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DBZ MD lands in jail, paid children’s school fees with bank money

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The Anti-Corruption Commission has arrested the Managing Director at the Development Bank of Zambia (DBZ) for abuse of authority of office involving K 781, 195.78.

ACC Spokesperson Queen Chibwe said Samuel Bwalya, 51, of House no 28, Sugar Street in New Avondale, Lusaka, has been charged with 12 Counts of Abuse of Authority of Office.

Ms Chibwe said on multiple occasions between May 1, 2020 and July 30, 2021, Bwalya, a public officer and Managing Director for Development Bank of Zambia, did abuse the authority of his office in the manner he arbitrarily directed the payments of school fees for his children using public funds belonging to Development Bank of Zambia.

She said the act was prejudicial to the rights and interests of the Government.

Bwalya, using public funds, made 12 separate payments of   £ 15, 980, equivalent to K 417, 900.97, R 106, 324, equivalent to K 132, 435.09, and R 90, 205, equivalent to K130, 709.94. Other payments were R35, 160.61 equivalents to K 39, 028.28, K10, 540, K 9, 000, K 8, 111.50, K 8, 420, K 6, 980, K6, 840, K6, 560, and K 4, 670,” she said.

Ms Chibwe said the funds were paid to different schools in the United Kingdom, South Africa, and Zambia.

Bwalya has been released on bond and will appear in Court soon.

Meanwhile, the Anti-Corruption Commission has arrested Chirundu District Education Board Secretary (DEBS), and two other officials for theft and forgery.

Veronica Mubanga, 53, of Chirundu High Cost, has been charged with one count of Theft by Public Servant.

Others arrested are Obert Sibajene, 50, of House Number 8 Teachers Compound, Chirundu Secondary School, who is the Chirundu District Guidance and Counseling Coordinator (DGCC) and Njekwa Njekwa 41, of Mazongolo Township, the Chirundu District Resource Centre Coordinator (DRCC).

Sibajene has been charged with one count of Forgery while Njekwa, has been charged with two  counts of Forgery.

Sibajene and Njekwa on separate occasions, forged an Accounts Form 44A purporting to be a retirement form for a certain Eddie Zaza when in fact not.

The trio has since been released on bond and will appear in court soon.

Alice Nachilembe

Alice Nachilembe is a Journalist who yearns for a better country with leaders being accountable to their mandate without oppressing the governed.

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