National Movement for Progressive party leader Nga’ndu Magande says president Michael Sata should have waited for the outcome of results from the commission of inquiry he had tasked to investigate the sale of Finance bank before giving it back to Rajan Mahtani.
Mr Magande, who is a former Finance minister, said Presidents Sata’s decision on FBZ may raise uncertainty in stakeholders and members of the public. He said the president should have maintained the pronouncement he made when he directed the ministry of Justice to establish a commission of inquiry to probe the sale transactions of FBZ and ZAMTEL.
“I think he should have allowed the process of the law to be followed. The directive he gave the ministry of Justice to establish a commission of inquiry to probe the transaction was a very good move. The commission could have come up with tangible results,” Mr Magande said.