Menu
Home
Forums
New posts
Search forums
What's new
Featured content
New posts
New media
New media comments
New resources
Latest activity
Media
New media
New comments
Search media
Resources
Latest reviews
Search resources
Misc
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Labrish
Nyuuz
Mthuli Ncube integrates forfeited assets into the treasury
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Queen, post: 86562, member: 27"] A flood of seized cash is getting funneled into Zimbabwe’s Treasury, and the Government insists it is locking the doors tight this time. Forfeited assets flow into the Treasury [LIST] [*]Mthuli Ncube said seized criminal wealth is entering state coffers. [*]Ncube tied the transfers directly to the Public Finance Management Act. [*]Treasury receives the funds once courts finalize forfeiture. [*]The government pitched the shift as tightening asset oversight. [/LIST] Five-year recovery drive racks up millions [LIST] [*]National Prosecuting Authority of Zimbabwe reported over US$200 million reclaimed. [*]Recoveries covered the 2021 to 2025 strategic window. [*]Court-approved preservation and forfeiture orders powered the seizures. [*]The Zimbabwe Anti-Corruption Commission (ZACC) and the Zimbabwe Republic Police (ZRP) teamed up on operations. [/LIST] Ncube leans on legal safeguards [LIST] [*]Professor Ncube declined to detail exact spending channels. [*]He maintained that usage will follow statutory financial rules. [*]Parliament and the public retain constitutional oversight, he said. [*]Treasury procedures were framed as transparency guardrails. [/LIST] Cash budgeting shapes spending plans [LIST] [*]Zimbabwe runs expenditures against available revenue. [*]Integration of recovered money will follow that cash budgeting model. [*]Fiscal management will align with the broader economic framework. [*]Authorities signaled disciplined handling of the added funds. [/LIST] [/QUOTE]
Insert quotes…
Name
Post reply
Home
Forums
Labrish
Nyuuz
Mthuli Ncube integrates forfeited assets into the treasury
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…
Top