Govt still studying ‘bulky’ UN resolution on Libya — Pande
A senior government official says
Zambia will comply with UN resolutions to freeze Libyan funds and assets linked
to individuals and entities in Muammar Gaddafi’s inner circle in line with the
Security Council resolution.
The United Nations Security Council has
imposed a freeze on assets and funds owned by the Libyan authorities under
dictator Gaddafi, and reaffirmed that such assets should be used for the benefit
of the Libyan people.
LAP Green, which bought three quarters of Zamtel
last year in a controversial deal criticised by key stakeholders is the
investment arm of the Libyan government under Gaddafi who the international
community wanted to economically incapacitate owing to his atrocities towards
the ordinary Libyans pushing a popular revolution against his 42 year-old
Stating the government’s position on the matter, foreign
affairs minister Kabinga Pande said Zambia was still studying the “bulky” UN
Security Council Resolution 1973 on Libya.
“Zambia is a member of the UN
and we are party to the resolution of the UN,” Pande said in an interview.
“However, we need to, as a government...we are studying the implications of the
resolutions because it is quite bulky. So, we are looking at this to see how it
will affect, if they are any, companies or organisations in Zambia that would be
affected by that UN resolution.”
Pande said a study by the government
might reveal that there were many other Libyan investments in the country that
could be a target of the asset and funds freeze apart from LAP Green which
controversially bought the country’s sole fixed line operator at US$257
“We have sent the resolution to relevant government authorities
and we want this study to be done as quickly as possible because as government,
there are many things we are looking at...as some of the assets might be in
private hands, or those which we are not aware of,” said Pande without giving
the timeframe of the study.
A fortnight ago, the UN Security Council
resolved that member states freeze Libya's assets.
South Africa was the
first country on the continent to implement the resolution on asset sanctions on
Gaddafi and his close aides, ratcheting up pressure on him to quit and halt
further bloodshed in a popular revolt against his rule.
Authority (LAP Green Network) is a component of the Libya - Africa Investment
Portfolio, which is part of the Libyan Investment Authority, the sovereign
wealth fund for Libya.