ZICA Acts After Fraud
Mwenye says staff terminations and administrative changes follow discovery By Francis Maingaila Lusaka, Zambia24 – (18-11-2025) --- The Zambia Institute of Chartered Accountants (ZICA) has taken decisive action after uncovering a K2.2 million fraud involving a staff member, reinforcing its commitment to ethical governance and internal controls. According to ZICA President Mrs. Yande Siame Mwenye, the fraudulent activity, which occurred between January 2022 and September 2025, was discovered through the institute’s newly established internal audit processes. She said the engagement of an internal auditor was “timely and necessary” in detecting the irregularities. Mr. Joe Nsokolo, the institute’s Management Accountant, has been arrested, and the matter is now before the courts. The council has also terminated his employment and separated the Director of Finance as part of administrative measures to safeguard the institution. Mrs. Mwenye added that ZICA is fully cooperating with law enf...