COMPANIES, INDIVIDUALS LINKED TO PROMINENT INFLUENTIAL PERSONS AWARDED FRAUDULENT PROCUREMENT CONTRACTS – FIC
Lusaka, Wednesday, July 10, 2024
The Financial Intelligence Centre (FIC) report for the year ending 2023 has identified a trend where companies and individuals linked to prominent and influential government figures are being awarded fraudulent procurement contracts.
“Further, the FIC observed a continuing trend of companies and individuals linked to prominent influential persons being awarded fraudulent procurement contracts,” reads part of the report.
The report also highlights continued public sector corruption and money laundering under the New Dawn administration.
“Continuing trends were mostly seen in the following areas: public sector corruption and money laundering, use of cash in illicit transactions, and masking beneficial ownership of corporate vehicles, while emerging trends were observed in cyber-enabled financial crimes,” it states.
It says during the period under review, there were reports of suspected abuse of office and procurement corruption.
“During the period under review, the FIC analyzed Suspicious Transaction Reports (STRs) that involved suspected public sector corruption. The reports bordered on suspected abuse of office and procurement corruption,” it further reads.
The report identifies several red flags associated with public sector corruption, including the failure to disclose conflicts of interest, selective quick processing of tenders or payments, and the award of contracts to newly incorporated entities.
It also highlights failures to follow procurement procedures, non-delivery of contract obligations, and overpricing of contract sums.
This unacceptable. ZPPA should know what’s going on. There’s a chap on the ZPPA board of directors who should not be there. How he wormed his way there, I have no clue. It’s not really about our system failing but it’s about our system refusing to work. HH, watch out.
Watch out for what? Hahaha.
When the guard is the thief, what do you expect?
Just break rank and vote wisely in 2026.
When the boss is a corrupt thief, even his followers will be corrupt thieves.
Anyone from the Zambezi region that think this is not true should look at Rwanda and Botswana where corruption is dead. Those countries have clean leadership. Their leaders say very little in public, yet achieve a lot. Our leader is forever barking nonsense, and yet achieves nothing.
Vote wisely if you are tired of corrupt leadership.