Chilima hints on K2bn looting at Reserve Bank of Malawi, Blantyre Water Board

UTM Party president Saulos Chilima on Sunday gave the tip of the iceberg on the  alleged abuse of State funds at the Reserve Bank of Malawi (RBM) nad Blantyre Water Board (BWB), accusing the two institution of  blowing over K2 billion during the electoral period.

Chilima: Stay tuned

Chilima gave the hint  during a televised rally he held at Njamba Freedom Parjk in Blantyre.

The immediate past State vice president appealed for patience, saying he  will reveal the astronomical figures  of the alleged funds abuse  by Sunday next week during a rally he is scheduled to address in the lakeshore district of Mangochi.

“Stay tuned,” said Chilima. “Reserve Bank of Malawi and Blantyre Water Board watch out, I will lay your secrets bare in a matter of days.”

His comments comes after the central bank said  K340 million is feared to have been stolen by one of its managers (fiscal operations) Charles Mchakulu who was arrested.

Chilima said the country is failing to develop due to corrupt and nepotistic leaders.

He accused the leaders of focusing on  wrongful self-enrchment “not improving the welfare f the citizenry.”

Chilima  said he will  encourage “citizen power” to deal with corruption and abuse of State funds.

The allegations of financial abuses comes as Malawi continues to recover from the systemic looting of state coffers commonluy called the  Cashgate scandal that drained K24 billion from public coffers , which led international donors who funded nearly half of Malawi’s budget to withdraw funding, leaving the economy foundering.

Chilima, a 46-year-old former telecoms chief executive, has maintained  corruption has worsened since Cashgate, echoing US President Donald Trump with calls to “drain the swamp”.

In recent years, corruption, embezzlement and fraud have hit many government ministries, departments and agencies (MDAs) in the country with various audit reports, newspaper and criminal investigations pointing to worsening of the vice.

The country is ranked 120 on the Corruption Perception Index (CPI) by Transparency International (TI) while Mo Ibrahim Index of African Governance also raised concerns on governance in the country.

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Mulopwana
Mulopwana
2 years ago

Mr. Chilima inu tikudziwa kuti pano kwanu ndi kulira basi. Munauzidwa kale nthawi ya chisankho isanafike kuti panokha simungawine. Inu munkati udindo wa VP wakucheperani tsono lero even ntchito mulibe. Mukhalira kuipitsa boma ndi nthambi zake koma a Malawi sikuti angakumvereni chisoni. Nthawi ya Kampeni idapita. Mwapangitsa anthu awa kuluza chisankho: Winiko, Kaliati, Lucius Banda, Jessie Kabwira, Masangwi, Chidanti Malunga, Manganya USI, Ngumuya, Njikho, Patricia Fukulani Dzimbiri ku Balaka, Chidyaonga, and many more are regretting for supporting you. You came third in the elections but you seem like you won the election. Paja munayambira kuti muulula phindu lake ndi chiyani?… Read more »

khoyo
khoyo
2 years ago

Ranting like a woman who divorces her husband willingly and then after the man remarries she becomes too jealousy of the other woman

Chakwera Chilima
Chakwera Chilima
2 years ago

Ulova Wayamba kuwawa kkkkkkkkkkkkkkk

#NotMyPresident
#NotMyPresident
2 years ago

Mufa ng’ombe

TMAN
2 years ago

ADVICE THIS MAN BEFORE HE GOES TO THE DUST BIN,ITS NEVER TOO LATE.IF HE IS JOBLESS,JUST GO BACK TO SCHOOL OF POLITICS

Alexander
Alexander
2 years ago

This Country NDILONUNKHA ZEDI . One cannot trust even RBM, ALL THIEVES WERE PLANTED THERE.
MATHEMATICALLY, DPP EARLIER PLANTED THIEVES AT MEC,TREASURY AND RBM. THIS IS WHY ECONOMY OF THE COUNTRY WILL NEVER CHANGE FOR THE BETTER.

Kanyimbi
Kanyimbi
2 years ago

@Itana which ACB u’ll report to, do u live in Malawi? ACB ndiye abakha okhaokha matope amasamba tsiku ndi tsiku shaaaah! ACB? Asaaaah!

UTM ref
UTM ref
2 years ago

Kkkk koma achinwene mukulira manyazi mulibe U want to steal the show from Chimulilenji

halmiton
halmiton
2 years ago

mukhalila zomwezo

Maria
Maria
2 years ago

Khoswe wa pa tsindwi uyoooooo

Sam Tippex
Sam Tippex
2 years ago

Sam Alfandika, ine ndiri ndi manyazi kwambiri ndi MEC. Its unbelievable!

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