CEEC vows to recover all the loans
The Citizens Economic Empowerment Commission (CEEC) says it is trying to devise modalities that will enable it recover all the money that was accessed by business entities in form of loans.
CEEC Acting Director General Daniel Sichombo says the Commission is faced with a challenge of following up on the loans that were accessed by people in far flung areas.
Mr. Sichombo says it is for this reason that the Commission plans to identify some youths that will be engaged on commission basis to help the CEEC recover the money.
Mr. Sichombo notes that such a mechanism will also help in empowering the youths who could be unemployed.
And Mr. Sichombo has noted that the credit culture among beneficiaries has been poor.
He adds that CEEC hopes to see the K170 billion that has been released so far become an effective revolving fund to lessen the government’s burden of spending on empowerment programmes in the country.
Mr. Sichombo was speaking to QFM news in an interview.
I hope they are serious about this.
CEEC had both official and unofficial parameters when giving out the loans. Tribal-provincial configuration [unofficial]; Kick-backs and financing their own projects was their routine program me
”Mr. Sichombo says it is for this reason that the Commission plans to identify some youths that will be engaged on commission basis to help the CEEC recover the money”
Its now that you are ‘planning’ to engage the youth, what was the initial plan of recoverying the loans? A’nt these people supposed to have established busineses with full contact addresses? What is the economics behind it? Profit through interest or just empowering? Thankfully you are creating jobs for the youth, otherwise, for rural communities, the money may have been taken to be a grant, they bought food, chitenge for the wife, married a second wife and tujilijili consumed the rest. It’s un uphill battle to recover the money, be rest assured.
why should they pay for the loans when ukwa is suspending judges who ordered ka membe and ncito pay 14 billion kwacha.let membe and his friends pay first then others will pay their loans….
I won’t payback I’m connected to Mmembe and Nchito.
WHY PAY BACK WHEN MTEMBO AND MMEMBE’S LOANS HAVE BEEN ERASED. ONLY A **** WILL PAY BACK THE CEEC LOAN
That is the problem created when a head of state steps in to defend the indefensible especially in situations where people are undoubtedly owing Govt institutions billions of Kwacha as we have seen in the M’membe, Nchito case. Why should anyone else pay back? When taken to court, just call on Sata and all will be well.
I knew the all thing was bound to fail. Politics diluted the whole thing that was well thought of by LPM.
They have to pay back, that what we have always expected its a LOAN Halooooooo…. You dont have to tel us that you will recover, look at you! CEEC sivintu! go and recover, after all thats what you should have been doing… Hey i thot thats what you were doing recovering HALOOOOOOOOOO
Its Empowerment money, so i have no and I had no intention of paying back. If Zambian Airways pay, then I will do the same.
The culture of paying back loans should start from the top. If the ‘whole’ DPP Mutembo Nchito, is allowed to b ‘playing’ with public money, and the ‘whole’ UKWA supports that type of criminality, you dont expect poor villagers to pay back easily
Yet another useless money filtering project. Did you not recently ask for expressions of interest for debt recovery agents? Why not use these professionals than school boys? Ofcourse you want very little to be exposed.
how much does mable mungomba owe through the ghost company MWAME BUS SERVICES