Soldiers refuse to keep their money in bank controlled by commanders

Soldiers refuse to keep their money in bank controlled by commanders

By Ishmael Mike

Some soldiers in the Zambia Army have objected to plans by the army command to impose that every soldier starts saving with a corporative bank managed by the defense wing whose book balance is K3, 000.

The soldiers who spoke to Phoenix News through a representative have complained that the decision will disadvantage soldiers as the K3, 000 book balance is too high.

The Soldiers have also complained that in the past, the corporative bank had poor services compared to existing commercial banks.

Phoenix News understands that from past experiences once deposits are made, withdrawals were restricted such that depositors were regulated on how much they could withdraw.

In an exclusive interview, the soldiers have appealed to President Edgar Lungu to intervene in the matter before the army begins to deduct k3, 000 from each soldier against their will.

But when reached for a comment, Zambia Army Spokesperson Colonel Luswepo Sinyinza confirmed the reports but said the army managed corporative bank has only made proposals which are yet to be subjected to officers.

Colonel Sinyinza could neither confirm nor deny that the said K3, 000 book balance is one of the proposals made by the command run corporative bank, saying the final position will be communicated to all personnel in the army once everything is concluded.

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