Lipipa Applauds Registrar Over Amaryllis Hotel Intervention

Lipipa Applauds Regulator’s Move to Halt PSPTF Hotel Deal, Warns of “Heist of the Decade”

By Suleman Chitera Member of Parliament Noel Lipipa has welcomed the decision by the Registrar of Financial Institutions to call for the immediate suspension or review of the Public Service Pension Trust Fund (PSPTF)’s proposed acquisition of the Amaryllis Hotel, describing the intervention as necessary to safeguard pensioners’ funds. In a strongly worded statement, Lipipa said the regulator’s action reflects growing concern that the MK128 billi…

Lipipa Applauds Registrar Over Amaryllis Hotel Intervention

As debate over the K128.75 billion Amaryllis Hotel acquisition continues to dominate online discussions, a Democratic Progressive Party legislator has thrown his weight behind regulators, describing the transaction as potentially disastrous for pensioners. Noel Lipipa, Member of Parliament for Nancholi Chilomoni,Kabula Constituency, has applauded the decision by George Partridge, in his role as Registrar of Financial Institutions at the Reserve …