President Lungu is NOT worth US$400m

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President Lungu with other Heads of States at Bole International Airport in Addis Ababa, Ethiopia
President Lungu with other Heads of States at Bole International Airport in Addis Ababa, Ethiopia

Lusaka, Feb 24 (Smart Eagles) – THE Story in the New Vision Newspaper suggesting that Forbes has rated president Edgar Lungu as the second richest person in the country is purely concocted, a forgery says Presidential Spokesperson Amos Chanda.

And Forbes have denied ever making such a publication.

Addressing Journalists in Lusaka today, Mr Chanda said that it is not true that the president Lungu is worth $400 000 millions as purpoted by New Vision Newspaper.

“It has turned out as a forgery because Forbes have declined that this thing which is attributed to them is not from them. It (The headline in New Vision) is saying that “Lungu, Zambia’s Second richest person – Forbes”
We have contacted forbes and they are saying this is not there publication,” Explained Mr Chanda

He disclosed that President Edgar Lungu is extremely aggrieved by the story which was carried in the Friday edition of the Vision Newspaper.

He explained that the president does not have that kind of money he has directed the newspaper to retract the story and apologise to the head of state.

Mr Chanda described as an unfortunate the level of unprofessionalism exhibited by some media organisations, Saying this kind of conduct undermines the relationship between media and goverment.

“So in professional journalism that is extremely sad that a story can be concocted and passed off as coming from a reputable institution or publication… and it has turned out to be that that is not true,” He said

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