Leader of the opposition Democratic Party Harry Kalaba says it is shameful that the National Pension Scheme Authority wants to buy Chrismar Hotel in Lusaka using pensioners’ money.
However other stakeholders said Chrismar Land will be beneficial to NAPSA and adds more monetary value in the long term.
NAPSA is winding up a purchase transaction of Chrismar hotel owned by Lusaka business man Valden Findlay at a cost of 18 million US dollars.
Speaking on Kwithu FM, Nkani Yathu program yesterday, Mr. Kalaba expressed regret that NAPSA wants to invest pensioners’ money when most retirees have not been paid their terminal benefits.
Mr. Kalaba described the move as reckless saying and accused government of not caring about the plight of the suffering masses.