Chakwera makes fresh assets declaration: Updated from K272m wealth, 3 cars as gifts

President Lazarus Chakwera, in compliance with the Constitution of Malawi, submitted his assets declaration form to the Office of Directorate of Public Assets Declaration.

President Chakwera has submitted his fresh  assets declaration forms

Presidential media liaison officer and executive assistant Sean Kampondeni confirmed that Chakwera presented a fresh asset declaration forms upon ascending to the office of President, saying he was trying to fulfil his obligations.

Kampondeni said the resubmitted declaration contains updated information from what he declared in 2019.

In previous declaration, Chakwera’s wealth was said to be around K272 million, a Kapiri 2 Farm in his Malembo village in Lilongwe  which he inherited from his family and a plot at Nyangulu Village, Traditional Authority Makanjira in Salima purchased at K1 million from his gratuity.

Some of the assets to be declared, according to the law, should include those in which the member or any member of his immediate family has full or part ownership interest.

The declaration also includes information about the assets’ location, the date of acquisition, the amount paid for the property, the current valuation of the asset and, where possible, the contact details of the person or entity from whom the asset was acquired.

Chakwera declared a fleet of vehicles owned by him personally and his immediate family which include a Mercedes Benz saloon bought in 2014 while as leader of opposition at K4.5 million using a bank loan, a Range Rover registration MC 969A worth K9 million bought in 2017 with a bank loan and Isuzu truck bought in 2014 also using a bank loan.

He declared three vehicles to have been given to him as “gifts” between 2014 to 2018; namely a Hammer registration MC 20, a Toyota Hilux single cab and Toyota Prado TX.

Chakwera also declared motor vehicles owned by his son Nick,  daughters Violet Mwasinga and Tapiwa Kampondeni and son-in-law, Sean Kampondeni.

He also signed a K50 million car loan with FDH Bank through Parliament, according to his declaration.

Follow and Subscribe Nyasa TV :

Sharing is caring!

0 0 vote
Article Rating
39 Comments
newest
oldest most voted
Inline Feedbacks
View all comments
Zio ine
Zio ine
1 month ago

Chakwera has lied on his wealth because just his house in area 6 can be wealth over MK1billion and on gifts he has understated it he has more of it because he was in the news that he splashed MK35m and I don’t anybody with assets worth MK75m can splash all that much money. If people are doubting Chisale wealth what more with the lies by Chakwera

Corona
1 month ago

I did simple arithmetic on his bank account.the total in his local bank accounts is about 30 million.recently he spend 35million on tonse mps.i m not sure whether he cleaned his banks accounts to give the money to mps.on his account with nbs ,he did not indicate the balance.this clearly shows that the reverend is crooked just like the one before him.it same old wine in a new bottle.

ERUTU
ERUTU
1 month ago

This is what is supposed to be the status quo 💪🏾🇲🇼

Cairo
Cairo
1 month ago

You see how people are easily fooled. There is something that is not adding here. You mean this is called assert declaration, nonsense. Vehicles bought 5 yrs ago going with the same value in 2020, what a shame. In addition, Presidents in Parties dont receive salaries and how come this Laz could get a loan from different banks? Is it possible in Malawi where banks dont easily give out loans unless you have a collateral and without clearing the previous loans, this President is corrupt too and he has amassed wealth in a very short period of time. And a… Read more »

Mike Bamusi
Mike Bamusi
1 month ago
Reply to  Cairo

He was leader of opposition and he had the same salary and benefits as a cabinet minister

Mr. Angels
1 month ago
Reply to  Cairo

big know that once you are voted to be MP, parliament gives you a chance to get a loan amounting up to Fifty Million Kwacha, ask Mps they will tell you about this. Malamulo a asset declaration amanena kuti munthu azinena mtengo umene anagulira chinthucho and komaso the current value. WOLEMBA NKHANIYU wasankha kutchula mtengo wogulira katunduyo wasiya kunena the current value on his own reasons. Value of Cars can depreciate and farm value may appreciate depending what has been invested on it. Asset Declaration is not a joke is serious issue koma popeza zinthuzi ndi za technical needs the… Read more »

Malawi belong to the citizens

Mr Chakwera you got enough, help malawians now to have a better living standards please, especially the elderly people and the youths please Mr Chakwera.Osazigundikira Kut zifike Kuma billions

Trapence
Trapence
1 month ago

From K43 million to K272 million in such a short time? what did he to amass such wealth? And remember that he splashed ma K500,000.00 to his MPs as a token of appreciation, I’m sure that was not accounted for here, eish! Malawi and its leaders.

Malidadi
Malidadi
1 month ago

Amalawi tizingokhalira kuika pampando mbava nzichani izi,uyu mumuonera nayenso mkuona anathawa gome ma rubbish

Medson
Medson
1 month ago

Mk272 million
I totally disagree with the president as well as Abusa.
Abusa is triple wealth of the figure shown above.
This shows how unfaithful the president is ,
Young generation has been sold out.
Crying for my beloved country.
The president think we have forgotten the fight he had after he took over power within Mcp.
He forgets the story of nkusa Nkhoma.
The lady who stood up against his wealth.
My country men especially young generation u have been sold out.

laws
laws
1 month ago

Are these gifts , bribes or kickbacks

Mfumu yaikazi kuchigwa
Mfumu yaikazi kuchigwa
1 month ago

abale: abwanawa moyo wawo udayamba 2014; tabetsa mbambadi; makatedi;

shares
Read previous post:
Chakwera makes cover of New African magazine as ‘God’s man in State House’

President Lazarus Chakwera has received plenty of praise for his transformational, inspirational leadership and ‘clearing the rubble of corruption’ campaign...

Close