Aford president Chihana in K10m ‘katapila’ loan scandal 

Alliance for Democracy (Aford) president  Enoch Chihana has found himself in K10 million katapila loan scandal after he failed to pay back the money and the lender has taken a vehicle and is demanding another.

Chihana: Aford leader 

According to High Court Lilongwe registry documents, Chihana took K5 million from E.Kabuli in March, 2020 and agreed to pay back K10, 125, 000 in katapila loan arrangement at the rate of 102.5 per cent interest to be paid within 20 days.

He pledged his two vehicles; a BMW registration number RU 740 and Land Rover Discovery registration number RU 7799.

Chihana serviced the katapila loan and paid as follows; paid K2 million on April 16, 2020, K1 million on April 30, 2020, K1.6 million on April 15, 2020 amounting to K4.6 million.

“That following this the claimant agreed to discharge one of the vehicles I had put as security namely BMW RU 740 as the other vehicle that was left with him Land Rover Discovery RU 7799 was more valuable than the balance of the money ie MK5,528,000.

“That I was out of the country I could not manage to settle the balance within the agreed time,” says Chihana in a sworn affidavit.

Chihana says he surrendered the Land Rover Discovery so that Kabuli could sell it, saying the value of the vehicle was K20 million.

He said Kabuli obtained a court to sell the Land Rover Discovery to which Chihana did not contest, knowing that the katapila man would get more than the K5.5 million balance.

“That I was thus shocked when the sheriffs of Malawi seized my vehicle BMW registration number RU 740 that I had duly redeemed when I paid the sum of MK4,600,000.

“That I was surprised because as far I know the claimant’s claim as pleaded in this action was duly satisfied with him getting the order to sell the Land Rover Discovery RU 7799 that he expressly and specifically prayed to this court and is this action,” he says.

He then asked the court to pend the seizure and the sale of the vehicle.

The court is yet to set date for the full hearing of the case.

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Truthwillsetyoufree
Truthwillsetyoufree
10 months ago

🤔🤔Is Katapila legal? Shocking that the courts even recognize such malpractice! Does he pay taxes on it? Is he a registered lender with financial services regulators🙆🏿‍♀️🙆🏿‍♀️🙆🏿‍♀️

Will Nyasa Censor
Will Nyasa Censor
10 months ago

Mr Chihana sell the Presidency of Aford to Frank Mwenifumbo. That’s the best fir a bankrupt leader and Frank will pay big as he is a tycoon

Zofu
Zofu
10 months ago

The courts of Malawi recognised kkkkkk

Chickens Come Home to Roost
Chickens Come Home to Roost
10 months ago

Kabuli is not someone who should be left loose in society to lend money at 102.5% to our politicians like MIa, SKC and others. Enoch Chihana is not the only politician with a debt to Kabuli.

Emmanuel means God is With Us.

The wife Tadala mulimba nazo izi? I hope the guy reverts to the surname we have known him with for decades and when he was at Kasungu Secondary School. That is Enock Katola Phiri.

JONES
JONES
10 months ago

Katapila ndi kuba abale. Fiscal Police investigate the guy, Kabuli. Can any bank charge 102% profit? Broad day robbery.

Truth Only
Truth Only
10 months ago

To lend money one needs a license. So is this E Kabuli a registered bank? Enoch do not entertain the claim of this con man who is being put up by your political enemies who aspire for your position in Aford.

Trudy
Trudy
10 months ago

Where is E Kabuli I need his services

Putin
Putin
10 months ago

Can a court of law entertain such illegal activities?

BigMan
BigMan
10 months ago

These loan shark activities should be deemed illegal, its theft.

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