A group of concerned civil servants has warned that they will shut down Pension Fund offices if money allegedly used in the purchase of Amaryllis Hotel is not returned.
The group says it is organizing vigils next month as pressure mounts over the controversial transaction, which they believe has put their financial future at risk.
Speaking to MIJ Online, the group’s chairperson, Gerald Chirombo, described the deal as dubious and raised concerns about how the funds were handled.
He warned that civil servants may resort to a nationwide work stoppage if the money is not recovered, a move that could severely disrupt public service delivery.
According to the group, the hotel was bought at an alleged price of K128.75 billion, a figure they say is far above its actual worth.
Independent professional valuations have reportedly placed the market value of the property between K38 billion and K47 billion, raising further concerns about possible financial mismanagement.
