Sun, 18 Feb 2018 11:55:36 +0000 By HAPENGA HAAMUBBI A NEW investigative story (“Saturnia Panics”, Daily Nation, February 14, 2018) aimed at exposing the multiple identities and ownership of Saturnia, a pension fund registered under Trust is believed to be a multi-employer scheme which handles contributions from about 142 employers. But in failing to follow the transactions, talk to key members of the Board of Trustees and explore the company’s conflicts of interests, Saturnia’s multiple shell companies and financial practices, the Registrar of Pensions and Insurance Authority, Martin Libinga dodges and falls a long way short, as yours truly explains the truth about shell companies in this matter. It is common knowledge that pension funds at Saturnia Regna Pension Trust Limited are administered and managed respectively by Benefits Consulting Services Limited and African Financial Services Limited, that are both allegedly owned by Munakupya Hantuba, the UPND leader Hakainde Hichilema and Valentine Chitalu the former chief […]
