THE MMD Die Hard youth wing has threatened to take legal action against former president Rupiah Banda and the party’s National Executive Committee (NEC) to compel them to explain how about K1 trillion the party raised during last year’s campaigns was spent.
Last month, an MMD insider told the Sunday Times of Zambia that the former ruling party leadership had allegedly failed to account for K1 trillion the party raised prior to the September 20, 2011 elections.
MMD Die Hard youth wing national coordinator, Bowman Lusambo said in Lusaka yesterday that it was shocking that the former ruling party was failing to raise K3 billion to hold a national convention when it had raised a lot of money during last year’s campaigns.
“We are taking legal action against former party president Rupiah Banda because we want to know how the money was spent. There must be something really wrong in the way finances were handled.
“How can the party be failing to raise K3 billion when we raised so much money during the campaigns, where has the money gone?
“As a youth wing we want the party treasury which is now being managed by Mr Mwansa Mbulakulima to be audited,” he said.
Mr Lusambo said it was shocking that the MMD was failing to hold the convention because of lack of resources and yet the party raised a lot of money prior to last year’s elections.
The insider who revealed some allegations of financial irregularities last month claimed that the MMD leadership had failed to account for K1 trillion the party raised for the campaigns, and that members wanted to konw how the money was used.
“I am a NEC member and I know that we managed to raise K1 trillion. That is not small money, but we don’t know where the money is,” the insider said.
[Times of Zambia]