Wednesday, February 28

Admarc To Dispose Off K107 Million Vehicle

State grain trader, ADMARC intends to dispose-off the K107-million vehicle purchased by its suspended Chief Executive Officer Rhino Chiphiko.

ADMARC Board Chairperson Alexander Kusamba Dzonzi has revealed that a meeting that is yet to be sanctioned by the Board will discuss the matter.

Chiphiko was interdicted on May 20 this year following the purchase of the expensive official vehicle, apparently without the approval of the board.

He was told to appear before the Board 14 days after his suspension, but it has delayed due to financial constraints.

ADMARC is currently facing serious financial challenges as evidenced by its failure to pay staff salaries on time.

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