by Zondiwe Mbewe on 21 Apr 2019by Zondiwe Mbewe on 21 Apr 2019by Mukosha Funga on 20 Apr 2019by Zondiwe Mbewe on 20 Apr 2019
- Goal Diggers
by Abraham Kalito on 27 Mar 2019by Abraham Kalito on 26 Mar 2019by Abraham Kalito on 26 Mar 2019by Abraham Kalito on 26 Mar 2019
by Diggers Correspondent on 19 Apr 2019by Stuart Lisulo in Lumwana on 19 Apr 2019by Mirriam Chabala on 19 Apr 2019by Stuart Lisulo in Lumwana on 18 Apr 2019
by Zondiwe Mbewe on 19 Apr 2019by Zondiwe Mbewe on 19 Apr 2019by Zondiwe Mbewe on 19 Apr 2019by Zondiwe Mbewe on 18 Apr 2019
- Editor's Choice
by Diggers Reporter on 4 Mar 2019by Andyford Mayele Banda on 29 Jan 2019by Davies Mwila on 22 Jan 2019by Diggers Reporter on 17 Jan 2019
by Diggers Editor on 19 Apr 2019by Diggers Editor on 18 Apr 2019by Diggers Editor on 17 Apr 2019by Diggers Editor on 16 Apr 2019
by Felix Kashweka on 2 Apr 2019by Thomas Mulenga on 29 Mar 2019by McQueen Zaza on 26 Mar 2019by Zindikilani Banda in Sinda on 20 Mar 2019
- Guest Diggers
by Dr Munyonzwe Hamalengwa on 18 Apr 2019by Chisoni Mumba, PhD on 14 Apr 2019by Dr Chisoni Mumba, PhD on 28 Mar 2019by Sishuwa Sishuwa on 25 Mar 2019
Mutati orders audit of Saturnia Pension sagaBy Mukosha Funga on 31 May 2017
Finance Minister Felix Mutati has directed the Pensions and Insurance Authority (PIA) to appoint an independent auditor to assess the financial and operational governance of Saturnia Regna; Zambia’s largest private pensions scheme.
In a letter addressed to PIA registrar Martin Libinga, Mutati said that the audit should be undertaken and completed within thirty days.
“I am directing you to appoint an independent auditor to assess the matter that has arisen in the Saturnia Regna Pension Fund. The audit should be undertaken and completed within thirty days,” wrote Mutati, according to a statement issued by Finance Ministry public relations head Chileshe Kandeta.
Recently, News Diggers! reported that the fate of over K2 billion held in trust for contributors is at stake as bickering and fraud allegations at Saturnia Regna Pension Fund take center stake.
Munakupya Hantuba and several other prominent businessmen, including Hakainde Hichilema have been named in a controversial shareholding structure of Africa Life Financial Services, Menel Management Services and Benefits Consulting Services Ltd – companies which are behind the management of the private pension Fund.
The Board of Trustees has been calling for an Annual General Meeting in an attempt to change the Fund managers, but the latter has sought the court’s intervention although unsuccessful.
Fund administrators (Benefits Consulting Services Ltd) rejected the latest proposal for a meeting which was scheduled to take place yesterday, stating that the current Board of Trustees members were no longer recognized by Saturnia.
Saturnia Regna Pension Fund administrators went further to state that a new list of Board Trustee members had been proposed and the candidates were ready for elections.
But the PIA stepped in and mediated a meeting between the trustees and Benefits Consulting on May 26, at which it was resolved that the AGM would be held on July 14.
And yesterday, Libinga said the successful holding of an Annual General Meeting would help resolve the issues at Zambia’s largest private pensions scheme.
About Mukosha Funga
Mukosha Funga is a Zambian journalist interested in good governance and anti corruption reporting.
- State House cop on shooting rampage over ‘cheating’ girlfriend - 20 Apr 2019
- UPND finally suspends GBM - 19 Apr 2019
- EAZ defends Maggie: Investors are happy with her as finance minister - 17 Apr 2019
- Lungu is smelling defeat, he wants me out – CK - 16 Apr 2019
- Dialogue Forum to ‘fine-tune’ Constitution between April 23 – May 7 - 16 Apr 2019
Subscribe for email alerts
ArchivesMay0 PostsJun0 PostsJul0 PostsAug0 PostsSep0 PostsOct0 PostsNov0 PostsDec0 Posts
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
The News Diggers
Deputy News Editor
Plot No. Lus/9812/649-MC8
off Alex Chola Road
P.O. Box 32147
Telephone or WhatsApp:
diggers [at] diggers [dot] news
editor [at] diggers [dot] news
Send this to a friend