Chakwera, Chilima wealth made public: APM, JB assets known

March 20, 2015 Nyasa Times Reporter 109 Comments

Malawi Vice-President Saulos Chilima has declared ownership of five farms, several plots and houses and insurance policies valued at about K7 million in the details of his wealth declared to the Office of the Director of Public Officers Declarations.

Chakwera: Declared wealth known
Chakwera: Declared wealth known
Msowoya: Wealth made public
Msowoya: Wealth made public
Chilima: Assets known
Chilima: Assets known
Banda: eclared that she fundraises both “locally and internationally” for her local and international charity and development work under the Joyce Banda Foundation.an official comment from the Reserve Bank of Malawi
Banda: Seclared that she fundraises both “locally and internationally” for her  charity and development work under the Joyce Banda Foundation
President Mutharika: Billionaire
President Mutharika: Billionaire

Chilima also declared registered jointly with his wife Mary, several bank accounts holding about K8 million.

The assets declaration information made public also is that of leader of opposition in Parliament Lazarous Chakwera.

Chakwera, who is also president of the Malawi Congress Party (MCP), also said he jointly owns with immediate family members, 10 other different bank accounts.

The MCP president, a former head of Assemblies of God church, declared four houses worth K120 million, six vehicles and six bank accounts,  including one in America containing about K6 million.

Speaker of the National Assembly Richard Msowoya assets declared on December 19 2014 are four houses constructed in Lilongwe and Mzuzu worth K120 million.

Malawi President Peter Mutharika declaration of wealth shows he is among a group of billionaires details indicates that he has a number of bank accounts within and outside Malawi that hold close to K4 billion cash.

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

In Malawi, the declaration of assets documents show Mutharika has about K70 million at Standard Bank and a fleet of nine vehicles which he reportedly bought between 2001 and 2014 also valued in millions of kwacha.

Mutharika’s predecessor, Joyce Banda, among her declarations, is about $14 000 (K6 million) in a bank in the USA, about 240 000 South African rand (over K9 million and K2 million at National Bank of Malawi.

Banda, who is president of the People’s Party (PP) and made her declarations on December 30 2014, also declared ownership of 63 vehicles, most of which she donated to her party and tax is yet to be paid in full to Malawi Revenue Authority (MRA)..

The former president also declared businesses such as her school, Joyce Banda Foundation valued at K114 million.

In May 2004, Bingu declared his wealth to be around K150 million. However, an assessment of his estate after his death valued his wealth at K61 billion, a figure his family disputes.

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109 replies on “Chakwera, Chilima wealth made public: APM, JB assets known”

  4. No wonder APM iz never shaken when it comes 2 de issues of zosololasolola. Kungoti a Malawi kudana ndi Chilungamo. APM’s Asset declaration iz a true reflection of wat he has. It was imposible 4 him to win de elections from de oposition if he had no money. He used part of him mane to fund the political ralies.

  5. Malawians lets not be jelous asiyen ndi thukutalawo limenelo koma nde sitibeledwaso ndi kulemelakwake kumeneku

  7. Marimar Mbuli yoopsa ndiiweyo ms lectures are having grades and get paid according to their grades and Peter was not a senior lecture,he was the down graded lecture teaching in a public university which pays less more than the private ones and your break down is soo pathetic because if someone gets $30 000 it doesn’t mean can save it all. You spend most of your salary and save a small portion of it,for those who are in the know will agree with me because you can’t get paid k20 0000 and save it all if you are too strict you can only save up to k5000 per month only and if you don’t have children but you have children you can overspend to the extent of even borrowing so for you Mr to suggest that Peter was saving it all then I should say you must be living in another world and your thinking is very stupid to understand issues.

  10. Mwapatsidwa zingati? Ena onse mukunena value. Saulos mwangoti several houses. Of course tikudziwa anabadwa ndikukulira pa makobili koma bwanj simunayike value monga mwachitira ena onse

  16. Arrest this Mbyofo mbyofyo graffiti writer please.When did he make such a fortune within a very short period of time?Even Obama never had such a fortune before joining the presidency in America.Pitala anali womvetsa chisoni when he was coming from America until his crazy brother manipulated a position for him in Malawi politics.Anali tikubeledwa in daylight.These are politicians.These are thieves ripping us in day light.This mbyofo mbyofyo Pitala needs to explain to Malawians how he came up with such a collosal figure.Amayinso galimoto zokhala ngati ngumbinso anazitenga kuti.Zinthu sakakukwilirani nazo kumanda.Awful greedy people in a shameful impoverished country.

  17. How can Peter amass such within a short period of time?He was damn poor when he was coming from some sleepy Mississippi in the US.Ndalama zimenezi amapakula ndi mchimwene wake anagwa ndi cardiac arrest.This guy is thief just like his fallen brother.He needs to be arrested before he messes Malawi big time.

  21. My declaration: 1 bag of beans at khombedza, one goat, one 1/4 acre munda along bwanje river, 2 dogs, 23 children,4 wives, 5 girlfriends, 1/2 pair ma sleepers, one shirt, kabudula mmodzi, one singlet, uta umodza,khasu limodzi and half blanket.Value=MK673.Ndithandizeni kuti ndifike pali a professor APM.Ndiambere ndani?

  25. US$8million from lecturing. Yes this needs verifying with the banks as to when the deposits were done and by who.

    1. Remember Chakwera’s wife is quiet and humble. But she is a professional accountant and works hard, had a solid career. Ngati walemera ndi za m’mbale azibusa enawa akukanika bwanji? Don’t be tantalized into believing that one has to steal in order to live a comfortable life. Hard work pays.

  30. I don’t believe in these figures, they under valued or under stated. These guys are cheats! Only God knows the truth. Profesors are usually the most miserable fellas. Is there a way of verifying these declaration? Please lets do it before we are cheated!

  32. Palibe chilungamo apa mafigala onse awa ngabodza ndalama zonse zimene anena ndidzochepa kwambiri,Achilima k7m basi?

  34. I don’t agree with Chilima’s declaration. The man has been at the helm of airtel for close to five years. A junior engineer at airtel gets not less than K1 million salary per month. And now you tell me the man is worth K7 million kwacha only in assets. My foot!!!

  37. Lazaro, chopeleka cha mbale mpaka ma million onsewo. Ndalama za Mulungu mpaka kulemera nazo choncho. Yet ndalamayo imapelekedwa ndi ankhristu osauka kwambiri. Iwe mpaka nyumba ku USA. Mwina umachita churchgate pa ndalama zomangira matchalichi. Kapena salary yako inali mu US dollars ngati peter. Lazaro m’busa wotembeleredwa. Zoyankhula zako zikukuchitira umboni.

  39. Peter Mutharika billionair? teaching yomweyi? He has opened a can of worms. Not possible a foreign lecture in US amassing $8m, never

    1. Possible! You know nothing more than lecturing that a Prof can do….writing books, journals, research, being a member on advisory council and Peter befits all these in his over 40 yrs career. He is also a partner with his lawyer children!

  40. 4 bilion in malawi kwacha is nothing when converted to US$. Fourty years in diaspora you should nor be suprised with this. If Kamuzu whose business in Ghana was pvt clinic for abortion, and became a bilionaire just when he ascended to the presidency, you should not be surprised by a University proffesor. Just google salaries of senior lectures in reputable varsities in US.

  42. If indeed Peter Mutharika has billions(which is impossible, how?) why is Malawi government borrowing Millions of Kwacha home and abroad when the President himself is sitting on billions. Lets wait and see, some international news will classify him as one of the richest in Africa then he will be forced to clarify

  43. someone today buys a sofa worth million kwacha while another one is struggling for MK20 to buy vegetables to feed whole family(granny,father,4kids,2orphans,2relatives and herself),happening in malawi

  44. Iwe mbuli ya jihad john ndi mzako Ujeni, mukuona ngati u lecturer wake wa UNIMA. Let me teach u. A lecturer at chanco receiving K200,000/month . For 30years = K200,000 x12 x 30 =
    K72million. While a lecturer in USA receiving $50,000/month. For 30years = 50,000 x K450 x 12 x 30
    = K8.1Billion. Jihad/ujeni, njiru ndi yomwe ili mwainu. Musatengele umphawi wanu.
    Stupid.

    K200,000 x 12

  46. It is clear that Peter Mutharika stole the money during Bingu days. How do lectucters earn in US? 4 billion cash is a lot of money.

  47. Apitala Chuma Chonsecho Munachitenga Kuti? Uphunzitsi Omwe Munkachita Ku America Ungakupatseni Ndalama Zonsezo? Ndikumafunanso Kuonjezeranso China, Nsambi, Mungoba Misonkho Yathu Basi, Anthu Owelengeka Okha Ndi Amene Ali Ndi Chuma Pamene Tikumva Kuti Dziko Lathu Ndilosauka Kuposa Lililonse Pa Dziko Lapansi, Zomvetsa Chisoni

  51. mu zaka 30 mwapanga 4 billion ndiye tisadzave popuma uperesident mwapanga 50 billion in five udztiva kuwawa

  56. Malawi’s assets: 1. All vehicles loting in govt instutions carparks-non runners, pending auction sale at the tune of K20, 000 each.
    2. 5 bland new busses loting at police headquarters instead of putting them into use to recover our money.

  57. Zikhala bwanji mbava? Anthuwa amagwira ntchito zapamwamba. Zao zimenezo tiyeni nafe tizigwira ntchito molimbika. Ngati Zili mbava zitengere ku khoti. Usawi chichi?

  58. Once again, Malawians with their naivety, stupidity, illiteracy and desperation will fall for this crap

  59. Never say ndalama ndezikuvata bwanji? rather say ine ndendalama zikundivuta bwanji?looking @ wealth some malawians have!

  61. Eeeeee!koma anthu ali ndi chuma kumuposa golden gongolo,apa apanga declare pemphani mascholarships, ine anandipatsa kale moti ndukastuda ku america

  63. Have the assets been verified. Theze crooks can declare assets they do not have with the hope that by the end of their tenure, they will have amassed that much.

  64. Abusa amatenga kuti ndalama zonsezi? za mkachisi? koma masiku ano, better onsewa amagwila ntchito koma abusawa bwanji?

  69. Ine i hav 6000 in my acc with bicycle without a tire, two pairs of patapata, my salary wealth 12000/month, itel fone wich am using to login nyasa wealth 3500. Thanks ku mpando.
    (ndiye winawe uziti presdent koma uyu! Kumakhala kusazindikira anthuwa chimene amafuna nd self esteem.)

  74. Not many millionaire sports stars or musicians in US have that sort of money. $8m? no way!!!! Thief!!!

  75. Comment Nanga ana anu kapena abale anu sima assets?tisazamvetu kuti mpandowu ndikumusiila mphwanga apatu mwalephela kunena kuti muli ndi aphwanu agalu inu mitu yanu chuma chonsecho mukadyela kutiko mitu yanu

  76. Peter Mutharika has become a billionaire at the back of Bingu’s plander, thus why Malawi will forever be perpetually poor. Malawians are stupid citizens that’s why these machonas, three of them now came and milked the sleepy people dry time to show them the door to jail.

  78. And yet the educated youth are just complaining of unemployment.Teachers are nt geting paid,few health workers etc

  81. Wait! Wait! Atupele Muluzi is missing on the list. Is he aware of the exercise?

    Komanso palibe amene ali ndi ngongole iliyonse koma Dr. Chakwera anatenga ngongole Ku MSB

    This is false!

  82. A Chakwera choncho mumayembekezera kuti mungawine chisankho?? Ndale za muno no cash no winning man. Kapitirizeni ubusa man…..Pepani.

  84. Malawi wasauka pati pamenepa? The issue here is not that there is no wealth in Malawi, but highly unequal distribution of the same. Ma million onsewo kwa munthu m’modzi, atangawidwa fairly enafe tikanapezeka tili ndi njinga yakapalasa. Catholic social teaching needs to be applied in order to end such economic disparities.

  85. Malawi wasauka pati pamenepa? The issue here is not that there is no wealth in Malawi, but highly unequal distribution of the same. Ma million onsewo kwa munthu m’modzi, atangawidwa fairly enafe tikanapezeka tili ndi njinga yakapalasa. Catholic social teaching needs to applied in order to end such economic disparities.

  88. Ngakhale akanangokhala osanena palibe chomwe chitithandidze ife osauka. Amalawi umbi=uli bwanji?

  89. Koma ine ndi Peter tikufanana chumachi tangosiyana pa benz pokhapo. Yanga ndi v boot koma the rest ndi chimodzimomdzi. Koma sindinaphunzitsepo ku America koma pa Kaphuka

  90. Mutharika ndalama zakuba izo. 2005 cash gate. Ma million ku States anatenga kuti? Kuba basi. How many lecturers are millionaires. Ngati m’bale wake makobili anamangira white house yo (surrounded by povos hurts), si kuba kokha kokha. Zopusa basi.

  95. Let’s be honest here. I don’t think a university lecture could have up to US$8 million. This is the money that Peter jointly store with Bingu Muthalika. What kind of research did he do to earn all this money? Even Kofi Anan could not have earned this large sum of money. We need to have a breakdown of all the deposits that will include dates. You will definitely know or see the sources. I may agree with what Chilima has. Even Paul Mphwiyo beats him and no wonder Mphwiyo used to challenge Saulos at drinking joints before he was shot and wounded. Even Namata has more money and property from stolen taxes. Bravo Saulos. You are humble and should serve Malawians after Chakwera.

  96. Given the weak registration system in Malawi this is far from the truth. These guys have more. Bolabe at least there is a basis in case of probing questionable amassing of personal wealth.

  100. ine i have two dogs, 5 chickens, some knives, forks and spoons, a set of cups, 7 pots, 4 tomatos and 8 onions, a pail of ufa, 1 packet of fresh usipa , 572 kwacha in my NBS account and a negative balance of 890 kwacha with national bank.

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