Mike Msungama dragged  to court over $47 200 loan default

United States-based Malawian social media ‘flexer’   Chawezi Sibongile Banda, daughter of Malawi’s former Finance Minister, the late Aleke Kadonamphani Banda, well known as ‘Chacha’  has dragged to court  Lilongwe  businessperson and Malawi Congress Party (MCP) official Mike Msungama over  default   payment of $47 200, Nyasa Times has learnt.

Mike Msungama (r) and the vehicle which he got loan to purchase

According to case Number 52 of 2020 in the  High Court of Malawi Commercial  Division, Lilongwe registry before Justice Annabel Mtalimanja, Chacha contends that she advanced the money to Msumgama through his bank account and a bank account of  Ken Kapesi based in South Africa as per Msungama’s instructions.

She has tendered to court copies of bank transfers.

According to  sworn statement by Chacha, inspite of the legal contract  having specifically agreed repayment terms, Msungama  has failed to pay any sum towards settelemt of the debt.

Msungama used the money to purchase a vehicle on December 25 2019.

According to documents Nyasa Times assessed at the court in Lilongwe, Msungama in his sworn statement filed in court argues that the vehicle was sold.

Chacha tells the court that if indeed it was sold Msungama has “no reasonable excuse not to pay the money he owes me.”

According to the sworn statement of Chacha,  Msungama took the said loan with intentions to purchase  vehicle in South Africa for their eventual resale in Malawi and would pay back the money as soon as it was sold and also pay school fees  for his daughter at Kamuzu Academy.

Msungama last week donated vehciles to MCP for campiagn.

But the case of Chacha, according to court records, was filed before the donation and has been going on for weeks.

Msungama is known as the first person to be convicted in relation to Cashgate,  the biggest financial scandal in the country’s history ,  but appealed on grounds that the Toyota Fortuner on which he was convicted of possession of stolen property found did not belong to him.

Follow and Subscribe Nyasa TV :

Sharing is caring!

newest oldest most voted
Notify of
The wise Gentle Apm
Guest

Amati show me your 5 friends and I will show you who you are.
Here are Chakweras friends for all to see.

Nicholous
Guest
Nicholous

Watheka a DPP samutha only 30 days to go

Mtete
Guest

Inu akapolo a DPP, is it because he donated vehicles to MCP that he has become a subject of ridicule?

Mada Matola
Guest
Mada Matola

Ngati mwayamba ma trick, kumabera anthu ndalama munjira zotere, mukalawa m’boma zikatha bwanji, mukulandira katundu ogulidwa ndi ndalama zakuba, koma mukuti inu umbava ai,

Banda
Guest
Banda

The other day he was giving 5 cars to MCP and TONSE alliance. Mbava za anthu

#NotMyPresident
Guest
#NotMyPresident

The whole thing does not make. $47,000 lending to someone. Are you a bank. Why did you not let him go to a bank. And guys. Frankly, I don’t understand.

Nicholous
Guest
Nicholous

It does not make sense. Samutha

Malawi walero
Guest
Malawi walero

Amangidwe ameneyo akumazitenga ngati dolooo

Kamuzu Mbewe
Guest
Kamuzu Mbewe

ngongole sumamangidwa nayo

Nicholous
Guest
Nicholous

Tell them . Ndiye atatimanga tonsetu

Namulondola
Guest

Ndiye nkumati ndivotera tonse alliance, atenga ngongole zoti azabweza ngati atawina chisankho. Be careful Malawians, watch carefully, the devil you know is better than you don’t. The devil you know it is easy to control than what you don’t know.

nafundo zalo
Guest
nafundo zalo

sopano tikamati tikufuna acinyamata titukule dziko please not in these likes. msungama musasokoneze maganizo aacinyamata ndi makhalidwe anu onyasawa. paja munali ku boys quarters musamapange zinthu ngati a njuga etini!! Ambuyanu aja tinkawadziwa .tingokhala cete.
u crook ife acinyamatafe taukana

Sally Chirwa
Guest
Sally Chirwa

This is the type of mbava you don’t want ku MCP please. I hope if MCP/Alliance wins, they don’t give him any political position. He is a crook not to be trusted. Anthu olawa mu politics kufuna udindo kuti alemelelepo nde amenewa.

shares