By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily NationDaily NationDaily Nation
  • Home
  • News
    News
    Stay informed with the latest breaking news, in-depth analysis, and exclusive reports from around the world. From politics and global affairs to science, technology, and…
    Show More
    Top News
    Chisenga Katongo urges declaration of ‘Kaunda Day’
    June 20, 2021
    Evelyn Hone launches 2022-2026 strategic plan
    February 24, 2024
    Kafubu Water owed K91m in unpaid water bills by government institutions
    February 25, 2023
    Latest News
    Explain Tayali’s return, Changala demands
    July 20, 2026
    ConCourt petitioned to clarify candidate withdrawals
    July 16, 2026
    Mundubile not arrested, says DEC, trashes social media claims
    July 16, 2026
    ZCCM-IH hires global advisers for listing drive
    July 15, 2026
  • Business
    Business
    Your go-to source for the latest in business, finance, and the economy. Stay ahead with market trends, corporate insights, and expert analysis on entrepreneurship, investments,…
    Show More
    Top News
    China stock swoon could boost US real estate
    March 6, 2025
    Why homeowners are leaving billions on the table
    March 6, 2025
    Lock in now! Stock sell-off sinks mortgage rates
    March 6, 2025
    Latest News
    Sugilite wasn’t stolen – NPA
    July 24, 2026
    CEC Powering Zambia’s Renewable Energy Future and the Journey to 10,000 Megawatts
    July 20, 2026
    Outsourcing can help fulfil job creation promises, says entrepreneur
    July 20, 2026
    BoZ explains delays in Investrust payouts
    July 16, 2026
  • Court News
    Court NewsShow More
    LUSAMBO LOSES BAIL BID AGAIN
    July 26, 2026
    ConCourt petitioned to clarify candidate withdrawals
    July 16, 2026
    Kabesha seeks court clarity on independent candidates
    July 2, 2026
    Court extends Mwamba’s bench warrant
    June 24, 2026
    Over 1000 expatriate teachers sue Gov’t, demand US$1.3bn, K7.5bn
    June 19, 2026
  • Sports
    SportsShow More
    creation.Copper Queens wind up Algeria camp with friendly
    July 22, 2026
    Bernadette Deka Zulu lands top global position
    July 3, 2026
    Immig FC caps dream debut season with trophy presentation to immigration chief
    July 2, 2026
    July 2, 2026
    July 2, 2026
    Foloko underscores Zambia’s active role in efforts to safeguard fair play, transparency in sport
    July 2, 2026
  • Contact
Search
NEWS
  • News
  • Local News
  • Politics
  • Health
  • Court News
  • Tie Business
  • Biz & Corporate
  • Contact Us
  • Privacy Policy
© 2026 Daily Nation Zambia. All Rights Reserved.
Reading: TAZAMA- Lake Petroleum oil marketing scam
Share
Sign In
0

No products in the cart.

Notification
Font ResizerAa
Daily NationDaily Nation
0
Font ResizerAa
  • Home
  • News
  • Business
  • Court News
  • Sports
  • Contact
Search
  • News
  • Local News
  • Politics
  • Health
  • Court News
  • Tie Business
  • Biz & Corporate
Sign In Sign In
Follow US
© 2026 Daily Nation Zambia. All Rights Reserved. Developed by GOPES.
📖 Read ePaper
Daily Nation > Blog > TAZAMA- Lake Petroleum oil marketing scam

TAZAMA- Lake Petroleum oil marketing scam

Daily Nation
Last updated: March 7, 2021 12:57 pm
Daily Nation
Share
3 Min Read
SHARE

Fri, 07 Jul 2017 10:53:07 +0000

By BENNIE MUNDANDO

A HIGHLY organised syndicate in which TAZAMA has continued selling fuel to Lake Petroleum despite the company facing sanctions from ZRA and ERB for illegally importing fuel into Zambia has been unearthed.

In March this year, a combined team of officers from the Zambia Revenue Authority (ZRA) and Energy Regulation Board (ERB) impounded tankers belonging to Lake Petroleum after a tip off from Zambian tanker drivers that the company was illegally ferrying fuel into the country using forged documents and purporting that the commodity belonged to the Zambian Government when in fact not as the company was feeding the Continental Oil depot in Kapiri-Mposhi which it was using for storage before distributing to its service stations.

ZRA fined the company K 4.60 million in addition to seizing 12 of its tankers which it said would be auctioned and instituted investigations to ascertain the company’s activities in the past five years while ERB banned the company from importing, exporting and distributing the commodity across the country but said the firm was still allowed to run its service stations.

However, a source within TAZAMA has told the Daily Nation that all the sanctions purported to have been slapped on Lake Petroleum were artificial as the company had continued distributing fuel across its service station with the help of some senior officials in the sector, including top management at TAZAMA who were helping the company distribute its commodity across the country.

The source, who provided a receipt and invoice to the Daily Nation, said all the threats that some institutions were making over the matter were aimed at concealing the rot that the company was involved in because there were “big people” who were playing accomplices to the illegality.

The source said while ERB was portraying a picture that Lake Petroleum was no longer distributing the commodity to its service stations, the company was actively involved in the sector and challenged the ERB to state exactly what it was doing to monitor the company’s activities after imposing the sanctions on it.

“Right now, Lake Petroleum has continued distributing fuel across the country and they are getting the commodity from here (TAZAMA). I have provided these receipts to substantiate what I am talking about because we have seen a lot of inconsistencies in the manner our institutions are handling this case.

- Advertisement -
Ad imageAd image

“Do you think the ministry cannot do anything? Didn’t you hear the minister contradicting himself with ZRA? He made it clear that the punishment slapped on Lake Petroleum so far is enough, yet ZRA is still investigating the matter. What other outcome are we expecting from them?  Nothing will work out,” the source said.

You Might Also Like

Rampant Nigeria make it three wins

Blackmail

Defense Forces put on high alert

Girl orphan tells  her story

GOOD NEWS FOR CHILOBE TUNGSTEN MINE

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Copy Link Print
Previous Article Livingstone council upsets land applicants
Next Article Zanaco aim to tame Wydad
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
56.4kFollowersFollow
4.4kFollowersFollow
- Advertisement -
Ad imageAd image

Latest News

LUSAMBO LOSES BAIL BID AGAIN
Court News Local News Premium
July 26, 2026
NRPUP Questions ECZ Over Ballot Paper Handling Procedures
Politics Premium
July 25, 2026
ECZ TO PROMOTE INCLUSIVE ELECTORAL PARTICIPATION  
Premium
July 25, 2026
Sugilite wasn’t stolen – NPA
Business Premium
July 24, 2026
//

We influence over 2 million readers and are the most preferred news platform in Zambia.

Quick Links

  • Politics
  • Court News
  • Health
  • Millennium TV

Top Categories

  • News
  • Local News
  • Politics
  • Health
  • Court News
  • Tie Business
  • Biz & Corporate

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Daily NationDaily Nation
Follow US
© 2026 Daily Nation Zambia. All Rights Reserved. Developed by GOPES.
  • Contact Us
  • Privacy Policy
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..
Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?