Chakwera discloses his assets

Malawi Congress Party (MCP) president Dr Lazarus Chakwera has become the first of all presidential candidates in the forthcoming elections to disclose his assets.

Addressing journalists at the party’s headquarters in Lilongwe,  Chakwera said among other things, he has houses in Area 3, 49 and  10 which has a mortgage outstanding balance of K9 million and a plot in Area 6 .

Chakwela also own a Mercedes Benz and a hammer with two bank accounts at National Bank and Opportunity International.

“The assets I declare today are not my greatest treasure for I have lived in poverty and in conform with equal contentment because my greatest treasure in Jesus Christ.

“As you see, my assets reflect a life that has been rewarded by hard work, something I desire for all Malawians but I am proud that my assets do not reflect a life that lives in opulence or excessive
luxury of the kind that makes a mockery of the poverty most Malawians are living in,” he said.

“I have acquired these assets through hard work. The sources of funds for these assets are bank loans, salaries and sale of properties such as my previous houses [Area 3/361/BW/9 and Area 15/159].”

He however could not disclose the amount of money he has in the bank, saying he needs more time for  balancing the accounts books.

Apart from bank accounts (savings, current and mortgage) at National Bank of Malawi and Opportunity Bank, Chakwera said he has Kaphiri 2 Farm in his home area Kasiya in Lilongwe, which he inherited from his parents.

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