THE Anti-Corruption Commission yesterday recorded a warn and caution statement from Development Bank of Zambia Managing Director Dr Samuel Bwalya over alleged abuse of office. On Tuesday, News Diggers published findings of an investigation in which it was revealed that Dr Bwalya abused his authority of office by using public resources exceeding K1 million to pay tuition fees for his children at various schools locally and abroad. An internal audit carried out this year also revealed that the bank paid over K780,000 for the Managing Director’s children just between 2020 and 2021, which is outside his conditions of service. On Thursday August, 13, Dr Bwalya wrote to DBZ Treasury, demanding that a payment is processed for his daughter’s tuition school...

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