ACB arrests fierce DPP youth governor over YEDEF loans
Time up for DPP’s terrorist-in-chief Lewis Ngalande. The Anti Corruption Bureau (ACB) has arrested him for using students to access K2 million youth loans and bought personal truck.
ACB inside sources confirmed the arrest of Ngalande on Wednesday in connection with corruption concerning Youth Enterprise Development Fund (Yedef).
His arrest comes after the local media reported last Saturday that Ngalande used three students to access about K2 million loans from Yedef which was described as illegal according to Yedef director
Harrison Mandindi.
“I can confirm to you that the ACB picked, Mr. Ngalande today (Wednesday) for questioning in connection with the Yedef loans,” an impeccable ACB source said.
In October last year, Ngalande used Brian Kaunda a student at Malawi College of Accountancy (MCA); Doris Mangazi, another accountancy student in Blantyre and Pilirani Lita who was also a student at the time to access the second tranche of the loans.
Brian got K500 000, Lita K900 000 and Mangazi got K450 000.
The students confirmed getting the loans but handed them over to Ngalande to purchase two trucks contrary to the proposals of the loans which were for business according to the requirements of the loans.
Former deputy minister Billy Kaunda, whose son is among the students, confirmed he was aware that Ngalande used Brian to access Yedef funds.
Mangazi who said Ngalande was her uncle said: “I gave the money to my uncle, Mr. Lewis Ngalande who is running the business. He bought two trucks which were carrying government’s subsidized fertilizer. The trucks are registered in his name.”
But Mandindi said Ngalande – who has been behind terror campaign by DPP youth cadets – and the students were not supposed to get the loans.
Government introduced the Yedef loans in 2009 to empower the youth and address the rising unemployment in the country. It has so far spent about K2.8 billion on two loan disbursements and business equipment, leaving a balance of about K200 million out of the allocated K3 billion.
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