Chairman of the Energy Regulation Board and Oil Procurement Commission of Inquiry Wynter Kabimba has disclosed that government lost a sum of more than K 2 trillion from the contracts awarded between 2007 and 2011.
Mr. Kabimba said this amount of money was lost through malpractices and acts of corruption in the then Ministry of Energy and Water Development, Zambia Public and Procurement Authority (ZPPA) and the Energy Regulation Board.
He said the commission has recommended that government through the law enforcement agencies should investigate individual officers and oil companies involved in oil procurement contracts irregularities.
ZANIS reports that Mr. Kabimba said the whole procedure was marred with malpractices and alleged acts of corruption during the period under review.
He was speaking at State House in Lusaka today when he presented the commission’s report to President Michael Sata.
Mr. Kabimba disclosed that some of the companies involved in such vices were bidders in the 2012 ongoing procurement tender.