• This is in line with the court order of 10th August 2022.
• BoZ has completed the process of consolidating claims to investors in Destiny Helpers International.
• The total claim amount is K17, 877, 245 from 4, 893 claims.

Bank of Zambia (BoZ) has disclosed that it will commence payment of claims from seized funds held by Destiny Helpers International (DHI), amounting to K1, 100, 952.05 and US$19, 037.
Bank Assistant Director Communications Besnat Mwanza said this is in line with the court order of 10th August 2022, where the Central Bank was directed to superintend over repayments to affected depositors.
Ms. Mwanza revealed that the Central Bank has since completed the process of consolidating claims to investors in Destiny Helpers International, amounting to K17, 877, 245 from 4, 893 claims.
She stated that the distribution shall be done in a proportional manner, hence each claimant is expected to be paid approximately 8.2 percent of their investment.
“The total claim amount is K17, 877, 245 from 4, 893 claims. DHI claimants are further notified that the payment shall commence on June 1, 2023, via mobile money based on the contact details submitted with the claims,” Ms. Mwanza stated.
Ms. Mwanza reminded citizens that conducting, participating, or inviting the public to subscribe to a money circulation scheme is a convictable offence.
“Further, a person that invests in a money circulation scheme stands to lose all or a significant amount of the investment,” she added.
In 2022, Drug Enforcement Commission (DEC) froze accounts for Destiny Helpers International and took the firm to court demanding over K1 million cash and that other company properties be forfeited to the state because they are tainted assets.
Among the assets the DEC wanted forfeited were accounts holding over US$18,700 and close to K1.1 million along with laptops.
The company was accused of defrauding more than 74,000 Zambians who were lured into a savings group with the promise of receiving grants worth more than 100% of membership fees.