The government will today gazette a law that will allow the state to seize real-time gross settlement (RTGS) transactions and balances whose source cannot be explained. A Newsday report claims that the government is expected to seize over $2 billion both in liquid and fixed assets held mostly by former cabinet ministers, top government officials and private investors. Permanent secretary in the Ministry of Information and Publicity, Ndavaningi Mangwana had this to say
The President has invoked his (presidential) powers so that the law enforcement agents such as police, the NPA and Zacc have more teeth to compel suspects to explain their wealth. Those who fail to give satisfactory answers risk forfeiture of assets or monies.
More: Newsday