WHY FOREIGN RECEIVER? ASK EX-ZAMBIAN AIRWAYS WORKERS?

by SUFZ Reporter

Some former employees of the defunct Zambian Airways have accused Post Editor in Chief Fred Namakando M’membe, Mutembo Nchito and Nchima Nchito of deliberately appointing a foreign receiver so that they could disadvantage organisations and individuals that the company owed.

And Finance bank Zambia had instructed SNB legal Practitioners to demand US 4, 208, 938. 28 from Mines Air Services limited trading as Zambian Airways outstanding balance on accounts held by the defunct company.  Employees of the defunct airline which is equally under investigations by investigative wings told SUFZ news that the directors had deliberately appointed a foreign receiver Mr. Kieran Day a Kenyan to disadvantage the people owed by the company.

“We think it was deliberate the Directors to have appointed a foreign receiver because they knew it would be difficult for people to reach him.

Infact we are interested to see how this debt demand by FBZ will proceed because there is no record or minute to show that there was a resolution that they should guarantee the loan.

“There was so much dirt going on in that company” said the employees who sought anonymity.

Meanwhile FBZ has instructed SBN Legal practitioners to formerly demand US $4, 208,938.28 outstanding balances from the defunct airline liquidator of Kenya to be paid within 10 days.

According to a demand letter addressed to Mr. Day and obtained by SUFZ news, FBZ is demanding the outstanding amount.

“We have retained as advocates for Finance Bank Zambia Limited (FBZ) in the matter.  “FBZ has instructed us to formally demand for Mines Air Services Limited T/A Zambian Airways (in receivership) due payment of US$4,208,938.28 outstanding balance on account held by Mines Air Services Limited T/A Zambian Airways,” reads the letter dated July, 20 and signed by Mr. Sunday Nkonde. The debt is made up of US$2, 096,846.68 accrued through ESCROW Fuel account and US$ 5, 112, 095.60 on the main account.