Post

Sentimental Foodie
Sentimental Foodie@SentimentalCook·
The chickens have come home to roost. Milingo Lungu who was the provisional liquidator for KCM is yet to account for the US$100m advance payment that Trafigura made to KCM. ZCCM-IH signed a guarantee basically saying that if KCM doesn't honour the agreement, come to us. Well in 2023, Trafigura did go to ZCCM-IH and demanded payment under the guarantee. ZCCM-IH didn't pay so in Feb 2024 Trafigura filed for arbitration against ZCCM-IH in London. On 16 Dec 2025, the tribunal issued a Partial Final Award, basically saying that ZCCM-IH can’t simply say “that guarantee doesn’t count.” The tribunal said it does count and it legally binds ZCCM-IH. Trafigura’s claim is for US$82,807,254.68 ZCCM-IH now has 6 weeks to submit which parts of the US$82.8m it says are not valid, and why. Then Trafigura will have 3 weeks to respond. Either way, Zambian tax payers will be paying this money which was looted. when KCM was under the provisional liquidator. PF was something else
Sentimental Foodie tweet media
English
26
44
137
14.4K
Cris Mulengah
Cris Mulengah@CeeMulengah·
@SentimentalCook Then you hear some PF what what saying when we take over power in 2026. What power? We will never forget this
English
0
0
11
515
Singived
Singived@singived10·
@SentimentalCook Pf have no shame and still want to come back and loot everything. How can u be so irresponsible.
English
0
0
4
375
Emmanuel
Emmanuel@Emmanue89729957·
@SentimentalCook I think we will eventually just have to pay them. The guy's issues were addressed in a rushed manner, and I am sure he earned himself some immunity along the way.
English
0
0
3
253
A redeemed wretch
A redeemed wretch@ngombo_simon·
@SentimentalCook Bare with me, I'm no expert but doesn't zccm as a Plc have its own cash reserves or some liquid assets of it's own ? Would it not be the shareholders losing out?
English
0
0
2
371
Paul Clyde Hibweengwa
Paul Clyde Hibweengwa@PaulClydeHibwee·
@SentimentalCook Bro keep highlighting these scandalous atrocities that me, my children and my grandchildren will have to pay for while the elites smoke their cigars and laugh at simplicity. The Audor General's report? I got a small room on my house where that belongs. Its only useful there.
English
0
0
2
447
Moon Base🇿🇲
Moon Base🇿🇲@Space2013M·
@SentimentalCook This is just so painful to bear. And to realise that tax payers will pay and nobody will be punished for it just gets my blood to boil. Yama @ngomabest196 have you seen this story?
English
0
0
1
199
Fred Chibaya
Fred Chibaya@fredchibaya·
@SentimentalCook Dull people don't realise this is THEIR money. Many don't realise lack of equip in hospitals and potholes eventually come back to such theft from the nation. #zedtwitter
English
0
0
1
72
Burner TwentyTwo
Burner TwentyTwo@BurnerTwentytwo·
@SentimentalCook ….yet Zambians forget so easily. They want to justify taking us back to this rubbish? Infuriating.
English
0
0
0
66
Sasha.
Sasha.@sashan748·
@SentimentalCook @JudiciaryZambia 🤣see it has come back to haunt u ka. We keep saying these things of doing deals thanks to @ACCZambia see now we are back to footing the bill as a public. @S_Musokotwane please let the judiciary recover that money to pay that bill. Tell them tamukwete 🤣.
English
0
0
0
144
sam
sam@samjeff98·
@SentimentalCook Milingo didn't take more than $30m .. Milingo knows who got their hands on that money.. Mmmmm
English
1
0
0
451
Paylaş