ACB probes K200m bribe claim in interest cap Bill: Summons MP Dzonzi after Malawi News report

The Anti-Corruption Bureau (ACB) has confirmed it is interested to investigate claims by Member of Parliament (MP) for Dowa West Alexander Kusamba Dzonzi (Malawi Congress Party) that he was offered K200 million bribe to abandon tabling of the Financial Services (Amendment) Bill in Parliament.

Matemba: We will get to the bottom of the issue

Dzonzi claimed in report which was published by Malawi News on Saturday that he was offered the bribe by a local commercial bank to drop the Bill, alsoknown as Interest Capping Bill.

The Bill, which proposes among other issues seek to put limits on how much interest rates banks, microfinance institutions, Saccos and other lenders can put on loans, has generated interest in the country.

ACB deputy Reyneck Matemba said the graft-busting body will summon Dzonzi and question him on the matter because the issue has “attracted public interest.” 

Said Matemba: “We have taken note of the allegation.”

He said the bureau will follow all to logical conclusions within the parameters of the law when conducting the investigations and “get tot he bottom of this issue.”

Meanwhile, government says it does not support the Bill because it is not consistent with the Constitution of the Republic of Malawi and other existing laws.

Minister of Information and Communications Technology Henry Mussa said the government could not have allowed a Bill that has loopholes.

Mussa in the statement argues that matters of monetary policy are provided for under Section 185 of the Republic Constitution and theReserve Bank of Malawi Act under which RBM under the leadership of the Governor are given powers to set and implement monetary policy in this country.

“The Registrar of Financial Institutions has no powers over these matters as is being suggested in this Bill. Any amendments of this nature are, therefore, a violation of the Republican Constitution and as per Section 5 of the Constitution renders them invalid and are tantamount to usurping constitutional powers of the Reserve Bank of Malawi.

“Any amendments in this regard, ought to start from the Constitution and thereafter, the RBM Act,” said Mussa.

But MCP’s legislator argues that government is lying and that the Section they have quoted doesn’t talk about interest rate charging as an exclusive mandate of RBM.

The government statement says section 185 (1) of the Constitution states that there shall be Central Bank known as Reserve Bank of Malawi established by an Act of Parliament, which shall serve as the State’s principal instrument for the control of money supply, currency and the institutions of finance and shall serve generally in accordance with the normal functions of a central bank. 

Follow and Subscribe Nyasa TV :
Follow us in Twitter

19 replies on “ACB probes K200m bribe claim in interest cap Bill: Summons MP Dzonzi after Malawi News report”

  1. Why would we need the central bank if parliament is setting the monetary policy in the country. Isn’t it logical also to abolish the central bank and the position of the governor? Managing money supply involves monetary supply and the moment parliament takes on that role (which they aren’t qualified for) then it’s gonna be chaos. Bingu analankhula kale izi

  2. Strange that only MCP and PP MPs were interested in Pushing this bill, amid speculations that Money has Changed hands.

  3. I looks to me that this job is too tough for you. We are not getting results as expected, instead you have been working to vindicate big fishes. Leave these cases for now and the next government will take them up. Your aim is to present weak cases so that the offenders can be rescued.

  4. We the public are still interested in the Chasowa case, Maizegate and Cashgate. Get down to business on pertinent issues. If I were to rate you, sorry I don’t have any 🌟 to even give you.

  5. Ili ndi Dziko Iwe matemba ndipo udzafa infa yowawa
    Chifukwa siukugwila ntchito yako mokomera amalawi .. mulungu adzakukanthani akulu.

    Just resign and repent before it’s too late..

    Ndipemphe mzimu oyera kuti ukuyendereni

    1. Mulungu ndi bwenzi la ochimwa, tonse ndi ana ake ochimwa ndi osachimwanu. Si bwino kumaopseza anthu mu dzina la Mulungu. Ngati anthu tili opemphera and tikuona kufunika kwa ntchito ya munthu mu dziko ndipo tikuona kuti pena pake akulakwitsa tiyeni tizitha kupemphererana mwa nseli mmalo momaopsezana mu dzina la Mulungu. Iye amakonda Aliyense. And kufunila wina za bwino osati zoipa ngakhale tikuona kuti ndi oipa zimatipangila ubwino.

    2. Yesu ndi bwenzi la ochimwa. Tonse, ochimwa ndi osachimwanu ndi ana ake. Si bwino kumaopseza anthu mu dzina la Mulungu. Ngati anthu tili opemphera and tikuona kufunika kwa ntchito ya munthu mu dziko ndipo tikuona kuti pena pake akulakwitsa tiyeni tizitha kupemphererana mwa nseli mmalo momaopsezana mu dzina la Mulungu. Si bwino kumafunilana zoipa pena kufunila nzathu za bwino ndi Mdaliso kwa ife eni.

  6. Finish the 145 and 5 cars one first this one is not a case the call for the bribery was an international number which means the bank is smart to use its overseas brunch to solicit the bribe… its going to be hard for you to crack then heads here ( luck of evidence) but we have one phumbwa who returned the money this one on May 22 2019 take him in!!

    1. Nkhani sikuti amalize ina kodi if one case is dragging due to logidtical challenges so does that mean we should wait until it is finished? Malawi wanga uli vuto ndithu kkkkkkk. Let ACB do its job ndinu nomwe amene mumati sapanga act now the issue is in the public domain and they keep quiet u will be the one pushing a blame on them. Pls matemba go ahead dont be dragged by anyone. Out of the 17 million ppo u r the only one whom you were appointed by president and confirmed by parliament. Enanu dikirani nthawi yanu musamusokoneze tagwirani ntchito zanu munamuwonapo matemba akupanga interfere with your duties? Why why why eeeeee malawians!!!???????!!!

      1. Kodi nanga bwanji nkhani ya magalimoto 5 ochokela kwa Karim kupita kwa APM, which also attracted public interest did not receive similar attention by ACB? K145m + K85m ndimayesa ndi K235m? Nde K200 ndi K235m chachikulu ndi chani? Why is ACB selective! Is it because Kusamba is from opposition? Tell Ryneck to stop the favouritism, being selective and being too bias………………!

  7. Mr Matemba. There is God. The one who created heaven and earth. The one who formed you in your mothers womb. He is the just judge. He hates bias and corruption including corrupt minds.

    Malawi is getting worse because of people like you. God entrusted you and blessed you with that post to help His people. Now what you are doing is worshiping the human being whom God in His power used to appoint you.

    One day you will be answerable before God. You will have to give an account how you performed your duties.

    How do you sleep seeing the state of Malawi? You are there to help rescue this Country. Do you ever think of your grandchildren children? What kind of Malawi would you like to leave for them?

    How do you sleep knowing that every minute a child dies because they have no access to clean water?

    How do you sleep knowing children in Malawi still learn under trees and some have died because of corruption of the people you fail to prosecute?

    How do you sleep knowing that premature babies die because of Corruption at Escom?

    How do you sleep knowing that there are people who are dying in hospitals prematurely because there are no drugs.

    Reflect and Look at Malawi. Being selective won’t help Malawi.

  8. How many corruption /bribery allegations have attracted public interest? How many has the ACB investigated? Don’t you always wait for an official complaint? What’s so special with this one? Just wondering!

Comments are closed.