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Written by on February 23, 2022

By Monica Aba Baidoo & Raphael Mulenga

Finance Minister Situmbeko Musokotwane Wednesday, 23rd February, 2022 handed over cheques worth K65, 332, 446 and 57, 950, 000 United States Dollars to the Ministry of Education.

This is money seized by the Anti-Corruption Commission ACC as proceeds of crime which include money from Faith Musonda.

The handover of cheques was done at the Mulungushi International Conference centre.

The money will be channeled to the Ministry of Education for University bursaries.

On 17th September 2021, the Zambia Police carried out an operation in Lusaka’s New Kasama area, were they discovered trunks of cash amounting to K65, 330,000 in addition, there was also a safe containing $57, 900 AND both sums of money were suspected to have been stolen or unlawfully obtained.

Dr. Musokotwane discloses that after comprehensive analysis and wide consultations, government has decided to use the funds that have been recovered from corruption to provide additional university bursaries in 2022.

2, 232 university students across the nation who were left out on government bursaries in December 2021 due to budget constraints as only 2,400 students were initially awarded bursaries under the original 2022 budget will benefit.

He adds that for all the recovered assets which will be given to the state, the new dawn government will use those funds towards areas of great and common benefit to the Zambian people ranging from education, health, youth and women empowerment programmes, among others.

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