ECONOMIC and Financial Crimes Court (EFCC) has thrown out former First Lady Esther Lungu’s application for it to stay or halt execution of judgment which allowed forfeiture of her 15 flats.
Mrs Lungu wanted the EFCC to stay execution of the judgment pending determination of an appeal against the verdict in the Court of Appeal.
But a three-member EFCC bench has declined to grant the application because her reasons for the plea are not persuasive.
“We are, therefore, not satisfied that the interested party [Mrs Lungu] has made out a good case to persuade this court to exercise its discretion to stay the execution of the judgment pending appeal,” the court stated in a ruling rendered last week.
This is in a case Director of Public Prosecutions (DPP) Gilbert Phiri filed a notice of motion seeking forfeiture of Mrs Lungu’s 15 flats valued at K66 million.
Source:Zambiareports