Misused public fundsOversight & ethics enforcement
Zambia's Auditor-General reports the Ministry of Agriculture paid $3.66 million to a company that had assigned its rights and was later liquidated
Confidence: Confirmed · 2 sourcesZambia · Oct 12, 2026
Subject of this story
Ministry of Agriculture
Also named
Oversight
Office of the Auditor General of Zambia
What happened
The Auditor-General's report for the year ended December 31, 2024 found that Zambia's Ministry of Agriculture erroneously paid $3,659,192.39 to Nyiombo Investments Limited under a 2016 fertilizer procurement contract, according to News Diggers. On September 23, 2016, Nyiombo had notified the Ministries of Agriculture and Finance that it had assigned its rights to that amount to Swiss Singapore Overseas Enterprises PTE Limited, and the company was later liquidated. The report records the loss to the Treasury as $3,659,192.39. Ministry response was not available in the sources reviewed.
Sources (2)
Office of the Auditor-General of ZambiaOfficial annual audit report on the accounts of the Republic of Zambia for FY2024, produced under Article 212 of the Constitution and the Public Audit Act.
News Diggers!Reports the AG finding in detail, including the exact payment figure, the 2016 contract assignment to a second company, and the later liquidation of Nyiombo Investments.
Response
Ministry of Agriculture
Not yet contacted
Not yet contacted for this story.
What happened next (0)
No outcome recorded yet.