THE Auditor General’s report on accounts of parastatal bodies for the financial year ended December 31, 2021 has revealed that the National Pension Scheme Authority was owed over K26 billion as at May 31, 2022, in unpaid contributions and accumulated penalties by employers. And the report has revealed that as at December 31, 2021, NAPSA had paid amounts totalling K342,824,415 to Nyimba Investments Limited and Bantu Capital Corporation Zambia Limited for the purchase of the Baobab land, when the Board approved the amount of K148,768,098. The report disclosed that during the financial year ended December 31, 2021, the Authority collected amounts totalling K102,525,279 as rental income leaving a balance of K174,477,747. “Section 15 (1) of the National Pensions Scheme Act...
![](https://diggers.news/wp-content/uploads/2024/08/P1-20_page-0001-1-1-420x646.jpg)