Ethiopia: New Asset Recovery Draft Bill Aims to End Economic Crimes in Ethiopia

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Minister of Justice Gedion Timotiwos revealed that the newly drafted Asset Recovery Bill aims to end crimes and establish a healthy economic system in Ethiopia.

Addis Ababa —

Gedion said economic crimes have resulted in a serious damage to the country. In this regard, the draft bill is indispensable as it attempts to overcome such economic challenges, he added. He said that"unverified wealth" is also directly impacting the financial system of the country, its tax system, foreign currency earnings, and circulation of money among others.

"They need to be stopped somewhere. We need to stop people from accumulating wealth through illicit means," Gedion underscored.

 

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