ACC calls for establishment of asset recovery institution

ANTI-CORRUPTION Commission (ACC) Director General Daphne Chabu has called for the establishment of a dedicated institution meant to manage assets recovered through law enforcement processes. And Mrs Chabu says the management of assets recovered through law enforcement processes is an important component of the broader fight against corruption and economic crime. Speaking in Lusaka during […]

ANTI-CORRUPTION Commission (ACC) Director General Daphne Chabu has called for the establishment of a dedicated institution meant to manage assets recovered through law enforcement processes.

And Mrs Chabu says the management of assets recovered through law enforcement processes is an important component of the broader fight against corruption and economic crime.

Speaking in Lusaka during the official opening of a three-day consultative meeting on the Draft Criminal Asset Management Bill, the ACC Director General observed that a dedicated institution would ensure assets are managed by professionals while allowing law enforcement agencies to remain focused on their primary mandates.

Mrs Chabu noted that effective asset management can strengthen public confidence in the fight against corruption.

She disclosed that assets may deteriorate and risk being misused, if they are not managed within a legal framework.

“When citizens see assets linked to corruption are recovered and responsibly managed, it sends a powerful message that crime does not pay. On the contrary, weak asset management systems can undermine the objectives of asset recovery. Assets may deteriorate, lose value, incur unnecessary costs or become vulnerable to misuse if they are not managed within a clear and accountable legal framework,” said Mrs Chabu.