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Ethopia: Parliament approves asset recovery bill with retroactive seizures up to ten years

Ethopia: Parliament approves asset recovery bill with retroactive seizures up to ten years

Africa Links 24 with Addis Standard2
Published on 2025-01-09 09:37:07

(Photo: HoPR/Facebook)

Addis Abeba – The House of Peoples’ Representatives today approved the asset recovery bill.

Initially presented to lawmakers in June 2024, it was sent to Legal and Justice Standing Committee for further scrutiny.

The proclamation, endorsed on 09 January, 2025, seeks to empower the government to seize assets acquired through undeclared income.

“The primary objective of this law is to establish comprehensive legal frameworks for asset recovery pertaining to all crimes that generate proceeds,” stated the…

Read the full article on Addis Standard

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