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Minister quizzed in Parliament on Deci

1st July 2011
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Finance deputy minister Gregory Teu on Wednesday faced a hard time when explaining in Parliament measures taken to address the controversial pyramid scheme - Development Entrepreneurship Community Initiative (Deci), which ended prematurely a couple of years ago.

He was responding to a question by Kawe legislator Halima Mdee (Chadema), who had demanded the minister to state measures taken against government officials who contributed to the loss of millions of Tanzanians’ money through the scheme.

In his explanation, Teu claimed that the matter was still pending in court, hence it wasn’t proper discussing it in Parliament. However, House Speaker Anne Makinda intervened, clarifying that briefing on the measures would not interfere with court procedures.

Then Teu was forced to give a response, in which he said the amount of money seized from the bank accounts of Deci directors was small compared to the total amount the pyramid scheme owed its members.

Giving details, he said the government seized only 14.81bn/-, while the total amount Deci owed its members was around 39.27bn/-. However, Teu said the pending suit in court would determine the fate of the members' contributions and the officials involved.

Meanwhile, the deputy minister informed the House that Deci members from Dar es Salaam region had already testified in court and efforts were being made to get more members from other regions to testify also.

SOURCE: THE GUARDIAN
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