The Mozambican government announced that its Office for the Management of Seized Assets generated significant financial benefits for the state in 2024, totaling over 416 million meticais. Finance Minister Carla Loveira reported to parliament that these benefits came from both revenue generation and cost savings. The office leased 27 properties, earning 19 million meticais, and raised an additional 14 million meticais from public auctions of various seized items like vehicles and furniture.
Further financial advantages were realized by allocating seized assets directly for state use. Minister Loveira explained that providing 19 properties to government institutions saved approximately 397.5 million meticais in potential rental or acquisition fees. The assignment of 48 vehicles to various public bodies resulted in additional savings of about 18.5 million meticais.
This asset management falls under the Ministry of Finance, following a recent presidential decree that revised its responsibilities. The ministry is now tasked with the careful administration and disposal of all assets seized from criminal activities.
Further financial advantages were realized by allocating seized assets directly for state use. Minister Loveira explained that providing 19 properties to government institutions saved approximately 397.5 million meticais in potential rental or acquisition fees. The assignment of 48 vehicles to various public bodies resulted in additional savings of about 18.5 million meticais.
This asset management falls under the Ministry of Finance, following a recent presidential decree that revised its responsibilities. The ministry is now tasked with the careful administration and disposal of all assets seized from criminal activities.
