Maravi

(LUSAKATIMES) Magande wanted to cancel Zambian Airways debt, RB

Magande wanted to cancel Zambian Airways debt, RB
Thursday, February 26, 2009, 14:59

Politics 179 comments President Rupiah Banda said he has documents proving that former finance Minister, Ng’andu Magande, was going to allow Mr. Mmembe and his colleagues to get away with the debt.

He said the Post Newspaper had opted for the candidature of Mr. Magande during the October 30, 2008 presidential election so that he could cancel the loan.

The President said this when he addressed thousands of MMD cadres who matched to State House on Thursday in a show of solidarity with his leadership.

Mr. Banda also said he will not be compelled to act against the media by questionable persons at the Post Newspaper.

He said the Post which has been attacking him will only be closed by the huge debt owed to various public institutions.

Mr Banda has demanded that Zambian Airways settles the 29 million US dollars debt it owes various public institutions.

Mr. Banda says the money could help build a number of schools and hospitals to serve the people.

The President says he was not there when Post Newspaper Editor, Fred M’membe, and his colleagues borrowed money to invest in the closed Airline.

/ZNBC/NEWS

Labels: MAGANDE, RUPIAH BANDA, ZAMBIAN AIRWAYS

posted by MrK @ 9:25 AM