BusinessHeadline News

COMSAVE, ONO MEMBERS PLEAD WITH NEW DAWN GOVERNMENT

By ANDREW MUKOMA

MEMBERS of the seized Comsave Credit Union and ONO Savings and Credit Association in Livingstone have pleaded with the new dawn government to take keen interest in the matter concerning their monies from the two embattled financial institutions.

The members have complained that since the UPND government took over the leadership of the nation, the matter has gone quiet, much to their displeasure.

Some members have told the Daily Nation that Finance Minister Situmbeko Musokotwane, Bank of Zambia, Drug Enforcement Commission and National Prosecution Authority (NPA) should quickly review the modalities in which the two institutions were guided to pay back the beneficiaries of the schemes.

Earlier this year, government through the Bank of Zambia, seized Comsave and Ono accounts in Livingstone and Mazabuka for flouting the financial laws .

After reaching an agreement with government, the two institutions were told to pay back to members who had invested in the village banking scheme but some members have not yet been paid.

Related Articles

This has resulted in members appealing to the New Dawn Government to take interest in the matter.

They are demanding that relevant authorities expedite the process of paying them the money they had invested in the two institutions.

“We have been waiting for our monies since that agreement was arrived at between government and the two organizations but from what is happening, it appears we might lose out,” they said.

Back to top button