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It’s Mosho auctioning Post assets, reveals ZRA officer

POST provisional liquidator Lewis Mosho’s auction of the newspaper’s assets has moved to the head office on Bwinjimfumu road.

 

The auction is being conducted by RDF Auctioneers but an advertisement which was running in the Daily Nation came under the banner of the Zambia Revenue Authority, one of the institutions that was used to have the newspaper closed over disputed taxes.

 

However, a ZRA official said it was not his institution that was conducting the auction.

 

“We are not on the ground; it’s not ZRA doing the auction; it’s Lewis Mosho, who is auctioning,” said the worker when asked how the auction was going. A check at ZRA’s Dedan Kimathi offices found the auction, which was done under closed gates, concluded.

 

One of the four trucks was auctioned for as little as K700,000, which is almost half the price of one truck.

 

The auction then moved to the newspaper’s printing press in the industrial area before moving to the head office. Only people that had made deposits were being admitted into the premises to take part in the auction.

 

While the matter of the Post liquidation is still being contested in the High Court, Mosho, whose eligibility to conduct liquidations is also under question, has gone ahead, even without a court order, to auction the newspaper’s properties, office and studio equipment.

 

On June 21, 2016, ZRA seized Post Newspapers’ printing press and other equipment at the head office, leaving heavily armed state police to man the two premises.

 

ZRA also seized some of the newspaper’s trucks.

 

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