More Post employees to join petition

 

HUNDREDS of former Post Newspapers employees are set to join the petition in winding up the company following Lusaka High Court Justice Sunday Nkonde’s decision to place it under provisional liquidation.   Some of the workers who talked to the Daily Nation explained that they did not understand the situation with the provisional liquidation and what it meant for them. They charged that management has not been clear about their position and has not advised them on what was happening other than what they have been reading in the media. “We are meeting on Wednesday at 08:00 hours to go and seek advice from the liquidator, Lewis Nathan Advocates. “We are told they are in Woodlands, and that is where we want to go and try to get a position for our situation,” one of the employees said. Five former Post employees petitioned the winding up of the publication owing to non-payment of their dues with huge debts including almost K80 million owed to Zambia Revenue Authority (ZRA), US$ 3 million to Investrust Bank and over K750,000 owed in employee emoluments from June 2016 since the closure of the company’s administration and printing plant respectively. Those who petitioned the High Court are Andrew Hebert Chiwenda, Roy Habaalu, Bonaventure Bwalya, Mwendalubi Mwene and Abel Mbozi who proposed the winding up of the business to enable them obtain their dues.   Mr Justice Nkonde appointed Lewis Mosho of Lewis Nathan Advocates as Liquidator for the winding up of the publication, and has since invited debtors and creditors of the newspaper to present their claims. Mr Mosho appointed new lawyers, Palan and George Advocates, to handle legal issues pertaining to the provisional liquidation of the newspaper company. As liquidator, Mr Mosho holds custody and control of all the assets of the Post Newspaper and has since requested for a catalogue of all assets of the company from management. Some of the employees included journalists, drivers, newspaper packers, office staff and utility staff employed by the company.

Categorized | Court News

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