An auction of assets from the defunct Post Newspaper (in liquidation) has raised K7.4 million, covering 14% of the K53 million owed to the Zambia Revenue Authority (ZRA). The Post was closed by the ZRA last year over outstanding tax liabilities. In November 2016, it was reported that the Post owed K188.82 million to the Development Bank of Zambia, ZRA, Investrust, NAPSA, KOBS Transport, Xinhua News Agency and G4S. The auction saw property such as trucks, office furniture, fittings and computers being sold, putting a stop to any hope of the Post being resuscitated. Despite its shortcomings, including being in bed with the government of the late President Sata, the Post provided the main opposition to the state media for 27 years.
Meanwhile, the Daily Nation revealed that the founder of the Post, Fred M’membe, drew a monthly salary of $100,000 while heading his newspaper.