President Lungu wants to remove ZCCM-IH CEO-Savior Chishimba

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UPP’s Savior Chishimba
UPP’s Savior Chishimba

UPP leader Savior Chishimba has claimed that President Edgar Chagwa Lungu unilaterally ordered ZCCM-IH to discontinue the fraud case in which it ZCCM-IH is seeking to recover US$1.4 billion it claims First Quantum Minerals swindled it.

Mr Chishimba also claims that President Lungu is now seeking the removal of ZCCM-IH Chief Executive Officer Pius Kasolo for his noble fight to protect and secure national interests by suing FQM.

He said President Edgar Chagwa Lungu ought to know that national interests are bigger than his pockets and those of the corrupt ministers he continues to maintain and defend.

Meanwhile, UPP leader says his party is investigating the irregular sale of the 17% stake in ZCCM-IH, to an unknown Israeli Company called Sapir Capital Group.

He said investigations so far have revealed that the Israeli company in question does not even have a proper street address.

The street address purported to be that of Sapir Capital Group, the company rumoured to be buying ZCCM-IH shares
The street address purported to be that of Sapir Capital Group, the company rumoured to be buying ZCCM-IH shares

Mr Chishimba said the images that the party’s international investigators have so far managed to get about the possible whereabouts of the company show that it does not have a proper address.

He said a firm with such offices cannot buy ZCCM-IH.

Mr Chishimba said the UPP is currently fundraising United States Dollars Twenty Thousand only (US$20, 000) to finalise intelligence gathering on this and other related PF economic crimes.

“We shall be able to give a full exposition of the saga and announce the next course of action to stop the rot. We are still left to wonder as to the real purpose of President Edgar Chagwa Lungu’s tourism in Israel. UPP verily believes that the trip was primarily undertaken to seal such an irregular deal. It’s customary by corrupt African leaders to use proxies as a way to plunder public resources,” he said.

“Worse still, we, in the UPP, are astounded that SAPIR only acts as an agent and merely conducts public/private debt/equity offerings which are made available to SAPIR’s Investors who then individually determine whether they wish to invest in an offering,” Mr Chishimba said.

He said it is laughable that the PF administration could auction the financial soul of the nation to a street vendor in so far as the magnitude of the wealth of the nation at stake is concerned.

“Further, we shudder and become wordless, in such a situation, how a sensible leadership could put on sale Government’s stake in ZCCM-IH for a joke of $100 million. The billions of dollars which have been wired into the pockets of criminals in the PF-MMD regime will be recovered when the fast approaching day of reckoning finally arrives,” he said.

“UPP is fully aware that in the last 6 months, ZCCM-IH has won lawsuits against KCM and Kansanshi and they (ZCCM) got a payment of $200 million and 103 million respectively,” he added.

“Is $100 million worth the following shareholding of ZCCM-IH? 20% in Kansanshi mine; 10% in Mopani mine; 20% in Lubambe mine; 15% in NFCA PLC mine; 15% in Chibuluma copper mine; 10% in Chambeshi Metals; 20% in CNMC Luanshya mine; 15% in Maamba coal mine and Thermal Power Plant; 20% in Copperbelt Energy Corporation (CEC); 100% Ndola Lime; 50% in Kariba Minerals Limited; 10% in Nkana Alloy Smelting Co Ltd; and 10 % Investrust Bank Plc.”

This is is the street address purported to be that of Sapir Capital Group, the company rumoured to be buying ZCCM-IH shares
This is is the street address purported to be that of Sapir Capital Group, the company rumoured to be buying ZCCM-IH shares

70 COMMENTS

    • If you are looking for a definition of ‘delusional’ i have some good news for you.

      You dont have to, all you need to do is look at Chishimba

      I hold a PhD

      Thanks

      BB2014,2016

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    • I understand why Guy Scott did not want Lungu to be President. Lungu has no vision no philosophy or ideology. There is no direction in this Presidency whatsoever. The country is auto-piloting at the moment. Mr Lungu wants to be recognized as president, for which he is prepared to kill and to be candidate for 2021 (Corruption need not be mentioned that is in his blood). Those are the main things he wants to achieve. This guys is sick!!

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    • Let me substantiate what I have just said above. Unlike some people who are constantly reminding us that they hold a PhD, which is nice that we have another Zambian/’Scot’ with a PhD, I have read all the news this hour, including fake news. e.g. Chituwo arrested for corruption, the state of affairs regarding the treason case and all the strange things our president is embarking on then made a picture. Lungu is now on an anti-corruption crusade in addition to punishing HH and campaigning for 2021. I thought PF was a pro-poor party which is supposed to be doing things to champion that cause but my word the man is all over the place. Like I said no vision no philosophy or ideology no direction. Looking for a definition of ‘delusional’? I have some good news for you. You don’t have to, all…

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    • By the way I am not saying that Guy Scott was supposed to choose a President for us, we were. But what guy Scott, a patriot and a founding father of PF did not want was to expose that the country to end up ruining PF and doing a dis-service to the Zambian people who did not know what was to come. you were looking for a definition of ‘delusional’ and ‘rubbish’ Guy Scott had news for you then. This Presidency that we have at the moment.

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    • Nonsense, what does he know?

      Instead of growing his party he is being an alarmist for nothing.

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    • I hope Chishimba does not attempt to fly to Israel as he will be just disappear in thin air never to be heard of. With this much money involved Chishimba cover your back Israelis are not to be messed with and docile Zambians will never come to your aid.

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    • Sorry about the errors on the last posting, like our Presidency I was all over the place. ‘ALL OVER THE PLACE’ is contagious. My excuse: I just picked it from you know who and I sign off, No No No this key board is sweet. I am key board happy at the moment because Dr. Kambwili will not be using CIA or FBI to close ZWD or LT since he is out of favour on the other side. Well a year is very long in Politics. Kambwili is now our friend and we are fighting together on the same side of the fence. Lungu will also join us. Remember the Public order and General Miyanda. The POA is actually his baby in it’s current form and where is he now? With us. I sign off now.

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    • Thank you President Chishimba for new revelations of corruption practices under pfool regime.we have been sold to the chinese…

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    • Great Job ba Chishimba. That street looks like Kamwala 2nd class.

      ECL claimed he had been invited by Israeli PM Netanyahu yet the PM wasn’t even in the country. Even when he came back to Israel, he only met ECL for 30 minutes.

      The real reason for the trip has come out. They went to buy ZCCM-IH for themselves. Technically with 17% of ZCCM-IH ECL is now richer than Dangote.

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    • That’s the reason they want to bring dictatorship. Bcoz they’ll go to jail once HH takes over. They have no boundaries when it comes to stealing.

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    • This is very painful. You cannot allow a convicted criminal to hold the office of presidency, this is the result. Some of us we saw how irresponsible this drunkard is before accidentally becoming president. Even the f00ls and directionless clergys who are today singing his praises know how dull and irresponsible the man is but they have to eat. When intrusted with power dull people always award praise singers handsomely as the case is in that country of docile guliible dull people.

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    • The Bible says that you should hear BOTH sides before you judge.

      Ecclesiastes 7:18
      It’s best to stay in touch with both sides of an issue. A person who fears God deals responsibly with all of reality, not just a piece of it.

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    • SAPIR CAPITAL GROUP LTD
      Sderot Yerushalaim 6
      7752303 Ashdod
      Israel

      I just went on Google maps Street-view. Mr. Chishimba has a valid concern. It’s like a HOMELESS MAN with torn shoes, torn underwear buying a Ferrari.

      There’s no way a company from that slum can have $100 Million. Definitely there’s something fishy about this transaction.
      – Why was the sale made without following proper channels with several companies bidding?
      – Why was one company hand-picked?
      – Why was a company with NO mining experience picked?

      No wonder they want HH incarcerated for life/till death.

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    • perfect (2.1) Please, what is the topic which you are attempting to refer me to? You appear as if you are not correctly following our discourse. Please, you are more than welcome to correct me if I am wrong, nonetheless, you must attach hard facts with acceptable sources. I noticed that you accused me of having had said that HH is very educated. I didn’t say that. Read all my comments very carefully in their original form and, do not paraphrase them. You incorrectly paraphrased what I said and, your personalised analysis altered the meaning of my original utterances. Carefully compare your comments and my comments in their entirety. Such an approach can and shall give rise to your continual excellent analysis. Reading and listening are among the best skills

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    • Perfect (2.1) Please, kindly fill the knowledge gaps or fill in the blanks for me. What criterion or benchmark do you apply when you measure the level of education of HH? Where do you place HH’s qualifications in your own Richter Scale Chart? Please attach scholarly evidence to all your responses to the two questions which I just formulated. You strongly indicated that HH is the most dull politician. Please, define your contextual semantics for me. In whose interests would you allege that there is a general structural problem with Tongas and HH. Ironically, you did not say anything irregular about the Easterners and Lungu. Have you undertaken any research work in regard to whatever you said? Did you have a representative sample which you can use as a justification to support your…

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    • Perfect (2.1) You strongly indicated that HH is the most dull politician. Please, define your contextual semantics for me. In whose interests would you allege that there is a general structural problem with Tongas and HH. Ironically, you did not say anything irregular about the Easterners and Lungu. Have you undertaken any research work in regard to whatever you said? Did you have a representative sample which you can use as a justification to support your allegations? I advise you to think very carefully by using acceptable procedures and methods, prior to making wild and reckless statements. Thank you. Please, attend to all my comments and avoid verbose.

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    • It’s like Zambians have become immune to corruption. They turn a blind eye to PF’s rampant corruption.

      This is bigger than FTJ’s Zamtroop. We are talking of ZCCM-IH $BILLIONS this drunkard is trying to steal from Zambians, not FTJ’s $Millions he stole.

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  1. Data for sure. No wonder our beloved President gets rich so fast. By the end of the five years in power, he will be richer than Bill gates. Zambians are the ones who will suffer. Ukuvota icivotevote.

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  2. My God, please carry on the fight Mr Chishimba. Expose them and their corruption. They don’t care about Zambia. Their day of reckoning is coming indeed.

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  3. This is an information age, we live in an internet era, let the corrupt people know that. It’s difficult to hide your dirty deeds.

    Is Lusaka Times going to survive for a long time? The Post newspaper was closed for exposing corruption.

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  4. When we tell you lungu is the most corrupt leader with out a Gramm of morals , the kaponyas say we are bitter.

    I dare lungu to let investigators determine how many 10s of millions dollars he has accumulated if he is not corrupt……his wealth must now be approaching the 60 million Mark.

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    • The shocking thing is even that $60 million as a conservative figure would be frowned at by kaponyas like njimbu who will say that is peanuts….

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  5. THIS IS WHAT WE EXPECT FROM THE OPPOSITION.CHECKS AND BALANCES.NOT COMMITTING CRIME AND INSULTING ELECTED LEADERS.WE HOPE THIS MAN IS NOT DREAMING.

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    • @8 BJ, Great comment, that is what has been my view too! In fact it makes me conclude that the INSULTING GUY HAS A SIMILAR AGENDA OF WISHING TO ENRICH HIMSELF AT THE EXPENSE OF THE NATION. He has NO RECORD OF PROTECTING NATIONAL BUT PERSONAL INTERESTS, hence his bitterness! IF what savior is saying is TRUE, then we should be looking up to him as an ALTERNATIVE!

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    • @BJ It seems you would be more cross if I stole your car & house than if I insulted you.

      There’s an elephant in the room (lungu’s theft of ZCCM-IH) but you are diverting attention to the housefly (insults)

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    • REMEMBER THAT CREDIBLE ELECTIONS WILL KEEP THIEVES AWAY FROM THE “TILL”. RIGGING SENDS US 20 YEARS BACKWARDS IN TERMS OF DEVELOPMENT, IN FACT IT IS THE BREEDING GROUND FOR CORRUPTION. THEREFORE IF YOU DON’T HAVE ELECTION / RIGGING ISSUES RESOLVED NOW, FORGET ABOUT ANY FREE AND FARE ELECTIONS ON FUTURE.

      REPORT

      The impact of Electronic Voting Machines on electoral frauds, democracy, and development

      Shamika Ravi
      Monday, March 20, 2017

      Free and fair elections is a cornerstone of democracy. In India electronic voting machines (EVMs) were introduced with the objective of reducing incidents of rigging and electoral fraud. We exploit the phased roll out of the EVMs in the state assembly elections to study its impact on democracy and development. In terms of democratic outcomes we…

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  6. Better to have these positions by interviews. Then you get the best brains who will work without fear of being fired by an appointing authority

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  7. Sorry he is always bringing up unfinished dreams. Ask him for more information or how or who is who or who did this or that, when it was done the answer will be none. He is a false alarm.

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  8. U5 was swindled out of undisclosed amounts of money by the cartel with a promise to deliver a landslide victory in 2016. Before that the cartel swindled DBZ, NACLetc. Now Saviour Chishimba wants to swindle U5 out of Usd20,000, for propaganda to get U5 into plot 1. Didnt Chishimba visit U5 recently, to strike the deal of course? Laughable, is U5 ever going to grow up or rather how many fifth birthdays is he hoing to celebrate? Very soon when his financial empire collapses U5 will be crying and blame Lungu for his own f.oolishness and gullibility…..oh I forgot we are dealing with **********….hiho hiho hiho…..kikikikiki

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    • Bally, this thread is about lungus corruption…….where does it mention HH ?????
      Try to tell about lungus archivments to counter the argument.

      Hehehehe baldly, stop having wet dreams about HH and his wealth…..and his wife…..

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  9. And Hospital senior nursing officer Mary Banda has disclosed that Chainama Hills Hospital attends to about 120 men with mental challenges caused by drug abuse monthly, which they attribute to pressure of providing for their families.
    Mrs Banda said in an interview in Lusaka yesterday that powdered tobacco is highly addictive, especially when mixed with other drugs, and can lead to a person becoming violent.

    Tumfweko

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  10. And Hospital senior nursing officer Mary Banda has disclosed that Chainama Hills Hospital attends to about 120 men with mental challenges caused by drug abuse monthly, which they attribute to pressure of providing for their families.
    Mrs Banda said in an interview in Lusaka yesterday that powdered tobacco is highly addictive, especially when mixed with other drugs, and can lead to a person becoming violent.

    Tumfweko

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  11. Can Mr. Kakoma Kanganja please arrest this ***** of an alarmist who is using his madness as an excuse to just wake up and start talking about things he does not even he himself believe in. First it was malawi maizegate scandal which came to nothing and now ZCCM-IH. I think we need a proactive IG of police and not what we are seeing from Mr. Kanganja. If the removal of the C.E.O indeed rests with the President, what problem does this tramp have with that? This is exactly what Amos Chanda has been saying that if there is no democracy in Zambia, characters like this one would have been fed to the hungry crocodiles of lake Kariba, but because we have freedom of speech even f00ls like this one just rant as they please. By the way what has happened to his case concerning allowances he…

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  12. Interesting…what is amazing about this clown is that he brews up such a huge whirlwind which usually falls flat on its face. I hope he has facts and evidence to his latest tantrums because when you start hitting these levels of accusing the head of state of corruption, you should be prepare yourself for the backlash-IT CAN BE SEVERE!!!

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    • Give an example when this evidence has turned up to be fake? Maizegate? Why no one sues him…ZRA Chief has tried to shut him up with lawsuits but nothing.

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    • ..but you have just said it yourself: MAIZEGATE!! It was a total hoax on the Zambian side as it was purely a Malawian problem. The ZRA court case is coming up soon, no wonder he no longer talks about it for fear of contempt. This guy is a total bozo: all talk and nothing to show for it except his 1diotic dressing!! Look, the only way we are going to clump down on corruption is not through clowns like this guy or the
      Mwanawasa/M’membe/Nchito method, but by investing in strong well structured institutions that have to be well funded and staffed by the best brains and personnel Zambia has to offer, not clowns and hyenas parading themselves in the media and pointing fake accusing fingers at their perceived enemies, NO!!!

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  13. There are no economists left in PF. Money is by definition a scarce resource. Money does not rain. Those that lend you money want it back with interest. When IMF gives you a loan, it is not because they love you. They are in business. There won’t be a second debt forgiveness after we have messed up our first opportunity. This is why our country is currently bankrupt and will soon be auctioned to the Chinese most likely who are looking for stoopid countries to exploit. Ba PF, control your borrowing. It is no longer a jocking matter. Stop dreaming funny dreams and building castles in the air. We have too many abandoned projects that stand as a witness to PF’s recklessness when it comes to expenditure. A family that wants to have 5 mortgages and 5 motor vehicle loans and many more kalobas…

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  14. soon runs into serious financial and social trouble. The mess we are in requires financial surgery and not cosmetic rhetoric! Deep spending cuts are needed starting from the top. The size of government requires trimming. The civil service has over employed incompetent cadres. Foreign missions must be reduced by 50% or more. Stop all infrastructure projects that have little or no immediate impact on our GDP! Stop meddling in the ZCCM saga Ba Chagwa or you will burn your fingers. Do not obstruct justice. If we do our homework well, you will realize that with the right brains running our economy, we don’t even need that IMF bail out! It will just lead to more misery. We need to live within our means!

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  15. Saviour Chishimba is an alarmist.
    Check what he has said “we are trying to raise US$20 000 for this work”.the nigga is broke and the only way of him raising some ngwees is by writing lies about PF Govnt-shame!!
    As for you “spaka like lilo”,i told you never to call me a “kaponya”, because the known kaponya is your “FATHER”.its not me who found you a job of cleaning old whitemen abroad.you got it yourself!!!Am not PF but just a neutral Zambian and i enjoy my life in Lsk.i spent 10 yrs in Europe and that was enough.as you get old there,here we are busy building properties and growing our businesses,so keep on wasting your time abroad as you wait for your tonga god HH to rule Zambia in 2099!!

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    • This is the problem with silly Zambian cadres even when someone is assisting them they think there is something…surely do you honestly telling lies in public about a govt can be profitable?
      Anyway I have no respect for lost dumb idio.ts that use that N word thinking its “cool”.

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    • Njimbu

      You are nothing but a shakers kaponya theif….you proudly told us it rains money around lungu ……as for living in Zambia, that is my choice….i can’t live among shameless theives like you while people starve and die before my eyes.

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  16. By 2021 Lazy Lungu will so rich that he will be lecturing us about hardwork…FDD this what you should be doing.
    I salute this man!!

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  17. Yes he will be rich, do you expect the president to come and start begging after leaving office? He is always on the move working so he should be paid what is entitled to him. What do you think yr HH is fighting for if it is not money? Being the highest paid in the country who does not even buy meal meal as the government feeds him so he cannot save.

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    • Yes like save $2.3 million in 10 months in office. Lungu must have the best accountants…..

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  18. A good example of madness is you Mushota.Leave the Dr Chishimba alone. We are patiently waiting for him to finish exposing the pf corrupt era. I don’t like you.

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  19. Chishinba seems to have incriminating data. Investigative agencies must take interest in knowing where our resources have been going. Rich as we are, few individuals are busy enriching themselves.

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  20. Chishimba ,Chipimo, FDD are good opposition parties. They are providing, checks,good advise and constructive criticism not this useless party called UPND.

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  21. Edgar lungu makes FTJ look like an angel. The magnitude of his theft is beyond imagination. From eating a widows money to Stealing ZCCM-IH!!!

    What can’t this man steal? He’s stolen our democracy via rigging to brutalizing the opposition.

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    • ooooh, I feel for you zoonest! I know you wish Fred was around to trumpet your lies and falsities like you did with FTJ. It’s a new world, donkey, where the rule of law exists; not concentrating power in a few individuals where they just point a finger at anyone and they persecute that person with falsities while the post newspaper “court” trumpets the lies. PATHETIC SYSTEM IT WAS!!! God forbid, it is never coming back!!!

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  22. I can’t say I understand PF’s Mines policy at all. It looks as though our Mines are not for the people. But Pius has been successful in court and should be the peoples hero.

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  23. Mushota, is not female and this mushota, has no PhD, His rael names are Jonnathan Mushota. A cadre for a certain political party. You know what it is man.

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    • I don’t understand why he disguise himself like someone is looking for him. This is an open fora, I don’t why he’s doing that like we know him already. It’d be necessary when it has to be, but a blogger on LT? Why hide yourself?

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  24. SAPIR CAPITAL GROUP LTD
    Sderot Yerushalaim 6
    7752303 Ashdod
    Israel

    The correct street address for SAPIR CAPITAL GROUP

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    • @ XRIS
      I just went on Google maps Street-view. Mr. Chishimba has a valid concern. It’s like a HOMELESS MAN with torn shoes, torn underwear buying a Ferrari.

      There’s no way a company from that slum can have $100 Million. Something is fishy about this transaction.

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  25. Eastern people are hear to destroy this country Ruphia Banda did the same selling Zamtel, Dora Skate did the same today is Lungu selling ZCCM IH. The worst leadership Zambia has ever are from eastern province. including tribalism. that’s the reason POST NEWSPAPER was closed.

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  26. I don’t see any reason selling ZCCM IH Shares tell as all this year. Create don’t sell what has been created already

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  27. 99% of comments are not wealth it you are giving just ask yourself way selling ZCCM IH shares today. and what was the reason of selling Zamtel then return it. Do you mean we are not capable of running this companies. what empowerment the government talk about every day if companies like ZCCM IH are being sold.

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  28. Zambia must introduce a law to confiscate passports of all politicians once they leave public office,
    in order to facilitate for investigations into their previous dealings or shall we say , ‘ PUBLIC CLEARANCE’.
    This must include the office of the Republican President.
    I thank you.

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  29. It could be political BUT guys if you google on this ka Sapir Capital Group you will neither see phone numbers nor ka physical address. They will simply ask you to fill in ka form…..Capital Group hiding their ADDRESS is food for thought!

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  30. These are the type of politics that we need .Thanks so much Dr Chishimba .These are the checks and balances that a democracy needs .We need answers for all of this .Silence is what cost us in the first privatization drive and we should not let that happen again .Government need to give us a reason to trust them on national issues .A big thanks

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