Inquiry prevents Sakwiba from submitting breaches by Finance bank

Inquiry prevents Sakwiba from submitting breaches by Finance bank


Lusaka lawyer, Sakwiba Sikota was Friday prevented from making submissions to the commission of inquiry investigating the sale of Finance Bank.

Commission Chairperson, Sebstain Zulu told Sikota that his submission regarding depositors and shareholders’ interests was not part of the terms of reference for the inquiry.

Zulu said the commission of inquiry’s terms of reference were focusing on whether procedures were followed in the sale of Finance Bank.

In his submission, Sikota had outlined 11 banking and financial regulation breaches, discovered to have been caused by Finance Bank, adding that 1 is even before the courts of law.

Sebastian Zulu who is also Justice Minister is a shady character with questionable credibility.

Two months ago, former defence minister Ben Mwila revealed that when Sebastian Zulu was UNIP secretary the OP bribed him with K250 million to destabilise the former ruling party UNIP and its leader Kenneth Kaunda at the time.

Ben Mwila said Zulu was used as a mole while he served as UNIP secretary general and when the Government told him to announce intentions to contest the presidency of UNIP, the Lusaka lawyer obliged and made public attacks against Dr Kaunda in line with the instructions he had received.


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