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DEC Lifts Freeze on Ono Savings and Credit Union Accounts zambiareports.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zambiareports.com Daily Mail and Mail on Sunday newspapers.
The Drug Enforcement Commission (DEC) and Bank of Zambia (BOZ) have ordered ONO Savings and Credit Association (OSCA) to pay investors the money they deposited with interest.
According to a joint statement released by DEC and BOZ on Friday, a plea agreement has been concluded with promoters of ONO persuant to which the seizure on Accounts has been lifted by DEC.
“The Drug Enforcement Commission (DEC) and the Bank of Zambia (BoZ) wishes to inform the public that there has been substantial progress made in the matter regarding Ono Savings and Credit Association (OSCA) by the office of the Director of Public Prosecutions (DPP). A plea agreement has been concluded with the promoters of OSCA pursuant to which the seizure on the accounts has been lifted by DEC following a directive from the Director of Public Prosecutions (DPP),” reads the statement.