SOURCES within the MMD say Richard Taima resigned as MMD Solwezi East Member of Parliament to join the PF due to billions he owes the Citizens Economic Empowerment Commission (CEEC) in unpaid loans.
The sources have told QFM News that Mr Taima’s wants to seek protection from the ruling Patriotic Front over the money he owes the CEEC which has embarked on an exercise to repossess property of people who have failed to liquidate their loans.
The sources further reveal that the CEEC has already started confiscating property belonging to Mr.Taima for failing to pay back the loan he got.
They have also disclosed that a lodge in Solwezi belonging to the parliamentarian has since been repossessed by the CEEC.
The sources say this predicament has left Mr Taima with no option but to join the ruling PF with the hope that President Michael Sata will prevail over the CEEC on his behalf.
They sources have also stated that Mr.Taima is also afraid of losing the petition in which his election as Solwezi East MP has been challenged.
But when contacted by QFM News, Mr. Taima said even if he owed the CEEC huge sums of money,that is not the reason why he has decided to ditch the MMD for the PF.
He was at the time of his resignation serving s Commerce, Trade and Industry deputy Minister in the PF government.