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.
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.
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
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.
This is what is supposed to be the status quo 💪🏾🇲🇼
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 Malawi sakuona zimenezo, you will see simunati guys. Declaration of asserts is a joke!
He was leader of opposition and he had the same salary and benefits as a cabinet minister
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 brains of technician to understand them.
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
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.
Amalawi tizingokhalira kuika pampando mbava nzichani izi,uyu mumuonera nayenso mkuona anathawa gome ma rubbish
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.
Are these gifts , bribes or kickbacks
abale: abwanawa moyo wawo udayamba 2014; tabetsa mbambadi; makatedi;
Shows his wealth increased between 2014-2018 through being a politician more especially being a party president.One of the sources of his gifts is Simbi the mysterious business man who did his businesses in South Africa through his corrupt connections with the Zuma government politicians.Watch the space for Salima-Lilongwe water project that was cancelled if it won’t be given back to Simbi without re-tender process
If it was terminated by political influencial bakhas .. why not!
You are true reflection of evil black African.
If Simbi was from Portugal, you wouldn’t have described him the way you have just done.
Where did the Gifts come from? Why? whats the value? How did he get that Mansion? Nothing is mentioned here about that house.
Who were the gifts from
Join the discussion..inu anena za plot si nyumba imeneyo? mmafuna kuti anene kuti nyumba ? .
Exactly and that mansion is wealth of mwk 650 million.
Despite having all these money but failed to help the poor or build school in his home village/anywhere else in this country just as what other opposition parties do in south Africa. Kudikira akalowa boma.shame
Join the discussion…ok nde pitala kwawo anamanga eti? bakili anamanga eti? bingu anamanga eti?kkkkkk amalawi mwatani kodi
Kapoloma, Ndata, Machinjiri + Mangochi sudamvepo?
The declaration is not very clear. In fact, it begs more questions than answers. It is not just a window dressing exercise. He should be stating what he has and how did he acquire it. There are some assets that are missing. Please put a complete list of the assets. For example, the gifts he should declare who gave him the gifts to avoid conflicts of interests.
I totally agree with you.
Chakwera is a big crook. He took small loans with banks just to cover his sudden wealth increase. well he only fooling his idiotic supporters with low intellect.
That Range rover for k9 million, president is a liar could have just it was a bribe from mwenye who will never step foot in prison because of that
Poor declaration not adding up kkkkk Family Man
Good Citizen..and let all others follow suit…komanso tingongole munachulusa obusa..mpaka concurrent loans just for cars…
Two bank loans in a year all for cars . 4 Cars as gifts, really. Mpake ma udindo akuperekawa kubweza. . Kkkkkk
I knew he will do this… This guy is an open book… even when he was both President of AG and Sinor Pastor of ICA.
He is setting the standard so high for his successors.
I agree. I wonder those who are commenting negatively, did you want him to not declare his assets?
What about cost of his mansion?
Good move
So what is the new update? How much is he worth now compared to last year? and is it plausible?
He signed a K50million car loan with FDH? There is no car worth K50m here🤷🏿♂️
Mukutsaliratu a Chabwera. Moti simukudziwa kuti kuli magalimoto omakwana kapena kupitilira 50 mita?
Apoche, you have missed the point. Chabwera says “here” meaning the cars owned by Chakwera and listed above don’t cost 50 mita.
<<<<<Got it
Asiyeni Apoche opanda nzeru.
Serious question is whether he lied to FDH to get K50m loan secured by the car. In that case, we have a false declaration to bank
Mbusa ndi tambwali uyu. Anasankha so mamuna wa mwana wake kuti adzimulankhulira. Fotseki.