Economic expert, Naylor Kopakopa has described the Citizens Economic Empowerment Commission (CEEC) as a fundamental failure that must be dissolved immediately to save public resources from being siphoned through a broken lending system. A check by the Zambian Business Times – ZBT, in the latest Auditor General’s report on parastatal bodies had exposed a staggering scandal where the commission’s non-performing loans have reached an unbelievable rate of 92% to 97%. Speaking in an exclusive interview with Zambian Business Times – ZBT, Kopakopa stated that the commission is effectively denying legitimate citizens access to capital by failing to recover funds from...
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