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Zambia: State to Inject K13bn Into Maternity Wards
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The Times of Zambia (Ndola)
9 May 2008
Posted to the web 9 May 2008
Ndola
GOVERNMENT will use K13.6 billion the Task Force on Corruption has earned from the sale of seized properties to build maternity wards at various health centres countrywide.
Chief Government spokesperson, Mike Mulongoti, said in a statement in Lusaka yesterday that the Government would spend the money on the construction of new maternity wings to improve the health status of women and children.
Mr Mulongoti, who is Information and Broadcasting Services Minister, said the decision was made during a Cabinet meeting on Monday this week.
He explained that the K13.6 billion comprised US$1,473,732.88 and K7, 762,381,878.81 earned through an earlier sale of the seized properties.
The total amount of money projected to be raised from the sale of recovered properties would be in excess of K200 billion.
Mr Mulongoti said the properties included motor vehicles, industrial and agricultural equipment, warehouses and residential properties in various towns throughout Zambia.
Out of the K116 billion cumulative total of assets and cash traced as at October 1, 2007, K20 billion worth of the property had not yet been disposed of.
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About 30 apartments in Belgium valued at $8 million were some of the items recovered as a result of growing international cooperation in asset recovery and investigation.
As at last year, K85 billion worth of assets were surrendered to the State for disposal.
The K116 billion worth of assets recovered had allegedly been plundered, stolen or unlawfully obtained between 1991 and 2001.
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