Asset recovery vital in corruption fight – AG

(ZANIS) Attorney General MULILO KABESHA has observed that asset recovery has become a vital tool in the fight against corruption globally.

Mr. KABESHA says this is the reason government has embarked on legal reforms to align the Zambian Laws on forfeited asset management, with international best practices.

The Attorney General further notes that forfeited assets allow countries to channel resources towards developmental projects, at the same time depriving criminals of illicit gains.

ZANIS reports that Mr. KABESHA was speaking during the official opening of a three – day asset management workshop in Lusaka.

The Attorney General said effective management of seized assets is critical in achieving the broader end of Justice as well as ensuring that the country benefits from forfeited property.

United Nations Office on Drugs and Crimes, -UNODC- National Project Manager, LIYA TEMBO commended government for the progress made in asset recovery, through the seizure of a diverse range of assets.

Acting Secretary to the Treasury, NSANDI MANZA thanked members of the Inter – Agency Framework for the dedication and commitment to ensuring that the bill is finalized.

Ms MANZA stated that government expects the bill, once enacted, to enhance asset management and contribute to the socio – economic development of the country.