THE latest Auditor General’s Report on the accounts of the republic has revealed that government failed to recover about K1 billion which was lent to Konkola Copper Mine during Milingo Lungu’s time as provisional liquidator, as at May 31, 2022, despite it being due for repayment on November 5, 2021. And the report has revealed that the Ministry of Finance and National Planning failed to provide any monitoring and evaluation reports on the utilisation of the advanced loan to KCM, hence it could not be ascertained whether the funds were utilised for the intended purpose. The report revealed that on May 6, 2021, government through the Ministry of Finance as the lender and KCM as the borrower entered into a…...

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