Sheriffs shut down Matindi FM owned by Lutepo, Nserembo

Malawi Sheriffs have closed down private-owned radio Matindi FM over unpaid rental arrears amounting to K2.3 million.Matindi-FM

Matindi FM which is housed in a building once occupied by NBS Bank in Limbe, stopped its transmission on Monday morning following the closure.

The Sheriffs shut down the radio station on orders from the building owners, Nico Holdings.

Finance and Administration Manager, Oscar Nyamalo could not answer his phone when Nyasa Times contacted him.

But in separate interviews with several employees,  it was revealed the station was sailing through financial turbulence with workers not paid for three months now.

”Two weeks ago our transmitters for the northern and central regions were also confiscated by creditors,” revealed one of the employees.

Matindi FM owned by businessmen Elvis Nserebo and Oswald Lutepo, has lately been losing some of its employees who are dumping the once well-paying station for green pasture.

Meanwhile, the country’s two major commercial banks are currently on the neck of  the chief Cashgate suspect, Oswald Lutepo over a K1 billion loan he, together with his business colleague Elvis Nserebo  obtained in 2012.

Business partners Nserebo and Lutepo who are directors for Matindi Business Empire which owns Matindi academy,
Matindi FM and Agri-Feeds Limited owe Standard Bank and National Bank over K1.3 billion- including interest.

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24 thoughts on “Sheriffs shut down Matindi FM owned by Lutepo, Nserembo”

  1. One NDE yanga sinavumbuluke ju court,salary since September last year,akati ma excuse a Oscar Nyambalo NDE sinkhani,nanji station manager wawo mambala.No wonder na stuff anangoba,nanga nsuzi akaupeza kuti

  2. Titus Skoti says:

    Mulli is not a crook like the Lutepos and the Nselebos. Mulli is very crafty in getting deals and not in cashgating. He manages to secure deals thru normal procurement procedures and when he gets the contract, he manages to fulfil it and makes sure that you pay him his dues on time for his supplies/works.

    Munamvapo zoti iye ali mu gulu la cashgate? Ena anayesa kumuotchera katundu wake koma he is still going strong. Amenewo ndiye anthu odziwa how to run businesses osati kumalandira billions from government koma osachita supply anything. Mudzafa imfa yowawa!!!

  3. Dr Callister Daniel Phiri says:

    Mulli , nserebo and Lutepo fucken

  4. Maximum Prison says:

    It never rains but it pours! Eishiiiiiiiiii Chuma chinachi?

  5. musamude khamzy highway says:

    ITS BETTER NOT TO RISE THAN TO RISE AND FALL…SORRY MATINDI FM

  6. nomandela says:

    Williams gondwa!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  7. Why don’t u banks give loans to honest pure minded people like anyamata a pa ziboliboli,their businesses. Survives under any ruling government,these are our helped they run their businesses unconnected by the ruling party,loan them they ‘ll pay u back punctually.not these political thieves

  8. SORRY NSEREBO, YOU TOO DOING BUSINESS WITH LUTEPO —— HA SORRY SHORT MAN——- AN ACCOUNTANT.

  9. isakisalaelo Mwanakaparamolo says:

    Have known Osward and Elvis as very good friends for quite a long time and not as business partners. Aliyense amapanga zake and this story is misleading the nation. They have both worked very hard even before the cashgate issues. A Malawi, tiyeni zinazi tizikamba zoona osati kumaonjezera kuti nkhani ikome. Ma issue a ma rent even anthu ambirimbiri mma township mu timathamangitsidwa ndi ma land lord because economy siili bhoo!! Enanu kutheka mukulemba nkhaniyi koma muli ndi ma rental arrears. The problem ndi a Malawife ndi nsanje basi. Nzathu akamayesetsa we dont want to support him or her. Timapeza nkhani za negative zokhazokha. Koma akakhala amweneye nde sitiona cholakwika koma chonsecho amwenye ndiye ma crook mapeto. People like Mulli and other hard working Malawians need to be supported because anthu amenewa ndi athu a konkuno. They will live and die in Malawi. Amweneyetu ndalama zawo ku ma bank kulibe. Zimapita kuti? And that is not an issue at all. Malawians, lets wake up and be patriotic!!!!

  10. Gongonyeka says:

    Mulli is a hard work aise osati Ana lutepo akowo if Mulli had stolen money from govt Joyisi sadakamusiya choncho bwezi atatha ngati Ana Nserebo akowo wanva iwe galu ujeni Mbuli iwe

  11. Julius says:

    The gvt has vry poor sysmes, lets wait for 2019,

  12. one malawi one people says:

    mwana wa njoka iwe tukamba za matindi pano noti muli. if mulli was wrong in any of his business transactions two yes yonseyi DPP ili kunja kwa boma y not arrest him? y not close his businesess? nsanje sichamuna. mulli brothers uses political connections for bzness opportunities that’s true and ndi kuyambira kalekale kuli Bambo awo DPP isanayambe kulamurira so don’t compare them with these thieves.

  13. SAPITWA says:

    MBALAME IKAIMA PA UTA SILASIKA , MULLI

  14. nambwiyo says:

    Distortion of facts, matindi is fully owned by Elvis and he took a loan from one the banks in town to establish the radio. The Sherriffs were acting under instructions from Nico who is the landlord for the building housing the radio. No cashgate attachment in any sense.

  15. demah says:

    Penapake ma bank pa Mpanje tulo heve, anthu akumawachotsa chocho after kusitika ngini yet akudziwa kuti value yake idza dropper by the time adzidzawalanda

  16. Hoitty says:

    No wonder matindi sounded too seventhdayish kani it belongs to these two? I feel for the employees though. Akudya chani pa Malawi?

  17. ndadabwa says:

    muisova, kaya ndiye mawerengero ake mwatenga kuti? timangokuonani mukuuluka tinadziwa kuti tsiku lina mudzatela. mwatipeza pansi pano

  18. Evidence says:

    Our banks are stupid and will only touch you when you are out of government. they give loans to the well connected and fail to recover yet they refuse loans to genuine people. I hear now they are chasing Bande and some other ex ministers for unpaid loans. Stupid banks.

  19. Kapyepye says:

    Musovenge zimenezi a Lutepo, kkkkkk

  20. Chief says:

    Ndizimenezo ine ndimkdabwa kuti kodi a elvis ndalama amazitenga kuti, zakuba ku donnas eggs zomwezi mpaka kulemera chonchi? Kani zinali za cashgate.

  21. luie says:

    koma yah!!!!!!

  22. ujeni says:

    Lutepo and Mulli are all similar, the only difference is one is shielded by DPP government but am afraid come 2019 Mulli will be the next Lutepo

    1. Manyeretsa says:

      Mwana wa satana iwe, leave Mulli Brothers alone.

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