President Peter Mutharika and his government are clueless on how to use the K12 billion realised from the controversial sale of Malawi Savings Bank and Inde Bank.
Spokesman for Finance ministry Nations Msowoya told a local radio station Wednesday that his ministry is yet to consult on how to use the money which is already in governments account number one..
“We will have to meet and decide what to do with the money,” said Msowoya raising fears that the DPP led government might misuse the public funds.
The opposition and civil rights groups insisted on transparency and accountability in the sale of MSB and further accountability on the use of proceeds from the sale of the two banks.
Msowoya could not say when government officials would meet to decide on what to do with the proceeds.
Government went ahead to sell MSB to Thom Mpinganjira of FDH Holdings despite stiff opposition from parliamentarians and civil rights groups .
In random interviews in Blantyre city Wednesday, most Malawians have wondered why government did not make prior budget to the bank sale proceeds taking into account that such money has been abused in the past fearing this might be another calculated cashgate.Follow and Subscribe Nyasa TV :