Nigerian oil dealer Sahara oil, working in league with ex convict Richard Sakala, mines minister Christopher Yaluma and Edgar Lungu’s stooges have directed Zambia Revenue Authority – ZRA Commissioner General Kingsley Chanda to institute ‘investigations’ in Lake Petroleum’s oil transactions dating five years ago.
Chanda has disclosed the new wave and said that there is need to investigate the company’s dealings for the past five years but the whole matter is about finding the company in the wrong and further fine them and penalise them to completely knock them out of business.
Earlier this year Lake Petroleum was fined K4.6m for alleged oil smuggling when the company overshot its import quota and 12 tankers have been impounded and the corrupt cartel wants the confiscated trucks to be forfeited to the state and later sold to a company called Juba transport.
Lake Petroleum was cleared of the allegations by the energy minister David Mabumba and consequently paid the fine but dramatically ZRA held onto the 12 tankers, a move that has incensed Petroleum Transporters Association of Zambia – PTAZ.
The decision to institute ‘investigations’ into Lake Petroleum is aimed at completely kicking the company out of business and give the contract solely to Sahara Oil Company who were introduced to the government by Richard Sakala. Consequently Sakala has mounted a dirty propaganda against Lake Petroleum through his newspaper, the Daily Nation and wants Mabumba removed from the ministry.
A source at state house has disclosed that the cartel has been mounting pressure on Lungu to remove Mabumba so that by the time of signing the oil import contract, Sahara will have a field day while major competitor remains investigated.
Sahara Oil officials are expected in the country by mid July to come and negotiate the oil deal worth millions of dollars from which the cartel has been promised a huge commission.