{"id":37455,"date":"2024-01-04T10:25:47","date_gmt":"2024-01-04T10:25:47","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lec-says-it-has-recovered-m2m"},"modified":"2024-01-04T10:46:24","modified_gmt":"2024-01-04T10:46:24","slug":"lec-says-it-has-recovered-m2m","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lec-says-it-has-recovered-m2m","title":{"rendered":"LEC says it has recovered M2m"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span>THE Lesotho Electricity Company (LEC) has recovered M2 million out of the M34 million that was allegedly stolen by four debt collectors. The LEC board member, \u2019Masofia Lesaoana, told the Public Accounts Committee (PAC) on Monday that they had only managed to recover M2 million out of the M34 million so far.<\/p>\n

This comes after PAC chairperson, \u2019Machabana Lemphane-Letsie, demanded answers from the board about what they have done to recover the stolen funds. \u201cWe are not happy with how you have been running the LEC as a board.<\/p>\n

Tell us what you are doing to change the situation,\u201d Lemphane-Letsie said. She rebuked the LEC board that it commits mistakes in its scope of work and imposes hefty electricity prices on the general public but fail to collect stolen money.<\/p>\n

\u201cThe consumers pay a heavy price for your mishandling of the company,\u201d she said.<\/p>\n

\u201cYou are the ones pulling down the LEC,\u201d Lemphane-Letsie said.<\/p>\n

The LEC board chairman, Rapapa Sepiriti, told the committee that the M34 million was detected by their committee after deploying some temporary workers to investigate the leakage.<\/p>\n

\u201cWe asked them to investigate and they found out that the LEC was defrauded M34 million due to some employees who connived with some companies to defraud the company,\u201d Sepiriti said.<\/p>\n

The committee further heard that the money had been recovered after the board had an agreement with such companies which helped defraud the LEC. Sepiriti told the committee that their investigations are still on-going.<\/p>\n

Lesaoana said they are still collecting money from companies that connived with the debt collectors to swindle the LEC. \u201cIt is unfortunate that some of the companies have either closed down or migrated to other countries,\u201d she said, adding that many were owned by foreigners.<\/p>\n

Lemphane-Letsie argued that the M2 million is nothing compared to what has been lost. She said the money was stolen a long time ago. She demanded to know why the board only managed to recover M2 million.<\/p>\n

Lemphane-Letsie asked Lesaoana if she seriously thought they had done a good job so far. Responding to the question, Lesaoana said they are satisfied after they launched an investigation into the missing funds at the LEC.<\/p>\n

\u201cWe are satisfied,\u201d she said. Lemphane-Letsie again asked the board chairman Sepiriti if he was also satisfied with the progress.<\/p>\n

\u201cAre you saying you have done well by recovering only M2 million?\u201d she asked. Another PAC member, \u2019Makatleho Motsoasele, told the LEC board that it should be serious with their job as M2 million is not a lot of money.<\/p>\n

\u201cYou have lost M34 million, how are you happy to have found only M2 million of that amount?\u201d Motsoasele said.<\/p>\n

Sepiriti responded that they are not happy with their progress and the rate they have been collecting the money. He said they have since strengthened their internal controls to stop the leakage.<\/p>\n

aid. \u201cUntil today, his government does not have passports, and there is no answer as to when they will be made available,\u201d he said. He also talked about the biting lack of jobs which he said the Matekane-led government cannot create.<\/p>\n

\u201cPeople are still jobless even now, instead of distributing the few available jobs fairly they engage in nepotism,\u201d he said.<\/p>\n

The UAT founders include the former RFP Abia constituency chairman, Cowboy Sethathi, and activist Francis Ramosetle. Ramosetle said he has decided to leave the RFP because he \u201cfelt unwelcome in the party for calling a spade a spade\u201d.<\/p>\n

He said Matekane has disappointed him. He said the RFP leadership always tell members to form their own parties when they express their grievances about the manner the party is being led.<\/p>\n

\u201cNow we have left them, and we are yet to take most of their members of parliament,\u201d Ramosetle said. He said unlike the RFP, the new party will allow a diversity of opinions.<\/p>\n

Sethathi told thepost that he left his political home to the new one because he is \u201ctired of the endless fights in the RFP\u201d. \u201cIt is now clear, the RFP is a private project that belongs to its owner who does as he pleases,\u201d Sethathi said.<\/p>\n

He said they ended up giving up after seeing that \u201cthe courts of law are captured by the ruling parties\u201d. \u201cI have left together with five members of the constituency committee here,\u201d he said.<\/p>\n

For More News And Analysis About Lesotho<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. THE Lesotho Electricity Company (LEC) has recovered M2 million out of the M34 million that was allegedly stolen by four debt collectors. The LEC board member, \u2019Masofia Lesaoana, told the Public Accounts Committee (PAC) on Monday that they had only managed to recover M2 million out of the M34 million so far. […]<\/p>\n","protected":false},"author":84,"featured_media":37454,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[233,246,129,245],"class_list":["post-37455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-lesotho","tag-electricity","tag-lesotho"],"yoast_head":"\nLEC says it has recovered M2m - Lesotho<\/title>\n<meta name=\"description\" content=\"THE Lesotho Electricity Company (LEC) has recovered M2 million out of the M34 million that was allegedly stolen by four ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lec-says-it-has-recovered-m2m\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LEC says it has recovered M2m\" \/>\n<meta property=\"og:description\" content=\"THE Lesotho Electricity Company (LEC) has recovered M2 million out of the M34 million that was allegedly stolen by four ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lec-says-it-has-recovered-m2m\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-04T10:25:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-04T10:46:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2024\/01\/sm_1704352463.701198.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"648\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lec-says-it-has-recovered-m2m#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lec-says-it-has-recovered-m2m\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"LEC says it has recovered M2m\",\"datePublished\":\"2024-01-04T10:25:47+00:00\",\"dateModified\":\"2024-01-04T10:46:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lec-says-it-has-recovered-m2m\"},\"wordCount\":739,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lec-says-it-has-recovered-m2m#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2024\/01\/sm_1704352463.701198.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Lesotho\",\"electricity\",\"Lesotho\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lec-says-it-has-recovered-m2m#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lec-says-it-has-recovered-m2m\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lec-says-it-has-recovered-m2m\",\"name\":\"LEC says it has recovered M2m - 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