Malawi Savings Bank CEO says he received ‘political pressure’ to give loans

The Malawi Saving Bank (MSB) Chief Executive Officer Ian Bonongwe has made a scathing revelations which conclude that the wholly-owned state bank was being forced by the Democratic Progressive Party (DPP) administratiobn to release the loans now turned “toxic” to politically connected politicians.

CEO Ian Bonongwe - Toxic loans were obtained under political pressure

CEO Ian Bonongwe – Toxic loans were obtained under political pressure

Speaking during Times TV interview on Saturday June 20, 2015, Bonongwe admitted that he was being directed by the DPP regime which was led by late Bingu wa Mutharika to give loans to the politically connected businessmen in order to fund the importation of Farm Input Subsidy Program (FISP) which they had just been given by the government.

His comments lends credence to claims that business magnate Leston Mulli challenged President Peter Mutharika point blank during an audience at Kamuzu Palace that he cannot pay back billions he got from MSB because the money mostly went into late Bingu’s business stakes.

Sources revealed that the meeting took place in March as the President tried to understand the consequences of selling the bank.

“In fact Mulli wanted the President to know that most of the money he took from MSB was channelled to Bingu who also had stakes in most of Mulli’s businesses. He asked the President to help paying back the money, a thing that made Peter angry,” sources claimed.

Mutharika is said to have advised Ministry of Finance and Reserve Bank of Malawi officials on government adopting all the toxic loans of which K4 billion was for Mulli.

When pressed by Times TV host Brian Banda to comment on why Bonongwe being a professional man was giving such huge loans to politically connected people, the MSB boss said he had no option to scrutinize the applicants because “we call them directed loans where by the authorities could say give such, such the loan,.”.

Asked if he is ready to resign from his position as the bank’s CEO, Bonongwe said he cannot resign from his position while blaming government systems for the mess.

MSB has for many years been a government-wholly owned bank with many branches across the country and sometimes it has been offering services through post offices.

Government has put the bank up for sale with only one preferred bidder FDH Bank of Thomson Mpinganjira.

The move to sale the bank is said to recapitalise it to meet regulatory requirements in terms of capital in line with Basel II but critics have interpreted it as a bail-out package for politically linked businesses.

Under pressure from opposition, civil society and the media, President Mutharika ordered a suspension of the sale of MSB to allow more public debate on the issue.

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92 thoughts on “Malawi Savings Bank CEO says he received ‘political pressure’ to give loans”

  1. A first thing first, why is MSB in this wrangle with MBHL? We all know that even great economies have their local entrepreneurs borrow money from their banks and enjoy their governments’ full support provided they pay back. The thing is why Mulli failed to pay back the loan? Was it a long term plan for PP to have this company in situation where it is now? Bingu assisted Mulli because from his economic wide experience he knew what local companies can do to our country-I really miss the guy. The real problem came in when JB dared World Bank’s advice not to harm MBHL. This company has been oppressed for good two years and Malawians are enjoying this only because of jealousy brainwashing. Can JB and PP explain to us why they oppressed this guy using our taxes? To be honest these marauders want MBHL to be eliminated and for us to have such a company again it will take ages. As you can all see PP used this bank as a tool to kill MBHL, hence sale it. Great Bingu used it to sustain local companies even though others are twisting his great thinking and love for Malawi. Had it been that Mulli was not oppressed by JB and PP MSB would have recovered its entire loan from the guy and would not be in the situation it is now. JB is the worst of all the leaders Malawi has ever had. Her cohorts are fierce as well, they sold so many things and no one questioned her, even MCP dared not. Why now defending the no MSB sale, the bank which is used to suffocate our economy by ruthless leaders who do not wish Malawi to be economically independent by oppressing the already existing companies which the very same government helped on their existence? The companies owned by Malawians are to be sustained not to be terminated no matter which government comes in. Local entrepreneurs are key to our economic independence. SALE MSB as it will continue harming our economy by suppressing our economic giants.

    1. kenkkk says:

      Dpp,mulli thieves. Risks are part of business, mulli took the risks and they should pay. No excuse whatsoever and no blaming others but Mulli themselves.

  2. Be Honest says:

    Interesting is it now that Mulli is pointing fingers at late BINGU and yet soon after Bingu’s death he went on TVM telling all Malawians that late Bingu had no shares what so ever in MBL. Does it mean this guy relies on politicians to trade his businesses or is he looking for a scape goat or was he trying to win JB’s heart? No wonder JB knew this fanatic and kick him out for she knew what he was up to. Or is it usual business at Nyasa Times to throw in Bingu so that your wish of not selling the bank and the crushing of MBL is justified?
    Secondly why this guy is in this whole trouble and yonder in a deep sea of toxic loan? The problem is us all. In the first place who oppressed this parasite? The answer is simple JB. Despite the warnings by World Bank on JB’s suppression of the company she defied odds by strongly criticized World Bank not to interfere with Malawi’s internal matters as it is a sovereign state and this letter was published in the local papers and was signed by Hanna Ndilowe. We also remember Mr. Kasambala as the then justice minister issuing letters to all government departments not to do business with Mulli and this led to JB importing maize from Zambia and yet Mulli had plenty plus in his warehouses. Even other private traders could not dare to transact with him for fear of being sidelined. To be honest in most governments around the world government is the chief buyer. The other problem is JB’s disgruntled supporters who are continuously squeezing this rascal and yet they pretty sure know that they are a real problem to us all because by denying business to this guy our economy was dealt a big blow. Look now the toxic loan he would have settled is still hanging and who gonna lose? Malawi economy: because both MBL and MSB if not careful are going to be lost. Mulli got loan from the government bank and the very same government issued no business letters with Mulli to everyone, how then would he have been able to pay back? Is this fair? There is no fairness at all-with jealousy we will go no where. Is this the way we are to be behaving; beheading our local entrepreneurs by neck lacing them with explosives for complete elimination? Had it been that this liar was oppressed he would have managed to pay back the loan and this is honest. Local companies owned by Malawians have to be supported fully not to be erased for they are a key to our economic independence. Frankly speaking this bank is a political tool to sustain and oppress our local businesses-hence sale it; every one is using it to punish MBL more especially our politically motivated CSOs. In the first place why not seek accountability in jet sale? We understand JB also have toxic loans with the bank, why then roughing up MBLs neck only? I really wonder whether the so called CSOs are for the healthy cause. SALE IT SALE IT SALE IT SALE IT!!!!!!!!

  3. kholowa mkabudula says:

    The problem is with us pipo,we give these politicians too much power that they feel they are untouchable. Be honest enough who can refuse such directive from african presidents? Bonongwe shouldn’t be even asked this nonsense as if you pipo don’t know about this,it would be you the same pipo who could even bit him for not obeying the president.This is the party that you chose,mukumva mtedza simunati. The poor becoming poorer and the stingy poor politicians becoming as rich as bill gates in only one year,the poor dying caz cant get even aspirin in gvt hospitals while the rich poor politicians are flying to the foreign lands just because their backs are itching! Tiye nazoni! yatsala 4 years kukuotchabe ukapolowu tidakali nawo! kkkkkkk!

  4. MTELEZI says:

    AMALAWI KUYIWALA MSANGA, mUNGACHOTSE MBAVA M’BOMA NDIKULOWETSANSO MBAVA? SORRY I CRY FOR MY BELOVED COUNTRY MALAWI. KUVOTA KUYANG’ANA MTUNDU. FEDERATION MUST COME AND GIVE US INTERNAL PEACE ALOMWE ABELANE OKHAOKHA BASI.

  5. The Patriot says:

    Now that we know who authorized Mulli to rape MSB what we gonna do with it? Shame on the Mutharika and Mulli families, ndithudi kudzikonda mpaka kuononga Bank yathu tonse a Malawi kuti inu mulemele? Mulhako ukamva ukuti bwanji pamenepa???

  6. James Phiri says:

    Why sell off the bank and write off the loans. the Bingu estate and the Mulli Borthers both have assets that can cover the K4 billion. Bonongwe should be going to the courts demanding that the assets of those that owe the bank money be sold to repay the loans.
    The parastatals should be freed from political interference – make them public companies with proper regulations and regulatory boards so that these companies can be run for the benefit of all Malawians.

  7. mwahana says:

    Our youths are failing to get jobs because moneys that could have been used creating jobs are being pocketed by few selfish politicians and their cohorts. To add salt to the wound they are being arrogant to the suffering populace!!!!!!!!!

  8. This Is Malawi. says:

    Can I have a directed loan please!

  9. Manyetera says:

    The cashgate party is back in office. Sad

  10. Nyapapi says:

    Bonongwe should be fired for lack of professionalism and arrested for aiding/participating in defrauding MSB through fake loans.

    He cant cite political pressure, he is a professional banker and was expected to act as such. If he felt anything wrong in the way the loans were handled he should have resigned.

    In summary he is one of the thieves!

  11. Mnunkhaludzu says:

    This CEO cannot run away to be part of the problem. He prioritized his salary package at the expense of the country. He needed at that time to tell the President that this is practically not good for the bank. They would have told the President that the bank does not have such liquidity to loan out of that magnitude….. otherwise they will become insolvent! Why did they not share that loan with other banks? We need CEOs who can sacrifice their perks for the sake of serving national interests.

  12. nkhawazatha says:

    Mulli, get real. When the president (Bingu)died you said Bingu had no stakes in your business (Does anyone have that nespaper or a recording?) Now because there is trouble, you want to share with Bingu (he now has stakes in your business. You are a liar

  13. ZZ Junior says:

    Bwana Kholowa, Ntolilo apa ndiye akutinamiza. Bonongwe it is always prudent to understand that a financial institution like banks exist because of loans they give out to customers. That’s where money is made so to come on air and tell the Nation that MSB’s problems are as a result of loans you gave to certain individuals is pure fallacy. Again we need to look the period these loans were taken and the time He himself came back to manage the bank. If anything MSB experienced poor management the two years he came back during Amai regime. Remember this Bank was almost sold when Bonongwe was the CEO. It had to take brave decision (appointing new CEO) by Bingu to save it.

  14. wamuchalo says:

    cheni cheni mchiti/

  15. Njalayamalamuchiuno says:

    It is hard to believe how the country can move forward, on development, if the party that is supposed to lead is entangled in the cobwed of numerous corruption scandals ! It is increasingly becoming obvious that there is nothing that pre occupies the nation,at the moment, more than the fraud and corruption scandals that come to the surface on a daily basis. What a disgrace to our Nation! It is high time the scandals are quickly laid bare to the public so that we move forward with development while those involved are fairly dealt with by appropriate institutions.

  16. Emmanuel Banda says:

    Tiuzeni Zambiri Inu

  17. Honest says:

    Bwana Kholowa u faile big time!!

  18. Another form of cashgate sweetly known as bankgate! koma tayenera kumva zambiri tiyeni nazoni a Bonongwe. mesa muli unkakana kuti bingu alibe ma share muma business ako nanga lero poti bingu waw smoked out wati umuemere nyau? koma munthu oipa kwabasi!

  19. Koma kumeneko, tiuzeni zambiri a Bonongwe.

  20. Kamkhwezule Kakang'ono says:

    DPP is a party of money launderers and thieves. Bonongwe has spilled the beans here. Evidence of corruption at high places here.

  21. A M says:

    Mama kabwira , mama Lunguzi and baba mayaya tiye nawoni apumbwa amenewa
    Abweze dolayo mafana apeze ntchito

  22. Kenkkk says:

    Of course mulli is the one who has to pay the loan. Mulli borrowed the money and he has to pay. It doesn’t matter to msb or govt or us tax payers how mulli’s borrowed money was used or who benefitted from it. That is none of our business. The fact is mulli borrowed it and they have to pay back.

    If mulli was borrowing the money on behalf of bingu, then they should recover their money from bingu’s estate after they have paid us tax payers from the sale of mulli’s assets. The deal between Mulli and bingu is none of our business. But the deal between mulli and msb is our business, hence we demand mulli to pay the debt it owes msb.

    It is just common sense equity and fairness.

  23. Damage says:

    Ndikuyitana pazina lamulungu monga mwaxina langa damage, inu nonse mwapanga damage ,mulungu akupangeni damage, chifukwa mukumapanga damage ziko la malawi. Kumbukirani kuti Bingu anapangidwa damage. Mulli usatibele , umatinyasa

  24. bic witz says:

    Greedy CEO! Resign or get the boot. You should have stuck to your professional guns. Since you dint, u gotto go! You cant have it both ways!

  25. p p litete says:

    Why is the goverment wants to open another bank while it has already failed to operate the MSB. .

  26. mona says:

    Muntharika and dpp must resign

  27. Mwamfunsa says:

    Bank gate, hahaha koma Ku Malawi. Zoona pa mosco pompa yapa kumatiposa ngat Ku mangalande? Recycle politicians mavuto awo ndiamenewa.

  28. Young generation says:

    Bonongwe needs to resign like Chuka at the reserve bank.They both look old like Pitala.The youngsters need to take over.When will we have CEOs in 40s?Nkhalamba zapa Malawi kuzikonda kwabasi ndipo ndizakuba kwabasi.You cant trust these gogos in Malawi.They all want to die billionaires in Malawi.Bonongwe needs to resign immediately.Even the face can tell that age is catching up with him.

  29. Curious Cat says:

    Bingu failed to make money when he was working for Comesa until his thief friend Muluzi rescued him and gave him a job at the Reserve Bank of Malawi.Pitala also came with nothing from America and he is now making billions in old age because of politics.Why were they not billionaires before they joined politics in the first place?All these politicians bragging about that they are there to change Malawi are mere opportunists.Its time all Malawians woke up from slumber.They are here to make a fat package for their old age so that they can like in large moseuleums like kings.Palibe chimene Malawi itaphulepo ndi anthuwa.

  30. Bennet Nyirenda says:

    It is now revealed, this is real, were all wondering about the toxics, nzimenezo.

  31. lol says:

    Ife timadabwatu kuti munthu uyu atabwera kumene kuchokera ku United States adali mmodzi waife, osawuuka. Koma atangom’bera Bakili Muluzi boma sikulemera kwakeko, mpaka achibale kumasiya ntchito yauphinzitsi ku school yauchenjede kufuna kudzatibera.

  32. mtumbuka1 says:

    Peter mutharika is a disgrace of a president and must be taken to task and pay back the money through the nose. Nobody voted for you apart from your few lomwe people but you used the back door to come to power to continue where you left off. Shame on you. If it were possible we were gonna

  33. lol says:

    Ife timadabwatu kuti munthu uyu atabwera kumene kuchokera ku United States adali mmodzi waife, osawuuka. Koma atangom’bera Bakili Muluzi boma sikulemera kwakeko, mpaka achibale kumasiya ntchito yauphinzitsi ku school yauchenjede kufuna kudzatibera

  34. ambuje says:

    malawians are too dull to read between lines. abereni ndi kupusa kwawoko.

  35. jemah says:

    A dpp bwezan ndalama

  36. wakwa Chakwera says:

    Kaziwiziwi.I lived in Kaporo and its true that most border police going to Songwe border are corrupt.You could find some drunk during duties and they like begging alot when people are coming from Tanzania like they don’t get paid.The evil policeman should be punished heavily and rot in prison.Most of them are a shame to the police service.

  37. mulli says:

    Iwe Mbewa Zikatha,yours is stupid thinking. There is no way Leston can just obtain the loans without him benefiting from the same. A good example is that is Osward Lutepo,he got cheques on behalf of the president and he is langushing while the beneficially is enjoying spaghetti out there. So if the loan was taken by Muli he must pay back. This is the very same act that is making Malawi not to progress by presidents having special ones who are used to milk money that belongs to us all ie Bingu amapakula through Muli,JB through Osward and Peter is doing it through Ben Phiri

  38. ujeni says:

    Tangonenani kuti it was pressure from either Mutharika, Mwanamveka, Kaliati or Mussa.

  39. Professor Seyani says:

    I went to UK without knowing that my fellow moya was that thug

  40. Kaziwiziwi says:

    Ndingotengerapo Mwayi Ngakhale Comment Yanga Ndi Nkhaniyi Sizikugwirizana Pepani Koma Mungodziwa: KUNO KU KARONGA WAPOLISI LAST WIK WAOMBERA NDI KUPHA NZIKA INA YA KU BOTSANA NKUMUPONYA MMADZI. IZI ZACHITIKA PA MRA CHECK POINT CALLED KIWE AS U GO TO TZ. ZUMVEKA KUTI WAPOLISIYU ANKAFUNA KULANDA NDALAMA KOMA MALEMUYO ANALI OZINDIKIRA. HE WAS SHOT IN THE HEAD NKUMPONYA MU MTSINJE ULI PA ROAD BLOCK POMPO. PAKALI PANO WAPOLISIYU WAMANGIDWA (CHAWINGA DZINA LA WAPOLISIYU). FUFUZANI KUTI MUMVE ZAMBIRI!

  41. Thomas says:

    Mntharika must pay the bank

  42. Am sure their is more to this issue than meets the eye.. Bonongwe you must resign with immediate effect you are just a used condom ndithu

  43. Mpandadzina says:

    Paulendo! Paulendo!!!!!!!

  44. From killers to thieves! The poor Malawian continues to suffer.

  45. bwampini says:

    Mbava nonse, malowa boma kuti mudzitibera, abwampini oipa athakati mudzafa ndi imfa yoipa. Misonkho anthu akuchita kulira nayo ena mkumathawa, inu.

  46. Thanduxolo says:

    ‘A scathing revelations’? Koma ndiye!

  47. Masoambeta says:

    Malawians being screwed in daylight. Now mutani nanga pano. Ma political commentator achina Dulani, Chingaipe, kanyongolo, pitanitu ku court kuti nkhaniyi ukhale mulandu. Popeza mumati ndinu ma lawyer. Or you train some lawyers. Musamangoyankhula koma thandizani dziko lanu. After all munapita sukulu za scholarship- charity. Return the charity to your country.

    ACB, according to rules of evidence in common law, this is beyond what you can expect. Easy pickings case. But because you too are corrupt, basi palibe nkhani apa. You’d rather crucify Yeremiah Chihana because he expose the corrupt Mutharika family. Matubzi eni eni awa ndithu.

  48. Mungakane Muona says:

    Atule basi udindo ndi wachibwana,sangapereke ma loan chonchi kwa wanthu osakonda dziko Lao ngati amenewa

  49. Mulli may be right.It may be impossible for him to pay for money he has not used.The politicians should settle the loan lo

  50. mathanyula says:

    Mathanyula akumva bwanji?

  51. chatonda says:

    Njatani onse amene adatenga ngongole motere so that they can learn a lseeson. We have no money to give politicvians because they are related to who and who. Let Mulli pay or let the bank sale all his property to set a warning sign to all such silly politicians.

  52. Yosefe Msiyeni says:

    Ife za political pressure zatitopetsa ndi ma udindo anu mumapatsidwa ndi ma politicians.The CEO and Reserve Bank Governor of Malawi should all resign.They were all conduit of these cashgates happening in Malawi.

  53. Kasungu says:

    So when opposition says scrutiny first before taking another risk u say is not good. Are u serious ? Look now we are heavily taxed because DPP need more money to seal the gaps they created. GOD is watching u, u can’t beat The GODs plan idiots .

  54. Nsimankudya says:

    This is Malawi….

  55. Sayimoni Bayisikolo says:

    Mulli should pay back the loan.We have nothing to do with his connection to his deceased Lomwe friend Bingu aka Daniel Phiri.Whether they sell Casablanca Manor or Mullis property,the MSB loans should be recovered instead of tax payers paying the loans of these crooked people.I wonder why Malawians trust these matchonas.They have lived in diasporas with nothing tangible to show later on to rip off sleepy Malawians in old age.Why should people only become billionaires when they join politics?You can be a billionaire even before you join politics.Fellow Malawians these people are here to rip us off of our hard earned taxes.We simply need to kick them out.These are not politicians but mere thieves masquerading as our politicians.We need to take an action before they mess Malawi big time.

  56. Kenkkk says:

    QED, the msb salel problem has been solved. All has come out. There is no need for the stupid forum tomorrow. No sale of the bank.

  57. Dr Mbewe says:

    Sale of bank is highest order of chashgate by dpp. Tax payers money should not be usedito fund dpp corruption. Otherwise we should all be getting loans to be settled by government or we should not be paying tax. Shame on dpp administration

  58. VIZAULI IVI says:

    lutepo confessed that it was pitala who told him to include JB in cashgate.and here is MSB boss confessing again that it was bingu who directed him to dish out huge loans to DPP gurus.koma these gulugufes! called mtharikas! eeee aononga malawi! go home foolish! idioooooti.

  59. mgawadere says:

    Zaziiiiiii ndalama mubweze basi kuyambira pitalayo ndiinu nonse nane ndikufuna ngongole man

  60. wadziyeletsa bonongwe.

  61. Grace phiri says:

    Bonogwe was never CEO during Bungi Mutharika’s reign…so unless he was getting pressure from the dead Bingu…this guy was appointed by Dr Joyce Banda…when Joseph Mwanamvekha left MSB, the bank was led by Kaisi Sadala….It was after Joyce Banda came into power that Bonogwe became CEO…

    1. JANGALE says:

      @ GRACE PHIRI
      I THINK YOU WERE BORN DULL. .IT ALSO SHOWS AND PROVES TO ME THAT YOU ARE A TYPE OF A ‘ PIG ‘ WHO WAS EVEN FAILING TO COPY AN EXAMPLE WRITTEN BY A TEACHER ON THE BLACK BOARD …
      BECAUSE IT IS CLEARLY WRITTEN HERE THAT ‘ IAN BONONGWE ‘ HAS ACCEPTED GIVING OUT THE SAID LOANS TO YOUR MULLI .
      UNLESS YOU WANT TO CHANGE SOME FACTS THEN I CANNOT BELIEVE YOU AND MIND YOU ‘ HISTORY CANNOT BE CHANGED ‘ …. IF YOU WERE BORN OUT OF WEDLOCK , YOU WILL STILL BE A ” BASTARD ”
      I REST MY CASE

  62. wiseman from east says:

    So all in all mulli will have to pay the money back. Its not documented any where that bingu is an asset to the loans, mulli played the fool here. Politics at work, the law is to take its course and is clear. Bwana mulli sorry u still have to pay our money despite you giving in to bingus estate

  63. Inhumane Rights Activist says:

    Boma la mbava! Nophiya! Anyapapi

  64. bandawe says:

    There goes Donor confidence!!!! Let the real game now begin.

  65. mpimpa says:

    shaaaaaaa!

  66. THE WISE ONE says:

    APM!!! APM!!!! APM!!! How many times have I called you? “2x” no sir!!! Its 3x. You are a fool the bank won’t be sold and help Mulli liquidate the toxic loans he got to support you of course after you have inherited the wealth.

  67. omex says:

    We said it!!!

  68. pragmatic boy says:

    This country will never develop if we continue having unpatriotic leaders

  69. Balamanthu says:

    The DPP government has been run but a few people whose major aim is to steal as much money from government regardless of the consequencies.Bonongwe is a professional who needed this job after his stint at the AFDB.This is the whole reason why reform needs to start with parastatls first before the mainstream government because thats what the DPP government has normally used to make and thieve from government.Look at MSB, MRA,Escom, the Water Boards, the quality of Board members they select to run them.This being the case then the Bingu Wamutharika Estate should pay back the MK4bn they owe the Bank before it is sold.

  70. learnedmi says:

    MSB CEOS:
    1. BONONGWE
    2. MWANAMVEKA
    3. BONONGWE

    WHICH ONE GAVE OUT MOST LOANS
    SOMEONE IS LYING

  71. A Cuthbert says:

    You reap what you sow

  72. Nseuwaboma says:

    This is not actually not a new revelation. In previous press releases issued through, strangely enough, the Ministry of Finance the DPP has virtually admitted that as a party it was responsible for mismanaging MSB.

    What I fail to understand is the stance taken by some groups such as The Nation newspapers to insist that a purely commercial solution be applied now. MSB was messed by DPP, and the same DPP must clean its mess first before the bank can be sold. This means the DPP negotiating with the opposition on the best way forward for this national asset: To save it or salvage what can be salvaged. Anything other than this will simply mean more pain for taxpayers.

    Anyone who insists on a purely commercial decision being taken, without demanding that DPP accounts for its actions first, is not a true patriot and has a hidden agenda…

    It is in fact better for the bank to fail than for the bank to be given for peanuts to another DPP oligarch – ‘Dr’ Thom Mpinganjira.

  73. George phiri says:

    The bank should not be sold

  74. Chichi says:

    Zayambika zaka ziwiri sizinathe ndikomwe.

  75. Moving copse says:

    Devils in Malawi

  76. orila says:

    Mwaonatu ndimbava

  77. Bwengu says:

    Izo ndiye timadziwa ife zoti mumangoti yes bwana a Bonongwe! Nanga mumango pereka opanda documentation? Ngati palibe umboni wa okutumani vuto ndi lanu basi, ofunika kundende inu!!

  78. mosioatunga mosioatunga says:

    zayambika

  79. BigMan says:

    bla, bla, bla, bla …….said “the source”. keep barking.

  80. haward says:

    No wonder they wanted to sell it.thats stealing from poor malawians,palibe kusiyana ndi cashgate apa or mukukwera pa chulu kunyoza anzanu. Ndiye kuti president wathuyu ndi mmodzi wa anthu omwe adapindula nawo

  81. camasa says:

    Koma boma lomvetsa chisoni lli koma amaliza Ali moyo?

  82. bob says:

    The main culprit in this matter could be late Bingu but since he is dead he can not face justice personally but his property can be sequestrated. If there is evidence against mulli etc then they should be punished accordingly

  83. camasa says:

    Tinane boma lli ndi mbava lero sizimenezi

  84. Chindere chakufikapo says:

    Another cashgate! Only 4 months in gvt= 4 billion. Wht about 5yrs=???

  85. VYOTO says:

    THIS IS WHAT WE ALREADY KNEW YOU FOOLS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!ONE DAY YOU WILL PAINFULLY REALISE THAT MALAWI IS AND WILL NOT BE A PROPERTY OF THE MUTHALIKAS.IT IS TOTAL MADNESS FOR ONE TO GO TO ANY BANK, GET LOANS AND USE THEM FOR THE UNINTENDED PURPOSES AND THEN THEREAFTER REFUSE TO PAY BACK,THAT IS UNHEARD OF. MALAWIANS SHOULD ONLY BANK ON THE OBJECTIVITY OF THE LEARNED JUSTICE MWANGULU TO RULE ON THE VALUE OF THE MULLI ASSETS THAT WERE USED AS COLLATERAL AND THEIR EVENTUAL SALE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1

  86. Alfred Munduwabo says:

    That’s it .

  87. Lickie says:

    Boma ilo

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