Sky Scrapperseast Limited and MHS Engineering Limited, the two ‘companies’ listed as holding 100 per cent ordinary shares in Bantu Capital Corporation Zambia appear to be non existent as they are not registered at Patents and Companies Registration Office (PACRA). This adds another curious dimension to the corruption and mystery surrounding Baobab land, the 190 hectares of prime land near Baobab college.
Bantu Corporation is the company that corruptly acquired Baobab land in Makeni during the Rupiah Banda regime. See details here
Bantu Capital Corporation is owned by Mohammed Salama, Sakwiba Sikota and Rupiah Banda using the fake name of Peter Phiri plus Zaeeed Patel, Moussa Saleh Mohammed and Essa Mohammed Saeed. See here . These were listed as promoters of the company but now appear as directors on the PACRA registration. Directors, or promoters can also and are in most cases shareholders of the company.
But because Bantu Corporation has all the hallmarks of a sham company, there is an attempt to hide the true ownership. On the same PACRA forms, there are two companies entered as each owning 50 per cent ordinary shares of Bantu Corporation. This means that the two companies, named as Sky Scrapperseast Limited and MHS Engineering Limited together own 100 per cent ordinary shares of Bantu Corporation.
The problem is that these two companies do not exit, at least not in Zambia.
A thorough check by the Zambian Watchdog at PACRA revealed that there are no such companies in Zambia. So who owns the 100 per cent ordinary shares in Bantu Capital Corporation?
The Anti Corruption Commission has been saying that they have been investigating Bantu Corporation on how it acquired the prime land in Makeni called Baobab. Surely, if the ACC did not start by looking at the ownership of the company, what were they investigating? It is actually a criminal offence in Zambia to deliberately provide false information to a public office or officer. It is therefore surprising that Sakwiba Sikota, a State Counsel (the highest political form of honour for lawyers) can be associated with a company that provides false information to a public office.
Can Sakwiba Sikota and Salama tell the nation who owns Sky Scrapperseast Limited and MHS Engineering Limited? Are these Zambian companies or they are foreign companies? Do these companies really exist anywhere in the world or like Peter Phiri, they represent some big fishes in Zambia? This is how money launderers work. Their companies are registered in a way that is difficult to trace the real owners? And in a country like Zambia where you can easily register a company by entering any names on the forms, these are the results. Terrorist can easily operate in Zambia as there are inadequate systems to detect sham companies. Mohammed Salama says the owners of the Bantu Capital Corporation have pumped in K14 billion old Zambian currency in the development of Baobab land. But if these shareholders are not known and not registered in Zambia, where would the profit from Baobab land go? Looked at from another angle, where does the money such as the K14 billion to develop Baobab land come from?
Who now is involved in forgery and uttering false documents? Is this not what the wise mean when they say do not throw stones if you live in glass houses because when others throw the same stones at your house, your house will break?
In the next article, we shall look at why Baabob land should not have been sold in the first place as it is earmarked for the expansion of Lusaka Central Business District.