FRA sues Shared Resources Limited and businessman William Tamba
By Staff Reporter
THE Food Reserve Agency has sued Shared Resources Zambia Limited and William Tamba, asking the Lusaka High Court to order them to pay over US$110,850 for purchase of 851. 71 metric tonnes of white maize.
And the FRA stated that in the alternative, the defendants be ordered to pay damages for concession and interest at the prevailing commercial bank lending rates and any other relief.
In a statement of claim filed in the High Court, FRA stated that by contracts in writing respectively dated August 8, 2018 and November 28, 2018, the defendants agreed to buy 6.306 metric tones grade “a” Zambian white maize from FRA at a price of US$130 per metric tone.
FRA stated that it was an express term of the contract that the defendants would pay and collect the entire quality contracted to be sold in lots of 2,000 metric tones every 14 days with the first payment falling due 14 days .
It stated that Shared Resources Zambia Limited and Tamba in the course of executing the contracts paid FRA for maize worth US$181,927.79 altogether totaling 1399.44 metric tones but proceeded to collect maize totaling 2, 252.15 metric tones valued at US$292,780.00 which was an over collection by 851.71 metric tones valued at US$110,852.21.
FRA stated that by reason of the above facts and matters, it was claiming the sum of US$110,852.21.
The plaintiffs stated that Shared Resources Zambia Limited and Tamba wrongly deprived FRA of the use and preservation of the said 851.71 metric tones over collected maize and have converted the same in their own use.
FRA is seeking an order to the defendants that they pay US$110,852.21 or alternatively, pay damages for concession and interest at the prevailing commercial bank lending rates and any other relief the court may deem fit.
