Thu, 06 Apr 2017 09:53:45 +0000 By CHIKUMBI KATEBE ZAMBIA Federation of Disability Movement Organisations (ZFDMO) has lost property at lot 16543/M. Kafue to the Citizens Economic Empowerment Commission (CEEC) which it used as collateral when it acquired a K1.5 million loan from the latter. In a writ of possession filed before the High Court on 30th March 2017, CEEC has been commanded to immediately enter and take possession of the said premises. High Court Justice Ireen Mbewe of the Commercial division in her judgment ordered that the disability movement pay K666, 893.96 being the amount outstanding as at January 2016 or lose their property which was used to secure in the loan. This is in a legal suit over the K1,500,000 obtained by the disability movement as a loan from CEEC, which it has failed pay back despite a High Court Judgment of 26th December 2016 which ordered a 45 days grace […]
Disability association loses property over K1.5m CEEC loan
