back, but that Zambians would never rest until the two settled the debt they had fraudulenttly obtained from DBZ.

Saunder said for as long as the PF was in government, Nchito and M’membe would never pay back the loan because they were of the beliefe that they were above the law and immune to any form of prosecution.

He however was hopeful that Zambians would be able to reclaim their stolen money once the PF government was voted out of power in the 2016 general elections.

Saunders said as one of the people who had petitioned Speaker of the National Assembly Patrick Matibini to have  Nchito and M’membe ordered to settle the K38 billion the two had obtained by frudulent misrepresentation, he was of the conviction that Zambians should continue pressing and demanding for their money.

“We shall never see Fred M’membe and Mutembo Nchito pay back that money under this government. You know how corrupt the PF has become and the two are taking advantage of it. Apart from that, you should know that the two people are very close to the presidency and they  appear to have all the power to abuse any institution. Look at how the judiciary has been battered by these two and our only hope is that when we get a change of government, we are going to have that money back.

So they must not think they they will get away with it because we shall recover the people’s money,” Saunders said. Saunders said the petitioners would embark on sensitising the people across the country about how some people were abusing government to protect themselves from the crimes they had committed against the nation by borrowing without the intention of paying back

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