The Post Newspaper Ltd has been placed under receivership and the process of placing the newspaper under compulsory liquidation has commences.
Lewis Nathan & Company run Lawyer Lewis Mosho has since been appointed as provisional receiver in respect of all the assets of the company.
This was after five former Post employees namelyAndrew Herbert Chiwenda, Roy Haabalu, Bonaventure Bwalya, Mwendalubi Mweene and Abel Mboozi applied to the Court to have the company placed on liquidation in order to recover their terminal benefits.
The newspaper was shut down by the Zambia Revenue Authority for failing to pay millions of US dollars in back taxes on June 21.
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NOTICE OF COMPULSORY WINDING UP
__________________________________
TAKE NOTICE that the High Court for Zambia has placed the POST NEWSPAPERS LIMITED (IN LIQUIDATION) under Compulsory Liquidation and has appointed LEWIS CHISANGA MOSHO of Lewis Nathan Advocates Lusaka Zambia as Provisional Liquidator in respect of all the assets of the company.
ALL creditors, debtors and other interested parties are hereby notified for purposes inter alia of submitting their claims with the Provisional Liquidator by delivery to the address indicated below.
Lewis Chisanga Mosho
Provisional Liquidator
Post Newspapers Limited (In Liquidation)
758 Independence Avenue
Woodlands, Lusaka, Zambia
Fred Mweembe is using his own employees to ask for the company to be liquidated because in his warped thinking ZRA will not raise the whole amount owed by the post by selling the post assets. I pray ZRA will even get some of Mweembe’s personal properties to ensure these back taxes are fully paid.
The ‘efficient manner’ in which the post issues have been handled is ‘commendable’. In the same way we look forward to seeing the corrupt ministers and government employees that have amassed wealth in questionable ways to be delt with.
There must be a sense of seriousness on the part of the president not the mere talk he has been giving us about corruption. For starters be like Kaunda name and shame (comrade hussein, VJ et al) so that the same people cannot come and claim otherwise . Next confiscate all ill gotten property and trace everything including the FBI ( friends bululus and inlaws ) including girlfriends. Then they will see the embarrassment and make it a lesson to others. Don’t blame anti corruption.
This is the reminder that wisdom beats cadreism. Mmembe made a PF00L of himself from 2010 pulling no steps to support PF. He forgot how MMD had provided the opportunity for him to make his name and fortune even as MMD allowed him to oppose them. Now PF have swallowed him and shat him. Goodbye The PFost and its PF00L; you were interesting when you were not in the shadow of Michael Satani.
…. pulling no stops….
06 Jun 2015 The Post quoted “I will fall on you like a tonne of bricks”
President Lungu said this when he issued a warning to individuals making his life difficult. Today ECL has achieved what every Zambian president failed to do, the closure of The Post.
In Zambia 5 years will be like 20 years because the way I see things with our president. Kaya. Ni dununa dununa fye without any direction. What goodness will come out of closure of The Post surely. As much as it can be seen legit, there is a political hand in this all deal and everybody knows. See you POST.
This government doesn’t want anyone to be giving them checks and balances. This is one way of finding a way to loot the IMF loan
Then when Zambia defaults on the loan. it’s game over
National resources are for all nationals but its becoming clear that Edward thinks this is his personal farm.
Tik Tok Tik Tok the clock is chiming away, time is coming soon.
If one must continue to live by insulting others, he or she must ensure that they pay all their debts in good time including what they may owe to prostitutes …
@James bugs,
I concur with you 100%. Lungu’s public admission is a direct confirmation of his involvement in the scourge. There is no way that his ministers can be so openly corrupt without following what he himself is actively doing and this makes it difficult for him to take punitive action against them lest they spill tons and tons of beans about him. He should have known by now that Zambians are not daft, they know how corrupt and violent he is. Let’s see if he is going to fall like a ton of bricks on any of his ministers. The other issue is, why is he mute on the extension of the 5-year term to 7?
The problem we have in Zambia is when something is negatively done on someone, the rest of us fold our hands and start mumbling on the periphery. This should stop. We must emulate the Israelis who’ve had a long standing motto of “a spill of blood from one Israeli, is a spill of blood from the rest of Israelis”. I blame the Media organisations in Zambia. They did nothing to help their colleagues at ‘The Post’s. They should have heavily lobbied other Media Organisations outside Zambia to intervene. I bet you, today it’s the ‘The Post’, MuviTv, Komboni Radio, Itezhi-Tezhi FM and Prime TV but tomorrow it might be your Media Organisation. This government will not stop at anything. Theirs is not to build but destroy. Rubina Reverse for sure! They forget that The Post and MuviTv employ…
I keep telling you Lungu has no time to throw tantrums or get into screaming matches with under 5’s. Mutembo down. Mmembe down. And he is saving the best for last!
Mmembe is one cunning individual. This is what he wanted. He will now come up with another newspaper company. Word has it that he has already secured premises for his new newspaper company
That’s not warped thinking – do some study on liquidation law & process to have some understanding of what will follow..for all of u celebrating the dictatorship of Lungu, all the best as Zambia is surely heading the Zimbabwe way as these donors the PF is trying to get a bailout from are not fools – they are seeing what is happening. …
Mmembe had a good run but made himself effectively redundant. Bye.
It is just interesting the a well known friend of the PF has been appointed liquidator.
Hakainde Hakayobela (HH) and his nephew Lloyd Himambo’s seditious publication Zambian Witch Doctor has been put under receivership.
Meanwhile unconfirmed reports indicate that Mutinta Hakayobela has left her loser of a husband for a Mkushi businessman called Chilala.
This is after she claimed that Kaponya (HH) can no longer satisfy her.
Hakainde Hichilema was this morning seen trying to hug a Kabulonga substation power transformer
#Kudos paput1 pali chakolwa or pali ban0k0 epo baibikile watchdog under the receivership.
PF are hallucinating about HH. No kulala bakolwe when you steal. Sonta epo waiba.
@ Mr Kudos You are just an *****. What kind of hate is this. Alikutobela Amukashi obe. Be Mature Nigger.
Chishima kambwili alias Mr kudos (skull-haloween) , I am saying it again, your hatred of HH is leading you into madness. Again, the story is about ‘The Post’ going into Receivership but in your hatred of HH, you bring him in! You don’t stop there but you bring his private life into the fray of your madness! Okay, let’s to about Valentine Chitalu and Francis Kaunda and will soon find out who really stole from the Zambia people because Chitalu was the main man in the Privatisation of Parastatals while Kaunda was the Chief Executive Officer of ZCCM. Let the people of Zambia talk about these two men. I even challenge Bowman Lusambo to make a contribution to this.
Edgar Chakolwa only achievement since he came into power.
He is yet to achieve more
PF is just evil. this is a PF evil scheme. they won’t shut brains and PF will not be there forever. oneday these PF cadres shall payback. what goes around comes back
@kk airport, PF may pay back after 2026. So hard times for you bwana. Mukose because Edgar will rule up to 2026 no doubt. With this weak opposition at hand, kaya.
Its true Closing of the post and blowing billions then running back to the IMF seem to be lungus only archivements.
Actually Lungu will now turn his guns on upnd the party that has divided the country, come February 2017 no more upnd!
I knew this was going to happen. Blame arrogant Membe for it. It took a little bit longer than I thought, but it has happened.
No one is above the law. Now priscutions will follow. The cartel has crumbled.
Oh my Goodness! We have been deprived of the only reliable source of information.Only praise singers have remained to misinform the nation. We are in real trouble. I really liked Edgar Lungu when he just took over from Sata but now…….I didn’t know he would turn out to be so cruel. I thought Rupiah Banda was a despot who would even close down the Post but the opposite is the case….oh my…..Is this what power can do?
The case with Edgar is that bad company corrupts good morals….but yet again the man stole from a client so once a thief always a thief.
Arrogant Mmembe is to blame for not paying Taxes just because he was a friend to Levy Mwanawasa and Michael Sata. He tried to destroy RB after killing FTJ, now it is time to pay for his sins.
hear hear hear!!!!!
The Post was once a very reliable source of information but lost it when Mmembe became King Maker and got obsessed with personal vendettas
Very true “it was the paper that digs deeper” with then reporters like the late Jowie Mwinga ‘mind of matter column. now it turned into a piece of complete sh1t!
Mind over matter
@Presdo Lutuku, Spaka like fimofimo, Buck Teeth,KK airport fimo fimo and any other UPND 1mbecile go hang yourselves ngachamikalipa bafik,ala, you area as useless as Mmembe , HH and GBV! 1diots.
DBZ saga, workers that haven’t been paid their money both Ex Post employees and former Zambian airways. This is Karma coming back to haunt the self styled “King Maker” who has only made King Jokers out of GBV and the Hungry Hyena.
Arrogance does not pay. U can only fight government wen your hands are clean. Those who live in glass houses should not throw stones…!
Wasting your time with PFools. Its just a small setback, The Post will bounce back. PF is JUST a political party, it’s time of extinction is very near since it is voted by the nation. The Post is not, it’s people’s paper hence the bouncing back.
Shushushu. Don’t remember some elementary company law? Limited means any liabilities by the limited company are limited to those assets owned by the company and as such any claims. Against the such can not go beyond what shareholders invested in that entity. mmembe is a shareholder! Get the photo?
@1.2 Buck teeth, that is exactly the sense that I have trying to pump into the heads of UPND cadres about the Post for almost a full 12 months now. Why did it take you so long to agree as you have done now? Does it take you that long to understand simple things about the behaviour of Mmembe and his Post? Why did you not agree with me that it was ill advised of HH to desperately go to bed with a scoundrel like Mmembe? This association and that with GBM surely cost HH the (remote) possibility of winning the election, and rightly so because reasonable voters saw no difference between HH and criminals like GBM and Mmembe. The failure of UPND cadres to advise HH has not helped him at all. Look where he is now, and where he is headed to.
To me the closure of the Post is the best news I have ever received with my breakfast. It is an early Christmas present, surely this year Father Christmas has been beaten clean in delivering gifts.
On the same note, why have they appointed Lewis Mosho as Liquidator? I thought that HH has more experience and better credentials given his performance with ZCCM in the 90s? kikikikiki…Besides, HH may need some cash or property injection looking at the financial mess that he has found himself in after thoughtlessly spending so much cash on his fruitless campaigns, and followed by huge expenditures on lawyers fees for equally senseless petitions and legal challenges. I bet the lawyers have not even shown him the final invoices..kikikikiki….once the lawyers are done with him, the man will…
Ba Boss Ba MmEMBE IS A THIEF AND HE JUST PUSHED HIS LUCK TOO FAR, IF YOU ALL RECALL HE STARTED PUBLISHING INSULTS AND LIES THEN SOME PEOPLE CALL THAT CHECKS AND BALANCES,HE ACTUALLY THOUGHT HE WAS A SMALL GOD WHO COULD DETERMINE WHO SHOULD BE PRESIDENT IN ZAMBIA. BOMA NI BOMA A TONNE OF BRICKS HAVE JUST FALLEN ON HIM. POST IS NOW THE PAST NEWS PAPER.
The story of the Emperors New Clothes is the best metaphor that describes the media in Zambia. The story is about two crooked weavers who make a new suit of clothes for an emperor that they say is invisible to those who are unfit for their positions, stupid, or incompetent. There were different people who praised the Robe according to different reasons:-
1.Those that praised the beauty of the Emperor’s new clothes out of fear that they will be seen as “unfit for their positions, stupid, or incompetent”e.g. DeadNBC, Daily Fail, SomeTimes of Zambia, LT etc.
2. Those that praised because they were direct beneficiaries, or feared being identified as disrespectful, e.g. Daily Nation, PF00Ls etc
3. Â the small child who criesd out, “But he isn’t wearing anything at all!” e.g. the…
CONTD
3. Â the small child who criesd out, “But he isn’t wearing anything at all!” e.g. the POST, Zambian-Watchdog, komboni Radio, Muvi-tv, facebook-bloggers etc.
Independent & social media is one way of our poverty stricken people to vent out. Trampling of media freedom will just tempt the frustrated masses to vent their anger through other most dangerous methods.
Comment: its was so shameful for hh to have sank so low and bow
before mmembe and apologized to him publikly just to be covered
by his post newspaper. Bwana just shallow your
pride and tell your cadres the truth about your alleged ICC connection… Fyabufii! Ngamwapepa iba nge na gbm mwilabepa ba mbuli banenu.
Post & Mmembe have themselves to blame for this fiasco, although Edward did shut down the Post in questionable circumstances.
DO’NT BE CHEATED. THE POST IS NOT YET OVER. THIS IS A SCHEME BY M’MEEMBE HIMSELF TO CRY “BANKRUPT”. THE WAY THEY BEHAVED OVER ZAMBIAN AIRLINES. HE WILL NOT PAY ANY DEBTS TO ANYONE, NOW THAT HE IS BANKRUPT. THEY MAY SELL ALL HIS PROPERTY BUT THEY WILL NOT MAKE UP HIS CREDITS. HE WILL SMILE AGAIN AS HE FORMS ANOTHER NEWSPAPER. CHECK THIS SPACE.
People are missing the point here, the post was targeted, plain and simple. Zra’s mandate is to act in the public interest. Recover the money and continue collecting going forward unless all options have failed. How does shutting down a revenue generating business help anyone?
The post the post the post this is my cry that what censius banda would write. Anyway I saw that coming.
The moment they started being partisan and mislead the nation into hating RB and start corrupt practise with MC . They became a paper for sata and PF and quess what they where bitten by the same snake they where feeding. Lesson learnt… ” never play with a snake even if its colour is attractive.
THE DICTATORS HAVE DESTROYED THE POST NEWSPAPER. ALSO, FRED MMEMBE THOUGHT HE WAS A SMALL god TO BE WORSHIPED BY EVERYONE IN ZAMBIA. MMEMBE HAS CONTRIBUTED TO THE SUFFERING OF MANY ZAMBIANS OVER THE YEARS. MMEMBE IS AS SELFISH AS EDGAR LUNGU.
It had to come to this? Sad
FRED MEMBE IS NOT RICH AND POWERFUL AS HE POTRAYS HIMSELF TO BE. HE HAS FAILED TO PAY THE ZRA DEBT AFTER HIS PROPERTY WAS SIEZED. NOW HE CANT EVEN PAY HIS WORKERS. HE WAS HIDING BEHIND THE LAW AND INJUNCTIONS IN THE MATTER BETWEEN HIMSELF, JCN HOLDING, ZAMBIAN AIRWAYS AND DBZ. HE IS MERELY A SMALL FISH IN THE SO CALLED CARTEL GANG, WHICH IS CRUMBLING. AFTER HIS DEMISE, IT WILL BE UNDER FIVE AS THE CHIEF OF THE CARTEL TO GO. LEWIS NATHAN MUST PURSUE THESE CRIMINAL ELEMENTS TO THE BITTER END. WHEN THEY FAIL TO PAY WHAT THEY OWE DBZ AND ZRA, PLEASE LIFT THE CORPORATE VEIL AND PURSUE THE SHAREHOLDRS AND DIRECTORS IN THEIR INDIVIDUAL CAPACITY AND COLLECT TAX PAYERS’ MONEY. WE NEED THE MONEY.
He is one man who can’t swallow his pride. Even if he started another company, he still will be obliged to pay Taxes. This time around the Tax man shouldn’t allow it to balloon this big before intervention.
AKA KAMUNTU KA MEMBE KAPUBA SANA. HE HAS NOT BEEN BAILED OUT BY THE CARTEL. NOT EVEN FAT ALBERT, WITH WHO HE WAS TRUCKING KCM COPPER TO SA HAS COME TO HIS AID. THIS SHOWS THAT THE SO CALLED CARTEL IS JUST A BUNCH OF HIJACKERS WHO WANTED TO GET INTO POWER AT ALL COSTS WITH TH SOLE AIM OF LOOTING. IF MUSHIPE, KAKOMA, HAVE NO MONEY, WHERE WOULD RETIRED STREET POLITICIANS LIKE MWAANGE GET MONEY FROM. WOULD THE LIKES OF HANSUNGULE AND NDULO BE MORE RICH THAN THEIR BROKE UNDER FIVE AND HIS MINNONS? THEY WANTED TO GET INTO POWER TO LOOT AND SUCK THIS COUNTRY TO THE BONE. WELL, AS THING ARE, GOD STOPPED THEM IN THEIR TRACKS.NOW THEY MUST PAY BACK WHAT THE STOLE DURING MC SATA REIGN.
Give to Czar what belongs to Czar
And the workers will get nothing…meanwhile Fred has consolidated himself as always!!
Workers will get their money when the company is liquidated. Otherwise now they may die without getting their dues from Mmembe.
All Upnd supporters are calling for Lungu to be executed after he leaves office without even assessing the gravity of Mmembe ‘s omissions. Companies have been liquidated and more are being liquidated so I don’t see why the posts should be exempted. So as long as you’re in “opposition ” the law should not touch you for fear that people will claim it’s Lungu behind the action? So Upnd was going to write off the 53 000,000 the Post owes taxes and clear separation packages for the former employees?
Get this straight into your heads people. Fred, as a person, has not lost anything. How do you think the Trumps of this world were running away from anything that becomes hot. They were all independent of their corporate firms. You shut the firm but you cannot touch Fred. It’s up to him and his friends to come up with another group of friends to form another tabloid. As it stands, it’s not him suffering right now but the many Zambians that were employed by the same Post.
@29 AB, you don’t understand this whole thing. with a lawyer, president, and a team of senior lawyers like silwamba and mutale, this is small stuff. the starting point is the civil process. hound the post in court. after the paper fails to pay, go back to court and institute criminal proceedings against the shareholders and directors. then lft the corporate veil on them and pursue the remaining unpaid debt. th court will pursue these criminal elements in their individual capacities which will entail seizing their properties and chattels until the debt is paid in full. if the debt is not liquidated, then the bankcrupcy proceedings take place after which all the shareholders and directors will be declared insolvent. they will not be eligible to enter into any business transaction. so there…
“First they came for the Socialists, and I did not speak out—Because I was not a Socialist.
Then they came for the Trade Unionists, and I did not speak out—Because I was not a Trade Unionist.
Then they came for the Jews, and I did not speak out— Because I was not a Jew. Then they came for me—and there was no one left to speak for me.”
…. so there will be no second tabloid for member and his cartel to operate. they will die poor walking the streets of Lusaka.
From some comments, it seems even if Mmembe murdered someone in cold blood and got arrested for the crime, some people will call it an assault on press freedom! Zambians let us be objective and call a spade a spade. There is something wrong Mmembe has done that is punishable under the laws of Zambia. All the judges ruling against him are not fools. Other Zambians are answering to the same laws so it is simply stupidity for someone to want expect Mmembe to be treated differently. No- we refuse as Zambians- we want rule of law and not a Banana Republic. For me, Mmembe is the biggest hypocrite Zambia has ever had. He pretends to want to expose corruption and yet he is busy involved in criminal activities of failing to pay tax which he has collected from employees and the Zambian public. Are…
too bad it has reached this far. Fred Mmembe is my mentor. he did not keep silent when things were wrong instead he stood up and got involved. he was the light which exposed them. long live my hero.
BA LT improve your English there is nothing like ” has commences ” mwebo do you have editors?
Have not seen how ECL is connected in this Liquidation saga,
I am wondering too…..
Mmembe didn’t want to keep his A R S E shut tight!!! Ever ukusabaila
The employees first deserve a chance to buy The Post. Any good investor must purchase The Post and then turn it into a profitable media house. Some egoistic people mislead Fred into making costly mistakes. A company must operate ethically and profitably. It is ethical to settle debts and pay taxes in good time. The word ‘government’ is a misnomer. It is ordinary folks that run government. It is better to utilize words that are objective but respectful to enjoy support in time of need. Each country has got its own level of cultural development. Towards the end, many government officials saw The Post as Public enemy No 1.
Really the post is finished they can’t even afford a simple marker and a real placard.When the post was defaulting taxes with impunity the owner was coming out as if he is a saint.He has destroyed a lot of good names in Zambia.FTJ,(RIP),VJ whom everyone perceives as an international chief rigger now its is turn to dance to vimbuza dance.FYI-Every paper that he printed attracted VAT plus PAYE deducted from his poor workers which in turn was not remitted to ZRA this accumulated to millions of dollars in debt.
Even when someone gets constipated they will say Lungu master minded it.
its a chain. at the end of the day we will all feel the heat of the hummer. the supplier who was supplying to the post and sustaining his or her family , then it goes down to the workers , then the families and dependant’s…. I feel the closure has done more damage than good. coz even the same taxes you are crying for are you sure you are going to benefit from that money or its going to the usual beneficiaries like always? lets think other than being selfish.
Chile you responded over my comment – what have you got to say over “The Mast” now.
ZAMBIA IS DOOMED COUNTRY WHETHER YOU LIKE IT OR NOT BECAUSE THAT IS NOT GOING TO CHANGE THE ECONOMIC HIGHWAY. REMEMBER MINING COMPANIES ARE OWED HUGE AMOUNTS OF MONEY IN VAT REFUND,CONTRACTORS BILLS ARE ACCUMULATING,PENSIONERS BENEFITS OF OVER 3000 RETIRED WORKERS UNPAID,SUPPLIERS OF SERVICES AND FOOD i.e HOSPITALS, BARRACKS etc. NO WONDER THE MINES ARE SHUTTING DOWN THEIR SMELTER PLANTS. THIS SHOULD SERVE AS A LESSON TO THE PF. WAKE UP AND BE RESOLUTE. DO NOT TRY TO SQUEEZE OTHERS WHEN YOU ALSO OWE. GOD WILL CONTINUE PUNISHING YOU.