ACC HANDS OVER RECOVERED FUNDS TO MINISTRY OF FINANCE.

The Anti-Corruption Commission-ACC has handed over K65 million kwacha  and more than $57 thousand US dollars  to the Ministry of Finance that was seized from business woman Faith Musonda.

Speaking at the official handover of recovered funds to the ministry of Finance and National Planning in Lusaka today ACC Secretary Ivor Mukwanka has handed over the money reasonably suspected to have been proceeds of crime.

He said the Commission will in due course also handover other properties including the house where the money was recovered from.

Mr. Mukwanka further warned perpetrators of corruption especially public officials that the Commission will not tolerate any criminal behavior as it is equal to the task of bringing anyone found wanting to face the wrath of the law.

Today the Commission is happy to hand over to the Ministry of Finance and National Planning cash amounting to Sixty-Five Million Three Hundred and Thirty Two Thousand, Four Hundred and Forty Six Kwacha (K65,332,446.00) and Fifty Seven Thousand Nine Hundred and Fifty US Dollars (USD 57,950.00) seized and forfeited to the state as proceeds of crime,” he said.

And Ministry of Finance and National Planning says government will use the corruption recovered funds to provide additional university bursaries in 2022.

Finance minister Situmbeko Musokotwane said this will benefit an additional 2,232 university students across the nation who were left out on government bursaries in December 2021 due to budget constraints.

Under the original 2022 budget, only 2,400 students were initially awarded bursaries. This additional award I have announced today will almost double the number of bursaries planned for the 2022 academic year,” he said.

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