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Transparency International Zambia (TIZ) has called for tightening of laws and policies to punish those found wanting in irregular financial flows as indicated in the newly released 2021/2022 Financial Intelligent Centre Trends report.
The Financial Intelligence Centre Trends report released last week for the period 2020 to 2022 highlighted some US$5.9 billion in suspicious financial transactions.
Contracts under the farmer input support programme had been cited in the latest Financial Intelligence Report to have been fraudulently awarded to known companies at a cost of US$300 million.
Commenting on the report in an interview on Monday, TIZ Chapter Zambia President, Sampa Kalungu, called for stiffer punishment for punish those found wanting in irregular financial flows.
Read more: Report reveals Zambian firms used for illicit financial transactions
“In as much as the suspicious transaction shows an increase, Zambians should not conclude that there are high levels of corruption under the United Party for National Development (UPND) administration.
“Zambians should also not rule out the suspicion that the increase could be indicative of high corruption activities under the UPND administration as the reports only depicts the suspicions which leads to effective investigation,” Kalunga said.
Southern Africa Network Against Corruption (SANAC) Executive Director Gregory Chifire, has also said that the recent revelations from the trends report were a serious litmus test to the UPND government’s fight against corruption.
“There is need to take an interest in the highlighted fertilizer contracts which are said to have been dubiously awarded ton known companies and it would be good to see what punitive measures the government will institute,” Chifire said.
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