Secretary To Treasury Was Not Part Of Decision To Close Admarc

Secretary to Treasury Macdonald Mafuta Mwale, whose office holds 99 percent of shares in Admarc, says he was not part of the decision to close the state grain trader for three months.

He says former Minister of Agriculture Lobin Lowe’s announcement on August 31, 2022 came as news to him.

Mwale says no procedures were followed, adding that after Lowe’s announcement, no formal communication was made to his office.

He laments that the retrenchment costs are high and nowhere in their budget.

According to Mwale, government also does not have money for the purported restructuring.

He is appearing before the joint committee of Parliament which is investigating anomalies in various government transactions.

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