Wed. Apr 24th, 2024

Admarc CEO Buys K107 Million Car Without Board Approval

By Suleman Chitera Apr18,2022

▪️Following the purchasing of an expensive vehicle for the current Chief Executive Officer Rhino Chiphiko, Parliamentary committee on Agriculture is expected to summon ADMARC officials to explain the source of income for the purchased vehicle.

Chiphiko no mercy on Admarc financial challenges
Chairperson for the Committee, Sammer Suleiman said this on Sunday, April 17, 2022 in an interview

Suleiman said the committee will invite the Admarc officials soon to the committee meeting to find out the logic behind the move.

He said it is very sad for the corporation to behave that way at the time the institution is struggling financially.

Suleiman adds; “We don’t need such luxury while we are failing to pay salaries and even sustain our business. As a committee we have been fighting for Admarc to get extra funding from government in order to boost its business and to save it from collapsing.

“This is totally the opposite , we seriously lack political will and commitment for this institution”.

Agriculture Development Marketing Corporation (ADMARC) has been struggling to operate due to serious financial crisis and begged the Parliamentary committee to source funds for it’s operation.▪️

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