Fri, 16 Jun 2017 09:32:56 +0000 By BENNIE MUNDANDO LAKE Petroleum is demanding US$15 million from the Daily Nation following a series of articles exposing an oil import scam in which the oil firm used forged papers to import oil into the country. The illegal imports and forgery was confirmed by the Zambia Revenue Authority (ZRA) who proceeded to impound the oil company’s tankers as well as sanctioning Lake Petroleum, for an illegal and criminal act that is not in dispute. The oil company has however threatened to sue the newspaper and demanded a retraction and an additional US$ 15,000,000 in damages. However, ZRA has maintained that only 12 trucks belonging to Lake Petroleum were impounded for smuggling fuel into the country contrary to the provisions of Sections 141 and 149 of the Customs and Excise Act, CAP 322 of the Laws of Zambia. But Petroleum Transporters Association of Zambia (PTAZ) secretary general Benson […]
