Govt funded newspaper says no donor money stolen

Govt funded newspaper says no donor money stolen

IN HIS NEWSPAPER, RICHARD SAKALA WRITES👇🏾

NO DONOR MONEY HAS BEEN STOLEN, IT IS INTACT IN ZANACO ACCOUNT

THE £2,762,196.68 for the social cash transfer programme which the British government accused Zambia of misusing, is intact in a Zambia National Commercial Bank (ZANACO) account, where it has been sit- ting since December 2017.

According to bank documents which the Daily Nation had sight of, DFID financial contribution to the social cash transfer dis- bursed in December, 2017 was still intact and was in the process of being given back to the donor once authorisation was granted by the Secretary to the Treasury.
The Daily Nation has also learnt that contrary to media reports, the Ministry of Community Development and Social Services and the DFID have been discussing the issue of the donor’s financial support disbursed in December 2017, and at no time was mention of a freeze made.
However, the Daily Nation can reveal that the money from the UK’s DFID which do- nors want refunded following revelations of alleged SCT funds abuse, is still intact and sitting in a ZANACO account since it was transferred there in December 2017 by the Central Bank.

British High Commissioner to Zambia Fergus Cochrane-Dyet, in a tweet last week said his government had frozen all bilateral funding to the Zambian government in light of potential concerns and until audit results were known.

According to correspondence the DFID was availed a full report of the disbursements from the Ministry as well as a bank statement.

The donor organisation was also informed that its demand for a refund of its £2.7 mil- lion, would be effected once approval was giv- en as per government requirement.
Other reports indicate that for instance, the September 2017 disbursement of £2,599,049, was given to Eastern, Central, Lusaka, Southern and Copperbelt provinces.
The British High Commissioner had earlier tweeted: Correct that UK frozen all bilateral funding to Zambian Govt in light of potential concerns until audit results known. #UKAid

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