Finance Minister in contempt of Parliament: Malawi MPs brand Mutharika, Goodall ‘thieves’

Malawi Congress Party (MCP) MP for Dowa East Richard Chimwendo Banda accused Minister of Finance, Economic Planning and Development Goodall Gondwe of being in “contempt of Parliament” for proceeding to sell the hitherto government wholly owned Malawi Savings Bank (MSB) after the House has suspended completely the sale.

Finance Minister Gondwe with FDH Bank  boss Thom Mpinganjira at signing the Malawi Savings Bank controversial deal

Finance Minister Gondwe with FDH Bank boss Thom Mpinganjira at signing the Malawi Savings Bank controversial deal

In an impromptu signing ceremony at the Ministry of Finance, Economic Planning and Development Headquarters in Lilongwe, government gave up 75 percent of its stake in MSB for K9.5 billion ($21.1 million) to FDH Holdings Ltd (FDH Bank).

The Mutharika government has gone against recommendations of the Budget and Finance Committee of Parliament whose resolution, adopted on Wednesday, that government should recapitalise the bank to enable it meet regulatory requirements.

Banda said one of the recommendations in the Budget Committee report is that, government should stop the sale of the bank pending injection of K4.5 billion.

He accused Gondwe of “ executive arrogance” by going ahead to sale the bank and coming to inform the MPs that “experts were meeting somewhere else.”

The MCP MP said an Act of Parliament 2010, Financial Services Act, does not allow the Finance Minister to sale more than 49 per cent of the shares.

“I have a Constitution with me, Section 4 says that, the Constitution shall bind all Executive, Legislative and judicial organs of the state at all levels. The Finance Minister has gone ahead against the Constitution of the Republic of Malawi, the motion of Parliament and is now respecting the experts and the Civil Society Organizations,” said Banda.

“ We have so many CSOs, you can mention a number of them, but they were never voted by the public in this country. (They applied for their jobs. We are mandated by law to stop you and advise government. We have an oversight role, legislative role and representation role. Those CSOs do not even have any. They are paid by their bosses and we are paid by government tax and we have the mandate,” he added.

Chimwendo Banda said the Minister of Finance is in the contempt of Parliament and “must be fired from his position.”

He continued: “The Minister of Finance is demeaning Parliament and I repeat, that if at all the Minister thinks that Parliament is useless, there is no need for us to spend government tax here. He should go and continue meeting those people to pass the budget. We passed the budget in this House, because you want Malawians to be represented. I am sorry, you are in contempt of Parliament and you must resign immediately. “

Gondwe said Parliament did not pass any resolution.

“ If you make recommendations it means that you know that there is further authority that has to decide. That is what recommendations means,” said Gondwe.

He challenged that if members feel he was in contempt, he they can “take action.”

“We will bow to that but the point is, as far as this issue is concerned, it is a matter of deciding where the interest of the country lies. If we allowed it to fondler, the government and the tax payer, will have to find something like K32 billion now to pay the depositor. That is what banking is, my friends,” said Gondwe.

Chimwendo Banda challenged Gondwe that the Budget Committee report had recommendations : “They are also resolutions by the way. We have resolutions here and we did adopt the report.”

Gondwe commented: “, I did not say there are no recommendations. I said these are recommendations. What I said is not there is that, there are no resolutions. That is what I said.”

Meanwhile, opposition members of Parliament (MPs) took centre stage in parliament standing up and throwing insinuating chants at Gondwe and President Peter Mutharika describing them as “thieves.”

“Goodall, Peter, wakuba, wakuba,” they sang.

Budget and Finance Committee chairperson Rhino Chiphiko has since said the committee would meet to ponder whether to challenge the sale in court.

On June 3, Mutharika suspended the sale of MSB to allow for more consultations.

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55 thoughts on “Finance Minister in contempt of Parliament: Malawi MPs brand Mutharika, Goodall ‘thieves’”

  1. Deflated says:

    Kachedwani ndi negative mindsets, work hard at what you do and prosper. Nthawi ino ndiodya thukuta osati kutukwana anzanu

  2. Ndanena says:

    MPINGANJIRA THOM HAD STOLEN A ZIMBABWE FIRM AFTER HE GREASED THE MALAWI HIGH COURT JUDGES TO WIN THE CASE AND NOW HE HAS PENETRATED TO FURTHER STEAL MSB THROUGH THE OFFICE ABOVE. MALAWIANS MUST TEAM UP NEVER TO TRADE WITH THOM MPINGANJIRA AND BETTER MOVE ALL YOUR ACCOUNTS FROM BOTH FDH AND MSB.PLEASE ALSO NOTE THAT 90% OF STOLEN MONEY AS CASHGATE WAS KEPT BY THOM MPINGANJIRA, NO1 THIEVE IN MALAWI AND THE LUTEPOS AKULENGA.SDA MAN MBAVA YOTHERATU AND LIPUNGA FISI WENI WENI KUPEMPHERA KONAMA.

  3. Malawianmom says:

    The solution is for the people who took the money from the bank, to pay back the money, and government to see to it that. It’s done,because government know who took the money.

    NOT TO SALE IT.

  4. buddy says:

    Following

  5. MAMA says:

    BANK YOMWEYO AKUFUNA AYIGULITSE ,MODULA KWABASI KOPOSA ZOMWE AGULIRA

    MBAVA ZIMENEZI
    PROFIT AZAGAWANA

  6. Pachalo says:

    DPP is stupid

  7. orila says:

    Goodson Gondwa kwawo ndi kwa alomwe koma anasintha dzina pamene anakayamba xul pa Luwinga kuti Goodal Gondwe. Moti Thomas Mpinganjira ndi mzukulu wache.

  8. Dr.prof.nyada says:

    Whoever is supporting the sale of msn should have his sanity questioned . Look at what privatization did to institutions such as post offices. Crazy people with crazy rulers. I hate to be a Malawian…….

  9. Bahasa says:

    GuysLets find out how much tax FDH was paying to govt , it rings a bell .how come a company has never posted a billion kwacha profit can raise 5 billion kwacha extra on top of 4.5 billion kwacha

  10. chingolopiyo says:

    The government has done the right thing. It is not good to keep on with a bank that does not make enough profit for the sake of having so many banks in Malawi. We can talk all the kudabwe language here, but that will not help at all.The bank has failed to perform because we you don’t put your money there. Your bank accounts are either at National or stabank. Stop yelling here even those MP.s. none of them have an account with this bank. How can a bank make profit when all the cashgate money you were banking in your cars? Government has make a decision, and all decision will not be your or mine cup of tea. We can swear, even reminding yourselves with the foul language you were taught kudambwe, right decisions has to be made. We can call people thieves yet you know inside you how much you have stolen, including in your own pot.

  11. loyd says:

    anthu samva chomwe amadziwa ndikupakula basi.

  12. cheyo the real northerner says:

    Recommendation and resolution at its best. The chewas do not understand easily. It takes time. This is one of the doomed tribe in Malawi. I dislike these people. Get it or not, if this tribe will be given chance to rule, Malawians will suffer a lot. They are the bad Apple.

    1. NGANGA NCHIMWALA says:

      U R SO STUPD!

  13. haward says:

    Peter ali momwemo

  14. nicholas says:

    This Mpinganjira Thom is just another version of Osward Lutepo,the Puppet president has interests in this. Akhala a Gondwe wo angowagwiritsa ntchito ngati achitsiru chabe,nanga sanakhale ku IMF

  15. Advisor says:

    Mavuto aliko ku Malawi bac

  16. Chindindindi says:

    Heehede tinkanena adathira msiizi

  17. mlomwe ozindikira says:

    stop supporting things from a tribal perspective but from reasoning and realistic one. Those who are saying bravo Mr. president, Because he or she is lomwe or a southerner are just playing stupid politics. This ship called Malawi will sink without sparing you as lomwe. All of us will perish or benefit at last. Give us reasons and reasonable at the same valuable arguments and comments that sentiments.

  18. Eddo kalekeni says:

    Waiting 4 2019 elections

  19. Atambwali sametana says:

    Opposition Mathanyula has played you this time. You passed the budget he sold MSB!!!… go figure

  20. Wachikond says:

    I told u one day we will wake up been sold siizi zinanso mukuti chani G4s? Amayeeeeeeeee

  21. Iam so worried with Muthalika DPP admininstration,let me remind you that it is these same people who borrowed Money from MOTA Eng I tell you they did that without the approaval of Paliament in conclusion, The President,and the Minister of Finance,don’t respect the registrature and the Constitution of the Republic of Malawi.they can do without them they think.They are not sensitive enough to accomodate the views of the people.WRONG!

  22. yah no comment lets wait and tell me which districts people will die of hunger this year.

  23. captain says:

    Amalawi mukusekelera kubeledwa? Bingu had shares in fDH and the same bank bought MSB wat is that ? Peter is the one who bought it

  24. akhwinda says:

    Thom is just a figurehead ma buyers eni eni azaziwika patsogolo. Ili ndi dziko……

  25. Alufeyo says:

    I have always said we dont need parliament in Africa. The executive doesnt care about MPs because they have no teeth. In this case what, if anything, will Chiphiko and company do? The answer is simple “NOTHING”. We have an illegitimate govt that stole votes and is not accountable to the people of Malawi. I am urgin DPP to sell Lake Malawi and Machende ama MP onse basi.

  26. obwande says:

    Ungodly people will always justify there evil deeds at the expense of the poor and would strive to disguise justice with eniquity forgetting that the creator is monitoring all this and that one day you will be liable to pay the price.

  27. Ndatero ine says:

    News just arriving
    MALAWI GOVERNMENT TO SELL MALAWI POLICE SERVICES TO THE ONLY BIDDER G4S @ UNDISCLOSED AMOUNT

  28. Ndatero ine says:

    Pay back time is coming

  29. chilungamo says:

    some are saying opposition does not rule hence they should shut up i beg to differ today Malawi is shumbles all what was invested by Dr. Banda was sold that our un employment levels are so massive poverty unspeakable because of such people who were after saling aal govt owned companies such that these are remaining few today those of you who are saying the truth is we will regreat the same way we are rregrtting today after all other s were sold

  30. kagonapetro says:

    zomwe tinafuna

  31. Chintebwe says:

    The one wrote comment no4 is an idiot coz you dont know what you are talking may be iwenso ndi mbava

  32. mphwache wa bingu says:

    Go to court but be assured you will come back empty handed. There is no clause in the constitution which says about contempt of parliament

  33. BigMan says:

    Those opposing the bank sale are not being realistic and are talking from a point of ignorance or mischief. Malawians are too fond of procrastination and arguing instead of being serious and decisive on important issues. You’ve barked enough, now grow up and move on to the next argument!

  34. Che Wanimiliyoni says:

    After everything is said done congrats to Mr Tom Mpinganjira for owning the 3rd largest bank in Malawi. But what beats me is if the whole govt was failing to recaptalise the bank with K32 billion can one family do it in this poor country of ours? Mr Mpinganjira must be our own version of Aliko Dangote

  35. MCP MPs and all MCP members I think this is a lesson to you as a party you helped this thieves to insult JB lero ndizimenezo Pali mwambi oti kusogola sikufika if you would have worked with JB sizikanafika Pamene zafikapa. JB was a listening president.

  36. zaluma says:

    Godall Gondwe son of brilliant Tumbuka teacher and inspector of Schools shocked Nyau guys kkkkkk. How could a parliamentarian fail to distinguish a resolution from recommendation? Then you will stand there insulting the Alomwe that sumudziwa Alomwe chilichonse. Lomwe are brilliant guys like Tumbukas. No Lomwe can fail to differentiate a resolution to the recommendation. Come to Phalombe and ask a Form 2 learner will tell straight. A Tumbuka tiyeni nawo abulu awa kukhalira Nyau basi. Ife Alomwe kwathu nkulamula ambuye. APM woyeee

  37. Mulohmwe wa kwa Mendulo says:

    Mbava za DPP izi, Goodall is # 1 thief seconded by Pitala Muthalika agalu amenewa atizunza koopsya

  38. Owen says:

    God is watching everything no one is above the law oneday justice will preval

  39. zabooka says:

    Bravo Chimwendo. Mpinganjira and Goodal you are all thieves, what kind of valuation is that?

  40. yamikani chitambaa says:

    ” ngati munthu ukugulitsa katundu wa mnyumba without replacing them”,there is no development in that house ,so if the government continues with the process of selling the bank,there should be a replacement

  41. Big brain says:

    Sass opposition do not understand

  42. Taiba says:

    There is nothing to debate or consider. Like it or not the constitution is the body of fundamental principles and established precedents according to which a state is acknowledged to be governed. Parliament is effectively supreme over a head of state and accordingly power is derived by winning a majority in an election.
    Parliament should with due haste lodge an urgent case in court to interdict and stop the transaction of sale of the Bank and further if the court indeed finds that criminal actions did occur in the process of the sale, the relavent prosecuting authorities should as per law persue the transgressor.

  43. Mapiri says:

    Hey, K32 billion from who and for what? Goodall is just confusing pipo. Which depositor is he talking about? Mpinganjira has only paid K9.6 billion. Where is the K32 billion coming from? Goodall has been used by APM and Lomwes. Achina Mwamamvekha mbva!

  44. The Most Concerned says:

    Zimafunika anthu odzitsata izi. The President has used the powers conferred upon him by the constitution. Inu mukuyendera ma recommendation. 0 pa 10.

  45. PROFESSOR DR. JAMES NAPWIRI PHIRI says:

    That is why our MPs are deemed toothless. The minister of finance is loud and clear and i quote “if you feel injured, take this else where for an action”.

    You Mps are a disappointing body. Show us your “action” and not words.

    MEMBERS OF PARLIAMENT, WE CHOSE YOU TO REPRESENT US, SHOW US THAT YOU HAVE POWER BY TAKING AN ACTION.

  46. Angel of Doom says:

    This country is in the proverbial “Shit”

    Why did the Budget Committee not call Gondwe and ask him to explain the rationale behind Government wanting to sell the bank, then decide based on that.

    Chimwendo Bandas arguments are pathetic, in chichewa we call them “Kunyanyala” ndiye muzipanga nokha!! How silly can you get?

    Why does Malawi want to hang on to an asset that has no value? Are these parties really fighting to keep this worthless asset or just to jostle for political sympathy for 2019?

    By fighting, the country is not running, and the fault is not just DPP and UDF, but opposition parties as well, and in the end DPP will come out smelling of Roses because people will realise the sale of MSB was a wise move.

    Those are bandying “Wakuba” have nothing better to say, who in their eight mind would steal when there has been all this noise about MSB?

  47. Charombanthu says:

    There is a saying which goes “It is better to keep your mouth shut and give the impression that you are stupid than to open it and remove all doubt”. Some comments on this forum only show how shallow minded and clueless some idiots are on this subject. What has this issue got to do with MCP or UDF or PP or indeed a particular tribe or region ever ruling this country again? This country will indeed never develop, ever..

  48. Fathara says:

    MCP CHIPANI CHOTEMBELEDWA. NGATI MCP SIZA PANGIDWA DELIVER MUYIWALE KUTI MUZALAMULA. MWAYIWALA KUTI MUNADULA KOLONA WA KATOLIKA?? MWAYIWALA KUTI MUNASEKA ZISEKO ZAMA CHURCH ACHIKATOLIKA NDIZIMITENGO?? CHIMENE MUMAPANGA PAMENEPAJA KUNALI KUCHITEMBELELA CHIPANI. NGATI MCP SIMASULIDWA SIZALOWANSO M BOMA. ZISEKO MUMASEKA ZIJA MUMASEKA MCP KUTI ISAZABWELENSO M BOMA. MAWU NDIKUYAKHULA ONE DAY MUZANDI KHULUPILILA.

  49. Parallel Market says:

    I sympathise with Peter and Goodall on the sale of MSB. Fellow Malawians, lets face it; where will the government get K32bn to bail out MSB from collapsing? If the Government is failing to pay its own employees, failing to stock our hospitals with required medicines, failing to finish renovation works for Chileka Airport, etc, can it afford K32bn for bail out?

    However, Malawians including myself are worried with the manner in which the transaction has been hurried considering that huge ngongole zinatengedwa ndi anthu omwewa koma sanabweze, pamenepo ndipomwe pakuvuta kwambiri, otherwise, it is making economic sense what they have done but lacks morality.

  50. mahara says:

    this govt.is full of thieves and the country can not develop never.mbava zimenezo

  51. Say NO to Stupid Federation says:

    Ndiwakumbutse A Mcp Mau Awa “Wapakaliyara Saimba Belu”

    Ngati Umaganiza Kuti Muzilamula Malawi Muli Ku Opposition Ndiye Mwauponda.

    Inu Muzingoyimba Thungululu Choncho Zaka Zisanu Zikatha Anthu Akwanu Akasakhe Mphungu Wina.

    Mcp Will Never Rule This Country Again.

  52. Achimidzimidzi says:

    Our opposition parties in parliamnet are damn stupid. As far I know nothing will be done even if Hon. Gondwe was wrong.

    I am failing to make a difference between government thiefs and opposition parties.What I can see are robbots in the opposition.

  53. That show arrogant DPP is

  54. Kapasula Mayi Chiponda says:

    MCP ndi anthu wamba , sadziwa chilichonse zokhuza economy . Go to hell you murderers , you killed Gadama , Matenje , Sangala , just to mention but a few

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