The government of Lesotho has closed its bank accounts in Stanbic Bank, which in that country trades as ‘Standard Lesotho Bank’.
But in Zambia, the Judiciary keeps all the money paid into court in Stanbic.
The Watchdog has been informed that the government of Lesotho decided to end its banking relationship with Standard bank due to the bank’s manipulative banking practices.
Until last year, Standard Lesotho bank was the main banker of the government and almost all civil servants, police and soldiers were paid through Standard bank. But after many years of manipulating government and scamming civil servants through fake loans, the government decided to move its accounts to Lesotho Post Bank, FNB and Nedbank.
In Zambia, the close but questionable relationship between the Judiciary and Stanbic bank has led to the judiciary to use only Stanbic for all its financial matters. The pay in court account is held at Stanbic.
The judiciary, as an entity has a specific bank account where people deposit money when directed to do so by a judge or magistrate. This account, which is in the name of the judiciary and controlled by the chief justice is meant to facilitate the receipt of maintenance payments, fees payable to the Court, fines payable by law; and any other payments which are payable into Court by an order of the Court, law or Rules of Court.
One would expect such a sensitive and important account to be held at Zanaco or NATSAVE where government has shares but no, it is with Stanbic where senior judges have ‘shares’. This account needs to audited very urgently looking at what has been happening between judges and Stanbic in the recent past.
This is the bank that has bribed almost all senior judges in Zambia in the famous case of Savenda management.
HOW STANBIC BRIBED BAILIFFS TO STOP BALIIFS FROM RECOVERING MONEY
In 2016, the Lusaka High Court ordered Stanbic to compensate Savenda management ltd K192 million for negligently and wrongfully reporting it to the Credit Reference Bureau.
After the judgement, Savenda engaged bailiffs to collect the money. Stanbic bank ltd immediately fired their lawyers Mwananshiku from MM Associates. It was at this point that Stanbic brought in Eric Silwamba and co after being advised that ‘if Eric Silwamba can’t do it, now one else can.’ This statement refers to Silwamba’s amazing ability to bribe judges.
The bailiffs had already moved in to collect money as ordered by the court. Stanbic decided to neutralize the bailiffs with bribes. Thus, on 21 September 2016, Charles Mudiwa, who was the managing director for Stanbic gave Charity Mulongwe K75, 000. Charity Mulongwe works in the Loans Recoveries Unit of Stanbic. Her phone number is 0979485873. At Lunch hour, Charity Mulongwe met Fridah Kanyanga ar Radisson Blue hotel and gave her the K75, 000. Fridah Kanyanga is the deputy Sheriff of Zambia.
On the same day, Stanbic head office ordered Manda Kabwe to urgently travel to Lusaka from Mufulira where he was working as branch manager. On 22 September 2016, she was given K50, 000 and told to deliver it to Mr Liyuwa, one of the bailiffs who were in the process of collecting money from Stanbic. Manda Kabwe’s mobile number is 0977135244. Mr Liyuwa’s number is 0977841721. Evidence of this corruption is traced to these numbers.
On the same day 22 September 2016, Wezi Luhanga was given K80, 000 by Mr Mudiwa to go and give the two other bailiffs who were working on the case.
On 23 September, bailiffs withdrew from Stanbic, this was far before the court appealed to the court of Appeal.
After this operation, Mudiwa was transferred to Kenya.