Tukula warns of bloated assets declarations, says ‘physical check’ next

The Office of the Director of Public Officers’ Declarations (DPOD) has warned that those that might have doctored assets in their declarations will have to face the long arm of the law as physical verifications are expected to be done soon.

Tukula:  Assets database can be accessed

Tukula: Assets database can be accessed

DPOD Christopher Tukula unleashed the warning Friday amid speculations from some commentators that some public officers’ – whose assets have been made public – bloated their wealth.

“As an office we will have to verify to check whether or not the assets the officers declared reflects what is on the ground,” said Tukula. “If one, for example, said it cost them K10 million to build a house and yet it turns out that it was more or less than that that will be considered as fraudulent and is punishable by law.”

Tukula said that the offence attracts a minimum sentence of two years plus a fine of up to K500 000.

He repeatedly warned those that “underestimated or overestimated” when declaring their wealth.

Some of the officers whose wealth is now known include President Peter Mutharika, his predecessor Joyce Banda, vice president Saulos Chilima, leader of opposition Lazarus Chakwera and Speaker of the National Assembly Richard Msowoya.

Mutharika’s declaration of wealth fits him in the bracket of the country’s billionaires. Details indicate that he has a couple of bank accounts in and outside the country that hold close to K4 billion cash.

The President, who declared his wealth in July last year, has over US$8 million (about K3.4 billion) in two banks which he holds in the United State of America (USA) where he spent most of his working life.

But some commentators have since reacted to Mutharika’s declared wealth as not adding up.

Malawian writer and social analyst Stanley Onjezani Kenani wondered whether Mutharika was transparent enough.

“Professor Peter Mutharika,” Kenani wrote on his Facebook page, “retired from the law faculty effective July 1, 2011 according to the Washington University’s website. He was under pension scheme 403b. On average, a professor under the 403b scheme gets pension of $40,000 (K16 million) a year.”

He questioned: “So where, exactly, did Mutharika get the $25 million he used to buy one of the cars? And where did he get the hundreds of millions of Malawi Kwacha he has splashed on cars in the last five years? Is he honest? Is he telling our nation the truth?”

Late Pres Bingu wa Mutharika, who died suddenly of cardiac arrest in 2012, had in May 2004 declared his wealth to be around K150 million.  However, in an assessment of his estate after his death valued his wealth at K61 billion, a figure his family disputes.

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37 thoughts on “Tukula warns of bloated assets declarations, says ‘physical check’ next”

  1. Chikumbutso Mkumbila says:

    Zoona Malawi Ufulu tinaumvetsa tha’s why Malawi sakulemeraaaa angwazi anali bwino koma anafa ndi mbiri yoipa akazapezeka ngati Hastings ngawzi Kamuzu Banda Malawi adzatukuka otherwise tidzingosafala ndi mbava zilipozi enawa akutchula kuchuluka kwachuma pomwe alibe akudalira ikamatha nthawi yawo azakhale atapeza chuma chomwe akuchitchulacho nanunso amene mukuyendetsa kaundula wachumanu muonetsetse kuti sakupatseni nchele cholinga mutseke pakamwa. Malawi tikufuna pomachoka amene alipowa tizamve kuti zasintha osati kumangoti amene atalowe kuba nawonso amayiwa nde anatilowa mkabudula sichina UFULU MALAWI ndiumene ukutipangitsa kukhala dziko losauka .

  2. 100% Lohmwe says:

    Onsewa akunama,mbava zokhazokha izi..anthu osakonda dziko lawo nde choncho Malawi atukuka bwanji? Inunso okafufuza please pakhale chilungamo komanso lamulo ligwire ntchito..Tionera inu

  3. Yosefe Gambatula says:

    Amalawi being headed by mbava ali phee busy clapping hands for thieves.I have said now and then that Malawi do not have politicians but thieves but to rip off poor Malawians of their hard earned taxes and the people who do donkey work die in poverty.This mbyofo mbyofo a wealth is very questionable taking from how his demented brother mercilessly looted Malawi within a short period of time to become a billionaire.His greed never took him anywhere as never even slept a wink from a Casablanca manor he built from looted funds.Peters wealth is very questionable including JB the clueless woman we had and the six pound thief Muluzi.This thieves should be taken task including their kids.Tukula should scrutinize everything in a detailed manner otherwise all these are just time wasters to Malawi.We never had any serious leader since the death of the real ngwazi Kamuzu Banda.All the rest have been there to make a fortune on the expense of poor Malawians.

  4. Vavlov says:

    Professors don’t earn lots of money, so this president is a liar, this money has been looted in Malawi. The truth will be known

  5. ujeni says:

    Peter Mutharika if indeed he has $8m in his bank account in the US, definitely its not from savings earned from his job. You can cheat some people but not everybody, some of us have relations who migrated to the US in the 70’s and having risen to be professors there but don’t agree with the nonsense Peter Mutharika is trying to fool Malawians.

  6. sd says:

    Malawians poverty spirit. Just koz u hav realised Muthalika is not ur size..uR hurt? Ufiti tho! Do ur own thngs!!u poor souls!poorest pple in wealth&brains the whole world

  7. Teketeke Mcherewatha says:

    I wonder why dogs spend most time barking than listen: It was said and I quote, Bingu’s wealth was valued at 24/25 billion but the valuer, a Mr. Yeremia Chihana, in collusion with then Min of Justice and AG R. Kasambara, bloated the amountfigure

  8. chefourpence says:

    the money is in his pensions accounts not from pensions.

  9. Jihad John says:

    Peter Muthalika should give us bank statements about the US$8 million he declared. Surely a lecturer at a university cannot earn that much money even if he won the Nobel Peace Prize of any kind. That is part of the much talked K92 billion. We have a thief at the top.

  10. Wagona nkhule waliwa says:

    My Comment is that though u can re-value their assets, and dig up the truth that they overstated or understated, l swear no one of them will be sent behind bars. l strongly object. Their wealth will set them free. You will eat my words. Laws were crafted for the poor and not the rich.

    (Faanveek)

  11. Mwama Du says:

    150 million kwacha ending up to 61 billion in only less than ten years? MALAWI WAS BEING LED BY A THIEF. APM having more wealth outside than Malawi. kkkkk what a joke! MALAWI IS BEING LED BY A CROOCK FOREIGNER. He is just milking Malawi.

  12. akulu says:

    I was talking to my former lecture in America on the 8 million dollars my president kept in pension scheme. He was just laughing and said African leaders are crooks. Why cant ur office of director of public declaration request for one year bank statement then u LL get the answer. U LL find out that this money is not from pension fund as stated but has bn deposited

  13. Nkhombokombo says:

    Khoswe wapadenga anaulura wapa zala!

  14. Future leader says:

    Indeed assets are bloated and it is high that party and tribal followers you started to become objective upstairs. It is not true that a Suzuki Vitara can be valued at K51million. Pro. PETER, further said that he boughr all these cars between 2001 and 2013. Are you sure (headless) followers that a vehicle bought in 2001 is/can be valued at above K15million? Tukula, your obsevations are as good as mine and you have to start with your appointer into the disputed position you are.
    As for JB, her declaration is a pure style of ‘kutakata’. Her worth is a mockery of justice and Tukula without wasting and just making noise verify her assets which I feel are heavily underestimated.
    As for main opposition party leaders, I doubt that you and other family members only own 4 houses and have six vehicles. It is a sihn that you wanted the presidency for worth qnd having 6 vehicles is madness as you have invested in houses and maintain maybe about 3 vehicles.
    In summary, all the leaders that have declared their assets have not given the public the proper value of their worth and that Tukula should verify and give the public the correct information.

  15. A very tricky situation indeed. This Assets Declaration is fictious

  16. chakwanuleka says:

    The suggestion to verify the declared assets is more than commendable. The assets declared by APM have indeed been bloated deliberately in anticipation of possible looting. I bet if he indeed has this amount then it must be from the 92billion. It can easily be traced back to money originated from Malawi as his brother was trying to hide money around

  17. The Truthful One from the West says:

    Comment: The verification is welcome. The first to start with is Peter Mutharika’s house in Nyambabwe, Blantyre. There is no way a house in Nyambadwe can be valued at K7million.

  18. John Suzi Makhawa says:

    Onjezani Kenani, staying in Switzerland doesn’t mean you know everything. The professor started working way before your mother started menstruating. He learned the power of saving. He had a law firm and was doing consultancy work. The problem with some of you is that you have the same old mentality of going to school, working for somebody and retiring. Noooo! Your friends are investing while working. Kuteroko iwe ku Switzerland ko ka $65,000 per annum ukulandirako ukungodya basi osasunga?

    1. Nkhombokombo says:

      John Suzi Makhwawa, you as you know more about Peter Mtharika than Peter knows himself. You can’t come to the point of insulting Kenani’s mother for the sake of Piet! What a rot you are! The man was just putting forth his thoughts of proof. If anything when did your man start buying those poshy cars and having his accounts swelling with shadey figures? Have you not heard of the 92bln missing? Iwe usapangitse anthu kuganizira mwachabe! Think before you give your comment, man! This action taken by Gvt for these people to declare their assets is not to find out who has more or the most but the character of the beholder, is he/she worth the salt? We don’t elect these guys to their positions to accumelate wealth, ah!, ah! but to lead us. And leading us not to steal but to gather and build.

    2. Jelbin mk says:

      But that law firm is missing in Peter’s assets but this fool makhwawa knows it eish this fool is going to bother us on Nyasa times doesn’t he know that a green card holder can not own a law firm in America?

  19. onjoya says:

    Kodi zingatheke bwanji jb kukhala ndi k156 million, Lutepo 4bn anaba ija inapita kuti? ndalama ya ndege ija ili kuti? ndalama ya chimanga ija ili kuti? i did not see gpy in her asset declaration. iwe kenani panga kae declare ma asset ako. this should also apply to NGO’s,CSO’s and Prophets. They must all declare their assets

  20. Uchindami says:

    KODI 25 MILLION UNITED STATES DOLLARS YOMWE AKUNENA A ONJEZANI KENANI NDIYE ITINSO?

  21. Uchindami says:

    Lest we forget or provide misinformation. MSB needs recapitalization of over MK23billion. Kodi mukatu Abulazi athandizepo ndiye zawo zonse zipita. Mapeto ake adzasauka ngati khoswe wamtchalitchi!

  22. Mr. Y.K.B. Pathakonyengo says:

    MK 4 billion worth in assets and liquid cash?

    Bwana President, I really don’t know who was advising you to declare this much but I seriously think you are setting up yourself for a trap.

    God bless Malawi.

  23. Mwanamulomwe says:

    JOYCE HILDA MTILA BANDA HAS DECLARED, ALPHA PETER HAS DECLARED, BAKILI?

  24. Uchindami says:

    A DPOD komanso a Kenani mukubwera bo. Madalawa akuoneka atchula dala zambiri ndi cholinga choti akayamba kupakula zantchito tidzati adali nazo kale. Kodi ndalama zimene adasiya mchimwene wawo ku mabanki a kunja ziri kuti?

  25. Alfred Munduwabo says:

    Just go ahead Tukula ,don’t fear anyone , you are the boss , they are all under you. Make a follow up.

  26. big boy says:

    Malawians its time to wake up from this slumber.

  27. Juma says:

    Earning income is not the same in the US as in Malawi (the poorest and leat resourceful country in the world). There are multiple revenue stream opportunities in the US. It is not the same being a Professor in the US as in the lazy flea bitten UNIMA where drinking chibuku is regarded as intellectual activity and no research or is done with no other sources of revenue.

  28. Like I already said, Peter is not declaring the wealth he has. He’s declaring the wealth he’s going to make after he’s done with your government coffers

  29. Kenkkk says:

    Mr Tukula, apart from the obvious assets, how do you judge that a person has underestimated or overestimated their wealth? Do you have a common standard of assessment?

    You need to give proper and clear guidelines as to how their wealth should be assessed. It would be wrong if someone is arrested or fined for genuinely thinking their estimates of their wealth is correct and you think differently.

    Physical verification of physical assets is welcome but it should be backed up with proof of ownership
    In the form of title deeds or registration or receipts or other forms of ownership evidence.

  30. Mwanamulomwe says:

    THE PRESIDENT MUST USE HIS VAST WEALTH TO RESCUE MALAWI SAVINGS BANK.

  31. Jelbin mk says:

    I have and will never trust Muntharika and this has worsened my doubts because honestly the declared assets do not really add up here

  32. Mwanamulomwe says:

    ME THINKS IT IS OBSCENE THAT A PRESIDENT OF THE POOREST COUNTRY HAS 8 MILLION UNITED STATES DOLLARS SITTING IDDLE IN THE BANKS OF THE RICHEST COUNTRY IN THE WORLD WHILE HIS PEOPLE ARE HUNGRY AND SUFFERING FROM FLOODS. PRESIDENT MUTHARICA CAN HELP TO REVIVE MALAWI SAVINGS BANK WITH HIS GREAT FORTUNE BUT HE CHOSES NOT TO. IS THAT FAIR. PRESIDENT MUTHARIKA HAS BEEN TELLING MALAWIANS ABROAD TO SEND THEIR MONEY HOME YET HE HAS BILLIONS OF KWACHA STACHED AWAY OUTSIDE THE COUNTRY. HYPOCRITE. LEAD BY EXAMPLE YOUR EXCELLENCY. NO MORE LIES.

  33. Patriot says:

    Akapanda kukupatsa Funding utani?
    Chifukwatu zambiri ndi zolakwika apa.
    Wina ali ndi chuma chompotsa Barrack ku amerikako.
    Winanso alibe chuma koma anagwira zaka zambiri mbiri mu company ina yake ya ma fone.

  34. Alibewawo says:

    Why are we surprised? Remember Joyce Banda used to earn about MK30,000,000 as an appearance fee to present an award or make a 30 minutes speech. What more with a law lecture? Kusafunirana zabwino kokhakokha. Sitidzatukuka.

  35. let the physical check come up with the real figures it may be these guys were declaring what they think they will loot from goverment,in other words they were pre-telling their next assets.let alone again the law take out of office the crooks and false officers..Bingu is our aman to learn from and avoid arepeatition of history of cashgate

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