The Anti-Corruption Commission (ACC) has handed over to the Government more than 65.3 million kwacha and 57,000 United States Dollars proceeds of crime forfeited to the state from Faith Musonda.
ACC Acting Director General Silumesi Muchula says the house where the money was found will also be handed over in due course.
Secretary to the Commission Ivor Mukwanka who represented Mr Muchula thanked the joint investigative team including the Drug Enforcement Commission and Zambia Police for the good work.
Mr Muchula said the commission is employing strategies to remove profit benefits from the suspects using the forfeiture of proceeds of crime.
He said the ACC has been consistent in recovering stolen assets and properties as seen from 40-million Kwacha Tedworth Property recovered from late former President Frederick Chiluba and 2-billion kwacha unrebased recovered from Former Labour Minister Austi
Liato who was subsequently convicted.
Mr Muchula has warned perpetrators of corruption that the ACC will deal with anyone found wanting.
And Finance Minister, Situmbeko Musokotwane said the funds which have already been deposited into the treasury will be used to put an additional 2,232 students on loans at the University of Zambia.
Dr Musokotwane said the forfeiture is in line with President Hakainde Hichilema’s statement in his maiden speech to parliament that Government will put recovery of stolen assets at the center stage.
“the forfeiture of funds and property is just the beginning of many assets yet to be recovered and placed in the hands of true owners who are Zambians, I also want to warn perpetrators of corruption that the long arm of the law will catch up with them as hiding criminal activities is difficult in the modern world,” he said.
And, General Education Minister Douglas Siakalima said the addition of student loans will help reduce the number of those who had been left out from the over 10,000 eligible students who applied last year and slightly over 2,000 were awarded.
He also said that those who will not be picked not to lose hope but apply to private universities.
Mr Siakalima said the UPND has managed to sort out a historical problem in five months and hopes more recoveries can be made and channeled towards education.