Loans Board paid MK16 billion for ghost needy students

Taxpayer-funded Higher Education Students Loans Board (HESLB) is locked in another scandal following revelations that in 2019, the Board, influenced by the Democratic Progressive Party (DPP) machination, released almost MK16 billion to Millennium University.
Ironically, the funding did not reach the supposed beneficiaries.
A whistleblower has since filed a query with the Attorney General (AG), asking the office to investigate the matter and bring all those involved in the transaction to answer theft charges.

Friday Jumbe
The money was meant to benefit almost 160 students at the university. But the query indicates that the HESLB does not have a list of the intended beneficiaries.
Both Director of Public Prosecution Steve Kayuni and HELSLB spokesperson could not be immediately reached for a comment, but the documents, which we have seen, indicate that the money was transferred to the university towards the end of 2019 as the country was preparing for the 2020 fresh presidential elections.
During this time, the Board was being headed by late Chris Chisoni, a known DPP operative and one of the party’s main financiers and it is believed that this money was meant to finance the DPP 2020 elections campaign.
Millennium University belongs to former Minister during the United Democratic Front reign Friday Jumbe and in 2020, UDF and DPP were in an electoral alliance in a bid to outsmart the Tonse Alliance.
The MK16 billion revelation comes just two month after two employees at the Loans Board were arrested in July this year for allegedly embezzling the Board of MWK335 million meant for students’ loans.
This money was also stolen between between 2018 and 2019 through a private institution of higher learning called the Africa University of Guidance, Counselling and Youth Development.
The university was reportedly struggling financially and failing to pay rent and the loans board, whose mandate is to provide loans to students in institutions of higher learning, advised the university to appeal for funds from the board.
The university made a proposal for a donation of MWK10 million but the board sent MWK300 million.
The board then asked the university to return the additional money but to various accounts belonging to employees at the loans board.

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Peter kasema
Peter kasema
1 month ago

That’s why they are getting richer in their own poor country

TIZA TIZA
TIZA TIZA
1 month ago

when i see such reports and then hear APM talk as if he can save us, I get hurt in my heart. DPP all they want is to come back in government and continue rooting. there is no special agenda to serve Malawian.

Last edited 1 month ago by TIZA TIZA
Nyoko
Nyoko
1 month ago

Akawamanga basi aziti boma LA tonse likudana ndi Alhomwe????? Akuba opanda chisoni akanyimbi

Chipoya LJ
1 month ago

Nyasatimes trying to divert people’s attention on 30 billion kwacha meant for AIP.
Propaganda gone wrong in all this. Its high time Nyasatimes learn to bring real gacts than this nuisance kind of narrative.

Vcent
1 month ago

Ayi zikomoooo 😂😂😂😂

Jens Borgman
Jens Borgman
1 month ago

Just another ordinary day in Africa.. Some people got rich by corruption and looting public funds. So what, who cares?

James Kalimbuka
James Kalimbuka
1 month ago

So, the DPP theft is still being unearthed?

Rashid Chilizule
Rashid Chilizule
1 month ago

Komatu pilizi mukanatipumitsako…..Eish

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