Chakwera says Mutharika govt cannot be trust: ‘Malawians will not be fooled forever’

Malawi Congress Party (MCP) president and leader of opposition in parliament, Lazarus Chakwera has said the dubious sale of Malawi Savings Bank (MSB) and the PricewaterHouse Coopers report which indicated that K577 billion cannot be accounted for in the national treasury, has proved that the Peter Mutharika’s DPP government “cannot be trusted.”

Chakwera: Malawians deserve better

Chakwera: Malawians deserve better not with hypocrite Mutharika

Chakwera said the way government handled the audit into payments amounting to K577 billion (US$1.3 billion) that are shown in bank statements, but cannot be traced in Capital Hill’s cashbook, proved the DPP is a midnight-government of crookedly.

He said the PwC examination of public finances from January 1 2009 to December 31 2014 – initially assumed to be the ‘K92 billion (US$204.4 million) – which found crime liaisons that officials have used since 2005, called Integrated Finance Management Information System (IFIMS) was not a forensic audit report.

The data analysis that has culminated into a 52-page report titled ‘Final Analysis Report: Reconstruction of the Malawi Government Cashbook for Purposes of Further Investigation’ has shown K577 billion (US$1.3 billion) were abused.

“It was a data analysis of the K92 billion ($204.4 million) audit query which then showed that there is K577 billion ($1.3 million) necessitating forensic audit. When that audit report comes out, Parliament will debate and take necessary action.

“So, the presentation of an audit data analysis as an audit report is a misrepresentation. If anything, that data analysis report only confirms that this government cannot be trusted,” said Chakwera in an interview with the local press.

The National Audit Office (NAO) said the forensic audit could take as long as 10 months.

PwC continued from where British auditor Baker Tilly, who uncovered traces of cashgate, left.

‘Cashgate’ denotes the systematic skimming of millions of dollars of money from the government payment system.

Following the Cashgate revelations, donors withdrew aid and Malawi has been operating on a zero-aid budget, a situation that has caused misery to Malawians economically.

Mutharika’s tokenism

Chakwera also accused President Mutharika for playing another crookedly role in the sale of the MSB to FDH Bank of Thom Mpinganjira.

“One of the reasons that saddened me was how the MSB saga unfolded. It had been my hope that the President would not only listen to the peoples’ representatives on the issue, but would also incorporate their views in his decision. But it was evident that my hopes were ill-placed. What happened is a reflection of our nation’s vicious cycle of unaccountable leaders who only pay lip-service to servant leadership,” said Chakwera.

The MCP president pointed out that it was clear from the report of the Budget and Finance Committee that Parliament was not against the sale of MSB, but questioned the manner, motive and methodology of the said sale.

“Several recommendations were made in order that issues of transparency and accountability would be really addressed,” he said.

The opposition leader said while the peoples’ representatives understood the reasons given for the transaction, they were surprised at the “President’s tokenism,” first in feigning suspension of the sale while at the same time technocrats were finalising the same immediately Parliament passed the budget.

“This seriously puts into question issues of governance in this nation because it is public knowledge that the bank was deliberately run down by [DPP] party functionaries so that in the end it would be sold for a song.

“So while it may seem legit that government should not be running such businesses as a bank, why is the same government talking about establishing a development bank? This government needs to know that there is no place to hide, it has an expiry date, and Malawians cannot always be taken for a ride,” he said.

Chakwera has also urged Mutharika administration to translate reforms rhetoric into action, saying if not fully followed Malawians will be disappointed with the fact that” instead of experiencing the transformation we are looking for, we will continue to be deformed as a nation.”

The MCP president is on record to have described President Mutharika as a hypocrite, saying his government is run by “distractions and deceptions, not leadership.”

Chakwera accused Mutharika of taking a “blind eye” of are so many critical issues facing Malawians.

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a Chakwera mumandimvetsa chifundo chifukwa munasankha kuchoka ku dere lokoma ndikupita ku dera loipa, lachitayiko. a busa! mudaganiza bwanji? Mu ndale muli bodza, kuba, kupha, uhule/zigololo, ndi kuononga, zonsezi ntchito za satana, ntchito za kumidima. Mu ndale muli maulamuliro akuluakulu a pansi pa Nyanja. Kukhala ine a busa Chakwera, ndikadalolera kubwerera kwa atate kuti akandiveke mwinjiro, ndi mphete mchala changa, nsapatonso mmapazi anga, nandilandire ine ku phwando la atate angawo amene ndiye Mulungu Yehova wokhala kumwamba.


Malawians are stupid to the extent of clapping hands to a thief. Jack-up fools. Bwampinitu wakalamba sikuti adzabweza nawo ngongolezi. MBUZI MANYASA. MEEE!!

Dr chakwera asks,……….why is government thinking of putting up a Development bank and at the same time sell MSB…….? Dr of theology, you had an entry and exit point in church administration. Again you have n entry into politics and i am sure you should already have an exit point in politics. So too in business.Investors world over operate businesses on this principle. the exit can be a sorry one like MSB/Air Malawi or beneficial like commercial Bank of Malawi now Standard bank.Even airtel the former owners realised when to get out and get back their money + a premium… Read more »
Makadi ChiParty
Who initiated the sale of MSB? Does Malawi Parliament started in 2015? Where were you the MCP legislators in JB’s era? Were you bribed? Why not act then and queried JB on the same as she is the master minder of MSB sale? Mr. Chakwera and your friends can you proof to us that you have economic backing on the no MSB sale saga rather than talk! Talk! Talk! Why not doing the same also on our Jet sale? Enough is enough this bank has been abused for quite some time with greedy and jealousy politicians to kill our local… Read more »

Chakwera khala chete! Unalephera kutenga boma 2014 zinthu zitaphweka! Ngati DPP inakubera ma voti ili ku opposition ndiponso mbiri yake itawonongeka kwambiri ndiye 2019 DPP ili m’boma udzayambira poti?

Sudzalamulira Malawi ngati John Tembo.

Prof Chidya

Politics can be done by anyone. Sometimes pple should know that sex, education or church going doesnt make one, a good political leader. Take or leave it. God loves our country than you do. Among all the 2014 presidential candidates, God has chosen us Peter. Why? How? It doesnt matter.Let God’s wil be done.

True man

Neither you Mr Chakwera & Peter is trusted remember your leter you sent in AG churches you told us God had told you to govern this nation koma lero muli ku opposition. We cant trust man we trust God only thanks 4 the remainda.




O Chakwera,kuyendesa m’boma kumafunika amzakazi,ayiniake ozisata, osangoti ndinapita ku Theological College ,mukafuna zimenezo ingopitani mukalalikire, mwachepanazo. Osamati Parliament inagwirizana zoti, koma muziti anthu anzeru,ozisata akuti motimoti, ku Parliament kwazanza mbuli zambiri, ena ongoziwa kuyimba basi, ena ndi odziwa zitsuzo, mufuna ife timvere zimenezo , Man ganizani bwino , apo bii, munyozeka Man. Posiliza moni kwa Joyce, mundifunsire kuti kodi wasiya kupita ku Nigeria ku mapemphero, nanga abusa a Kadawati ali bwanji, ndatha ine wanu , Kalithera

As a Malawian who loves her country, I don’t agree with the way the country is being run. the most unfortunate thing is, Malawians have stooped so low to the extent that they smile when they are being abused and even thank the abuser. we are supposed to move on and develop not being promised promised development that never see the break of day. its wise people and God fearing ppl that need to rule this country for it to develop not wishful ppl who only know how to embezzle tax payers’ money in the name of development to enrich… Read more »

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