Battle for Kamuzu property starts in Malawi court: NBM challenges Chamwabvi over sale of ranch

The High Court in Blantyre is this Monday expected to start hearing Malawi’s former president-for-life, Dr Hastings Kamuzu Banda property case as administrators of his controversial estate National Bank of Malawi Plc (NBM), one of the beneficiaries Chamwabvi Investment Limited obtained an injunction stopping any activity at Shire Valley Cattle Ranch in Chikwawa.

Kamuzu Banda assets case in court

NBM is seeking relief from court to declare that the estate of Kamuzu is the owner of the farm situated at Paiva Village , Traditional Authority (T/A) Ngabu in Chikwawa.

The  was reportedly sold by Chamwabvi Investment Limited  to privately owned Agri Courier Limited.

Judge Dingiswayo Madise is set to hear the matter in which about a dozen of lawyers are outwitting each other in the matter.

The administrators, NBM,  led by lawyer Happy Mwagomba are arguing in court that  Kamuzu Banda did not sell the land totalling 4 636 hectrers or part of it.

But according to a letter submitted to court written by lawyers of the administrators for the estate to Attorney General dated Octobe 24 2017, the  Agri-Courier Limited bought 1079.933 hectares from Chamwabvi Investment Limited in 2015.

The letter indicates that payments were made to Chimwabvi Investment Limited between February 2015 and January 29 2016.

“During this period , our client was the administrator of the estate and Chamwabvi Investment Lts had no authority whatsoever to sell this land or otherwise deal with  it ,” reads NBM’s letter to Attorney General signed by lawyers Chibambo & Company.

NBM wants to declare that the acquisition of the ranch by Agri Courier Limited was fraudlent.

Lawyer for Kamuzu family, Ralph Mhone  – MP,  could not immediately comment.

Graham Carr, a firm of public accountants which was appointed by the High Court to ascertain how much Malawi’s former autocrat was really worth, said its efforts to unravel the mystery of Kamuzu’s  wealth – which took  them to overseas banks – almost drew a blank.

After investigations conducted over a period of two years, Graham Carr released a report saying the missing death certificate  further complicated their efforts to break the mystery as most financial institutions demanded the certificate before they could release records of Kamuzu’s bank details.

At NatWest Graham Carr dug up £17,374.83 ($26,000), while at Invesco Kamuzu Banda had held £320,015.39 ($480,000).

Cecilia Tamanda Kadzamira, Kamuzu’s life-long official hostess, who was at Kamuzu’s death bed when the centenarian died on 25 November 1997 at a clinic in Johannesburg, South Africa, told BBC she had no idea who was keeping the death certificate.

Kamuzu was at one point estimated to be worth over $445m in cash and several millions more in fixed and disposable assets.

But Graham Carr say as at 31 August 1999, the Banda estate was estimated at $319.5m.

Kamuzu estate ranges from real estate and agriculture concerns to investments in both local and foreign companies and off-shore accounts.

Hastings Kamuzu Banda ruled Malawi from independence from Britain in 1964, until he was defeated by Bakili Muluzi dat the polls in the country’s first multi-party election 30 years later.

His rule was characterised by gross violations of human rights, with several of his opponents killed.

He died in 1997, aged about 101.

 

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Hatton
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Hatton

Bwana thukuta, akuluwa anasolola kwambiri. Over K400 billion was just cash. If you add the value of Chayamba building, Chibisa house and Bt. Standard bank building even though they were eventually sold, nguruyanawambe, Kamuzu Academy and many untraced property scattered across the world let alone the many farms in Malawi. Mdalayu anatakata.

#DzukaniAmalawi
Guest
#DzukaniAmalawi

The amount of money sitting in a Switzerland account is staggering and yet the country is suffering and has no money to fund its own recurring budget. Bingu amassed equally insane money with a number of properties abroad in his name. Peter is following suit including his cronies. Our taxpayers money is promoting development elsewhere with no benefit to the ordinary citizens and yet we keep sleeping and electing these thugs back into power to loot some more. What type of human are we Malawians? we are truly suckers for punishment and suffering…..its all we know.

Gonapamuhanya The Third Speaks Out
Guest
Gonapamuhanya The Third Speaks Out

Surely Juman should come back

thukuta
Guest

tsono pamenepa anaba kwambiri ndi ndani tikaika paline a tsogoleri onse opuma komanso ndi nthawi yawo angwirira ntchito?

#DzukaniAmalawi
Guest
#DzukaniAmalawi

This is why I tend to believe that we Malawians are the most sleepy and stupid people in the world. Firstly, Kamuzu must have appointed someone with the power of attorney or the family must have signed up a legal firm to wind up his estate. One of the two is keeping the death certificate and/or running the estate on behalf of the deceased. Someone somewhere is still benefitting from the proceeds of Kamuzu’s estate, the question is who is that person. In the absence of all, the Attorney General surely can obtain some sort of certificate from the High… Read more »

Mwananyanian
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Mwananyanian

… and the list of incompetency is unending!
Kikiki Can’t solve the “riddle” of a missing Death Certificate for a former President of a country, for twenty years? What universe are Malawi lawyers operating in?

#DzukaniAmalawi
Guest
#DzukaniAmalawi

Its absurdity of grand proportions. No wonder our so called experts can’t solve the cashgate saga. I am sure if the govt were to engage an O Level student from the UK, he/she would close the case within 5 days. No wonder Malawians keep voting for clueless leaders with no finesse or vision. We are technically brain-dead.

Mesimadzi
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Mesimadzi

£445 million in cash in the 90s? How much were his annual earnings? Rooting inalipo apa.
Death certificate mpaka kusowa? Umafia ungapose pamenepa? Ku Garden city clinic sanasunge copy? Katengeni copy kuti tidziwe katundu yemwe anasolola mkuluyi. Zikavutitsitsa mumufunse Jumani Kamuzu mwina angakuthandizeni. Remember, MCP as a party is part of his estate hence whoever is running it does so illegally. Let the administrators, NBM, run it and not the ones who are running it now.

Mfumu yopanda madyela
Guest
Mfumu yopanda madyela

Talk of the real family parties bro. No one else not from that blood can inherit it. Malawi is not a Kingdom, back off with your briefcase parties.

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