ACC MOVES TO RECOVER STOLEN ASSETS

By Scoop Reporter

ANTI-CORRUPTION Commission (ACC) Director General Thom Shamakamba says Zambia will collaborate with other African Union Member States to address the problem of illicit financial flows and recover stolen assets.

Mr. Shamakamba said the ACC will not only trace stolen money but also recover properties bought outside Zambia using stolen funds.

The ACC Director General said this when he paid a courtesy call on Zambia’s Ambassador to Ethiopia, Mrs. Rose Sakala who is also Zambia’s Permanent Representative to the African Union.

He is in Ethiopia to attend a Stakeholders’ Consultative Meeting on the Establishment of an Asset Recovery Practitioner Forum for Africa organized by the African Union and some cooperating partners.

Under the Common African Position on Asset Recovery (CAPAR) program, the African Union is actively coordinating and supporting efforts among African countries to address illicit financial flows, corruption, and recovering stolen assets.

The program aims to mobilize political support, resources, and expertise to enable African countries to recover stolen assets and use the resources to support development.

And Zambia’s Ambassador to Ethiopia, Mrs. Rose Sakala said the asset recovery program was important for Zambia’s economic development.