In a statement yesterday in Kitwe, Copperbelt MMD information and publicity secretary Chicco Chibale said the youth are disappointed that Mr Shakafuswa has continued issuing derogatory remarks against Government.
“Our action is necessitated by the article attributed to him in the press on 25th December, 2010, headlined ‘Mahtani’s fixing amounts to witchcraft’.
We are very disappointed that a man of Shakafuswa’s calibre could exhibit such kind of ignorance on the roles of the central bank of Zambia,” Mr Chibale said.
He said it is the duty of the Bank of Zambia to safeguard the interests of every client who saves money with any banking institution in Zambia.
Mr Chibale said the Bank of Zambia is mandated to regulate the operations of all financial institutions according to the law.
“It is further mandated to revoke the practising licences of those financial institutions found wanting. Based on these facts, as MMD youths, we commend central bank Governor, Dr Caleb Fundanga, for the timely action in accordance with his jurisdiction.
“We also want to remind Shakafuswa that many Zambians have seen many developmental programmes the President Banda administration has been able to put in place, and are happy with the government of Mr Banda,” he said.
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