Chief Justice (CJ) Rizine Mzikamanda has said Malawi needs to recover all assets that were lost through corruption and theft.
He said this Thursday during the opening of a training workshop for judicial officers involved in assets recovery in Lilongwe.
“Asset recovery is a very important step in the criminal process. The recovery of stolen assets could provide essential resources for the financing of public services, investment infrastructure and other programmes aimed at social and economic development of the country,” Mzikamanda said.
He said the Judiciary was committed to recovering lost assets through corruption and has since incorporated a provision in the Courts Amendment Bill to establish a financial and economic crimes court.
He said the Bill was now with the Attorney General for further processing and submission to Parliament for enactment into law.
“We are confident that members of Parliament are going to pass the Bill during the current meeting of Parliament,” Mzikamanda said.
United Nations Development Programme Resident Representative Shigeki Komatsubara said asset recovery was an important part of cases involving financial crimes.
“The United Nations Convention Against Corruption defines assets recovery as the process by which proceeds of corruption transferred abroad are recovered and repatriated to the country from which they were taken,” Komatsubara said
He committed the United Nations’ support to the Malawi Judiciary as it establishes a specialised court for recovering assets.
In 2021, the CJ established a taskforce for the establishment of the financial and economic crimes division of the High Court headed by Justice Dorothy Nyakaunda Kamanga.