Mwenda, Malambo must be brought back to DBZ

PRESIDENT Edgar Lungu has been urged to recall former Development Bank of Zambia (DBZ) managing director Abraham Mwenda who was hounded out of office for demanding the repayment of K14 million borrowed by embattled Director of Public Prosecutions (DPP) Mutembo Nchito and his business partners Fred M’membe and Nchima Nchito.

Zambian Voice executive director Chilufya Tayali said both Dr Mwenda and Lusaka lawyer Vincent Malambo who successfully prosecuted the DBZ loan case should immediately be reinstated so that they could revive the matter and recover the money Mr Nchito, his brother Nchima and Mr M’membe have refused to pay back.

Mr Malambo, who was removed from representing the bank, had successfully won the K14 million loan case in which Lusaka High Court Judge Nigel Mutuna ruled that the trio should be cited for criminal charges for obtaining the loan by fraudulent misrepresentation.

Mr Tayali told the Daily Nation yesterday that there had been inertia in pursuing the DBZ loan saga because the people involved had for a long time been enjoying surrogate executive powers and that with the reinvigorated spirit by the State to recover the money, there was need to bring back Mr Mwenda and Mr Malambo to the bank.

He said since the Auditor General’s audit report had revealed that the DBZ loan had arisen to K18 million, it had become imperative that Mr Mwenda and Mr Malambo who were hounded out of the bank for pursuing the case were brought back so that Zambians could have justice. “As Zambian Voice, we feel that the DBZ case is still latent and that there had been inertia to pursue it because the people who were pursuing it were hounded out of the Bank. Dr. Mwenda, the former DBZ director and Mr Malambo who was the legal counsel were hounded out so that those who had fraudulently borrowed the money should be made to pay back.

Mr Malambo won the case against Mr Mutembo and his business partners and he was removed and we want him to come back and continue from where he ended,” he said. Mr Tayali said Zambians have never understood why the DBZ loan saga had continued being a debate when the people who borrowed were still around.

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