THE National Pensions Scheme Authority (NAPSA) has refuted media reports that President Banda influenced the sale of 1,500 acres of land at an exorbitant price of US$15 million to Meanwood Property Development Limited without following tender procedure.
NAPSA director general Stanley Phiri said at a press briefing in Lusaka yesterday that the President had nothing to do with the transaction because the authority operates within the confines of corporate governance structures.
“We wish to categorically state that the issue of any external influences from anywhere including the Republican President does not arise at all. Further, the board of management of NAPSA operates within the confines of corporate governance structures with no influence from the President or indeed any other external bodies,” Mr Phiri said.
He said NAPSA operates in line with the Public Procurement Act number 12 of 2008.
Mr Phiri said in the case of Meanwood Property Development Limited, the final approval was given at a Management Procurement Committee (MPC) meeting held on December 30 last year after exhausting all the necessary processes.
He said during the period between December 7 last year and January 24 this year, the MPC was mandated to preside over such matters until the release of a circular on January 24 which introduced a committee to take over the functions of the central tender committee.
Mr Phiri said through laid down procedures and investment guidelines which govern all investments of the authority including the Levy Business Park, Nyumbayanga housing project, Kalulushi Housing project and others, President Banda has not in any way influenced the decisions of NAPSA investment plans.
He said in the case of Meanwood, an independent valuer was engaged through a selective tender to value the land and give an indicative selling price.
“On this basis, the authority proceeded to negotiate the price and purchased 1,500 acres in a prime area near the new American Embassy, after the due process was exhausted,” he said.
Mr Phiri said it is unfortunate that the Post newspaper did not even attempt to approach NAPSA for clarification on the matter and the authority had difficulties appreciating the basis of the allegations.
He said NAPSA management would have gladly explained the issue to the Post about the futile efforts it has made and continues to make in trying to acquire land from the Ministry of Lands and the Lusaka City Council.
Mr Phiri said the NAPSA management committee presides over all matters, which are discussed at length before decisions are made.
He said the issues need further input and are taken to the next level as per NAPSA regulations, which later refer them to relevant committees of the board.
“Above all, NAPSA recognises and abides by its mission and vision statements which call on it to prudently administer the members’ funds and add the highest value for the benefit of contributors and pensioners,” he said.
On Tuesday, The Post newspaper published a story suggesting that President Banda influenced the sale of 1,500 acres of prime land to Meanwood Property Development Limited in a bid to raise funds for campaigns.
Meanwhile, MMD National chairman Michael Mabenga says the MMD has never received money from any parastatal for party activities or campaigns.
He said in an interview yesterday that there was no truth in the statement alleging that MMD intends to obtain money from NAPSA for campaigns.
“Getting money from private institutions is not one of the ways the party raises its money,” he said.
He said NAPSA is a parastatal and government does not interfere in its operations. Mr Mabenga said the MMD treasurer Suresh Desai has been tasked to raise funds for the convention.
He said the party has not even drawn the budget for the convention as it is still looking for money.
“If MMD had money to hold the convention, it would not be bothered to hold fundraising events,” he said.
He challenged those who are making the allegations that the party is making money from NAPSA to produce evidence so that they can be proven wrong.
[Zambia Daily Mail]