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Transparency International Zambia (TIZ) says it has noted the high risk and corruption vulnerability presented by the high number of unregistered and unregulated estate agents operating in the land sector in Zambia.
TIZ Executive Director, Maurice Nyambe, said the organization has, therefore, taken the initiative to support the publication of the dully registered estate agents.
Nyambe in a statement issued in Lusaka on Friday said this is as issued by the Zambia Institute for Estate Agents under gazette notice No. 732 of 2023, which was published on the June 1, 2023.
He said under the Climate Change and Environmental Sustainability focus area, TI-Z has been strengthening transparency and accountability in climate financing, land access and environmental governance.
“TI-Z noted the rampant advertisement of large portions of land along major highways without following the due process and the escalating number of people defrauded during the process of acquiring land in many parts of the country,” Nyambe said.
He said recent study into the nature of corruption and money laundering in Zambia revealed that unregistered and unregulated real estate agents are conduits for corruption.
“Under the Climate Change and Environmental Sustainability focus area, TI-Z has been strengthening transparency and accountability in climate financing, land access and environmental governance,” Nyambe said.
He said these real estate dealers were facilitating corruption and money laundering through the purchase and sale of properties.
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