Court allows ZNFU to liquidate branch causing chaos

Court allows ZNFU to liquidate branch causing chaos

Screen Shot 2016-04-05 at 16.17.48The Zambia National Farmers Union (ZNFU) has appointed Mumbwali Simuzingili as Liquidator of Lizara Investment Limited.
This follows a court order signed by High Court Judge Flavia Chishimba on March 23,2016 which allowed ZFU to liquidate Lizara, a special purpose entity that was created by ZNFU to seek financing.

Lizara, is the ZNFU owned company that was causing trouble at ZNFU by funding fake audit reports because the directors of Lizara wanted to create a separate company illegally.  See back ground here

 

Simuzingili will provisional liquidator for Lizara a company that owns 4 per cent of ZANACO.

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