Lusaka, December 5, 2023
In a display of Private-Public Partnership Coordination at its best, the National Prosecution
Authority (NPA) in collaboration with the Drug Enforcement Commission (DEC) and a Zambian
based Bank, proudly announces yet another significant stride in the ongoing battle against
economic and financial crimes. The NPA has successfully secured the forfeiture of ZMW
2,120,104.21 from Shadreck Bwalya Zulu’s account held with a premier banking institution. This
achievement stems from a meticulous investigation initiated by the bank, which identified
suspicious transactions within the cited account, prompting immediate flagging.
On the 1st December 2023, the High Court at Lusaka delivered a significant judgment in this
matter. In this judgment, the court, after a comprehensive examination and consideration of all
evidence, granted a Non-Conviction Based Forfeiture Order to the Applicant, the Director of
Public Prosecutions (DPP). The decision aligns with international legal standards.
Analysis uncovered Mr. Zulu’s use of a forged National Registration Card (NRC) to open the
account and receive funds from the Cayman Islands. Despite facing serious allegations, Mr.
Zulu declined to respond during interrogation and did not contest the forfeiture application.
This triumph underscores the importance of all stakeholders to work together in a concerted
effort to ensure that criminals are left with nowhere to hide.
The NPA, DEC and banks wish to pledge their continued unfailing commitment to timely
interventions in addressing illicit financial transactions, exemplifying their dedication to
combating money laundering and ensuring accountability in financial transactions.
The NPA expresses gratitude for the collaboration of all involved parties, emphasising the
paramount importance of collective efforts in the pursuit of justice.
For media inquiries, please contact:
Chali Hambayi
Public Relations Officer
National Prosecution Authority