FORMER Development Bank of Zambia (DBZ) Board Chairperson Noel Nkoma says the longer it took for the Bank of Zambia to take over possession of the financial institution, the more it deteriorated. And Nkoma says there is a need for people to rethink their credit culture. Speaking when he featured on Prime Television’s Oxygen of Democracy programme, Monday, Nkoma said BoZ should have taken over DBZ a long time ago, citing too many legacy issues. “I just want to echo what my appointing authority, Honourable Situmbeko Musokotwane, the Minister of Finance and National Planning, said in his comments in one of the tabloids today. There were a lot of legacy issues of which were quite deep. Issues which I think...

To continue reading this premium content, login to your account or Subscribe to our ePaper using the buttons below.
Log In Subscribe