ZICA accountant steals over K2.2 million from institute

THE Anti Corruption Commission (ACC) has caged a management accountant at the Zambia Institute of Chartered Accountants (ZICA) for allegedly mistaking the institute’s bank account for his personal mobile money wallet.

Joe Nsokolo, 40, who probably took the ‘life begins at 40’ saying a little too much, had started saving up unlawful funds in readiness for his 40s from January 1, 2022 to August 31, 2025.

According to ACC, as of August, 31, this year, the accountant had already balanced his own books by stacking up a total of K2,263,106 for personal gain.

He has since been slapped with 40 counts of Theft by a Public Servant contrary to Section 265, read together with Section 277 of the Penal Code Chapter 87 of the Laws of Zambia, and one count of Possession of Property Reasonably Suspected to be Proceeds of Crime contrary to Section 71 of the Forfeiture of Proceeds of Crime Act No. 19 of 2010.

“It is alleged that between 1st January, 2022 and 31st August, 2025, in Lusaka District, being a public officer, Joe Nsokolo stole funds amounting to K2,263,106.61 from ZICA for personal gain,” stated ACC.

“The suspect has since been released on bond and will appear before Court soon.”

By Catherine Pule

Kalemba, November 17, 2025