I was not informed that the board removed education allowance from my conditions – DBZ boss

DEVELOPMENT Bank of Zambia (DBZ) Managing Director Dr Samuel Bwalya has explained that he was not made aware of the Board’s resolution to remove education allowance as part of his benefits. According to a ‘Special Meeting of the Board of Directors’ held on Monday, January 20, 2020, the Directors deliberated on the conditions of service for the Managing Director and it was resolved that ‘School fees benefits’ were to be removed. And on Saturday last week, the Anti-Corruption Commission (ACC) arrested Dr Bwalya for abuse of authority of office involving K781,195.78, alleging that he arbitrarily directed the payments of school fees for his children using public funds. But responding to a press query which had been sent prior to his…...