Mist over Mutharika’s US house value: Malawi leader accused of lying in his declaration of assets
Head of State Peter Mutharika is being accused of lying in his presidential declaration of assets, overestimating the value of his house which is located in Missouri in the United States of America.
A house Mutharika said he bought at the price US$750 000 in 1982 – according to his assets declaration made public mid this month – costs less than US$300 000, Nyasa Times has established.
An agent in the US said houses like Mutharika’s, with the same structure and facilities, are currently being sold at around US$250 000.
Mutharika, his deputy Saulos Chilima, former president Joyce Banda, Speaker of Parliament Richard Msowoya and leader of opposition Lazarous Chakwera have made their assets public in accordance with the country’s constitution.
In his assets documents, Malawi leader declared to the Director of Public Assets Declaration what critics says it’s an overestimating the value of his house located in Missouri.
According to the President he bought his property in 1982 at U$750,000 at an address 81st Louis MO63105 in 250 Brentwood.
More information Nyasa Times sourced from, www.homes.com, a US portal into house selling business, corroborated our source’s estimation of houses in Brentwood.
A snapshot check on the site showed that the range of most houses in the neighborhood range between US$125 000 and US$300 000.
Mutharika claimed he purchased the house using savings from his savings as a university professor. The incumbent president taught law for many years across the world for more than forty years before joining politics.
Aside the US house, Mutharika also disclosed he owns a house in Area 10 Ulemu Drive and another in Nyambadwe, Blantyre number NY 453.
Special aide to President Mutharika, Ben Phiri, dismissed assertions that the wealth declared may be exaggerated. Asked if the President can explain how he attained his wealth, Phiri said the law does not provide such provision.
“The law says he should declare and it does not say that he should explain what he declared,” said Phiri.
Director of Public Officers’ Declarations (DPOD) Christopher Tukula has since warned that those that might have doctored assets in their declarations will have to face the long arm of the law as physical verifications are expected to be done soon.
Mutharika alsi declared that he had about $10 million deposited in banks in Malawi and the United States.
The details of his declared wealth show that Mutharika had a number of bank accounts both within and outside Malawi containing close to 4 billion Malawi kwacha (roughly $10 million) in cash.
The Malawi leader has over $8 million in two U.S. bank accounts. In Malawi, Mutharika has about $1.7 million at a local bank, along with a fleet of nine vehicles that he reportedly bought between 2001 and 2014.
Section 88 of Malawi’s constitution requires presidents and cabinet ministers to declare their assets – and those of their spouses – within three months of their election or appointment.
However, the declarations were postponed after Malawi’s Office of the Director of Public Officers Declarations gave public officials until December 31, 2014 to make them.
The idea behind the declaration of assets by elected or appointed officers is to check whether whatever assets they acquire while in office is commensurate with the perks of their offices.
Late president Bingu wa Mutharika, who died suddenly of cardiac arrest in 2012, had in May 2004 declared his wealth to be around K150 million. However, in an assessment of his estate after his death valued his wealth at K61 billion.
Follow and Subscribe Nyasa TV :
Welcome to the Disney land of the Muthalika brothers. Once again Peter has fooled Malawians and himself by uttering lies and unsubstantiated on his declaration of assets which were acquired through dubious means.In fact,his revelations on the ill-gotten assets have not only astounded the suffering people of Malawi,but also the entire donor nations who know pretty well,the rough trend of Malwi’s economic footing.On the whole and in fact,Peter being in the highest office of the land he should have known the ramifications when trying to knowingly beguile the voters.Peter and his late brother Bingu under-rated the intelligence of Malawians.They very well acknowledge the fact that the assets he declared were not US pensions,But the remains of his brother’s loot.In the world of social media,this shameful and hideous news has become viral and make Malawians the laughing stock of the world and political lepers of Africa.Peter has no where to hide his nefarious heritance,but to hand it over back to the people for the reconstruction of their nation.Peter return the loot your brother stole from the people which is also what you used to rig the elections last year
Well come to the Disney land of the Muthalika brothers.Once again,Peter has fooled Malawians and himself by uttering lies and unsubstantiated on his declaration of assets which were acquired through corrupt and dubious means.in fact,his revelations on the ill gotten assets have not only astounded the surfing people of Malawi,but also the entire donor nations who know well the economic predicament of the State.On the whole and ikin fact,Peter,being in the highest office of the land,he should have known the ramifications when trying to knowingly beguile the voters.Peter and his late brother Bingu underrated the intelligence of Malawians.The people know pretty well that the assets Peter declared were not US pensions,but the remains of his brother’s loot.It does need someone to be a phantom scientist.In the world of social media,jthis shameful and hideous news has become viral and make Malawians the laughing stock of the world and political lepers of Africa.Peter has nowhere to hide his nefarious hesitance,but to hand it over back to the people for the reconstruction of their beloved mother Malawi.Peter,return the loot you and brother Bingu stole from the long suffering people of the land.Further more,these are the funds you use to rig the last elections.ALuTa
”
Have you seen how Mr. Chigawenga has presented his facts, it is as if he is an agent who helped APM bought the house. Look how he has put his e-mail address just after his comment, to make us all believe that he lives in the US on the same street where APM bought the house-this is the class of disgruntled PP supporters, the liars. This shows that the author of this story either got the information from a bogus US agent or he cooked it. No matter how you employ your tactics you will never trick us. Are you the one who owned the house which APM bought that you can show us the evidence of your lies? Why referring to rocket science? Do you want us to believe in unsupported claims aimed at tarnishing someone because he beat you in the elections by basing your lies to modern science which fails justification before the learned judge? PP keep on crying and we will see whether your antics will bring you glory come 2019. You think your lies will make much campaign for you to win the electorate? We will see!!! We are a different Malawi from Muluzi era we are jack-up; we buy real policies not lies. Don’t you feel ashamed to see countries which were ragging behind us, including the war torn ones, have all moved far much ahead of us? All what you have in mind is easy making of money, that’s why busy popping your nose in someone’s achievements, instead of admiring them, your busy pulling them to level with you. My friends work, work, work! Nothing will not just come on a silver platter, never or else you will die like that busy cooking lies to destroy the hard workers. Truly speaking you people don’t wish Malawi well but yourselves. In every Muthalikas achievements you call them thieves: winning in an election he had rigged, declaring his asset he is a thief, are you sure? So what exactly do you want them to be? Instead of strategizing where you failed you are busy finding errors in everything APM and DPP are doing. The very same tactics didn’t work for you while in government and you are still deploying them. I think mulibe mfundo no wonder busy blowing other peoples untrue stories. You think we listen to your rhetoric, we want performers not the disguised one who bury their really theft acts behind their cloaks and throw exaggerated weight on untrue baseless stories. We want the owner of the house to justify on this not the mind crippled PP die-hards to push us to an unknown destination. Mr. Asset Director if you give in(outside the constitution you’re pro PP).
ANA ONSE AKWANU NDI AGALUNSO NDI AMBUYAKO OMWE MBABVA INU MUZAFA OSADWALA NGATI ANAFERA MBUYE WANU UJA.
Chindere,mbuzi, ya,pulezedenti,
Ine ndikungowelenga ma comment ndili pa kama langa nditayala chitenje cha MCP, pa khomo ndayika chitenje cha PP, pa zenela pali chitenje cha UDF, ndafunda chitenje cha DPP, pillow wa t-shirt ya amuna ndife nkumba
Osagula kapena kumanga yanu? Nyooo. Mulibe kalikonse a phwiti. Pitani mukwatire mulongo wa Paul Mphwiyo kuti mukokele.. A fisi olira huwiiii.
Its not rocket science people it is very easy to get property value anywhere in the developed world. There are similar properties (condos) on this street that are selling for far much less than what APM valued his old condo at $750,000………….. which was bought in 1982. There is no way his property would have depreciated that much in 20 yrs. and it is also not possible to have newer properties selling for far much less than what APM declared as his value for his old condominium. E: http://www.zillow.com/homedetails/250 brentwood-blvd-apt-3E-saint-louis-mo-63105
APM has grossly exaggerated his assets to allow for what he will steal while in office. He doesn’t want to fall into the same trap as his late brother whose assets at the time of his death greatly exceeded what he first declared on taking office.
Is this agent the one who helped APM acquired his house? Is it true that they use agents in the US for one to get a house or is it through the city council? The problem with these online news analysts is that most of them are not qualified journalists and I really doubt their A/O level qualifications. I understand APM submitted his assets to the Director last year, if I’m not mistaking in July on 31st if he was not in his office by then by December he saw the files, was the Assets Director blind then to notify these claimed exaggerations by APM or was he waiting for disgruntled PP supporters to scream? These people always look for a loop hole to start making noise and yet they are the worst leaders once put on the lead by chance. They know pretty sure that no one can vote for them and the best way is to make unnecessary noise, to impeach or kill so that they can forcibly lead. Is it true that Bingu was imposed on us? The truth is we voted for him, the only imposition is JB because we didn’t vote for her and is the worst thief Malawi has ever had-only that she is very corrupt to make her record clean. Just to mention few unexplained transactions: Jet sale, maize in ADMARC, Zomba-BT road was supposed to have two run ways from Limbe to Chiradzulu turn off, capital hill saga etc. You PP supporters are fascinating, you make unreasonable noise and mostly it ended up entangling yourselves. I’ m pretty sure the author of this story and those who are on APM’s neck are doing that out of ignorance and jealous. All what they are relating their stories is the life they are in: e.g. in Malawi for one to find a house has to go through the agents and the houses are not very much expensive and because of this they believe that it is the same else where on the globe. These guys are the expert liars, they can make a majority believe in their lies: To be honest I still don’t believe in their cooked claims that Bingu amassed k61billion in 8 years because the evaluations were championed by JB and PP guru, secondly the one who led the evaluations is from the North and lastly he is related to the owner of Nyasa Times. All these make me not satisfied with their findings and I’m very much sure these guys will face hell one day.
Point of correction, house is an assets. As such it depreciates its values. But the value of the house can be increased through improvements such as expanding it, painting it, general renovations, cheaper iron sheets can be replaced by expensive iron sheets, if it was not ceilinged it can have ceiling, cheaper frames can be replaced by obvious expensive frames and general landscape can also be upgraded and finally do you know that even the value of land correlate with time.Its possible even here in Malawi you can undeveloped today at K200,000 and sell the very same plot in two years at the value of K10,000,000.00 due to time or involvement of auctioneers. This is the reason why value of the buildings and land will never be static even if people stop using mathematics in asset valuations
Absolute bonkers!!! You don’t know real estate!!!
Ndimbamva imeneyo
Kodi agalu inu vuto lanu ndi chani
Bingu’s K61 billion was a deliberate bloat by Yeremia Chihana the valuer in collusion with Ralph Kasambara who was then Minister of Justice and Attorney General, to swindle govt in fees which are rated by percentage of value of property!
Why does Nyasa always tell us Bingu was worth that much?
It is very easy to verify the value of property in the USA or any other developed country, you do not need to work for Interpol to do it.
Ndiye value ya nyumba yakeyo ikukukhudzani bwanji Atumbuka inu? Ngati mwasowa chochita muzingokanda mapwala ndi mbunyani zanuzo. Rest in eternal poverty.
I guess the office of the Director of Public Asserts Declaration is not there to be receiving figures and enstablish the same without verification. I do not think going the guess way is correct. Can someone out there obtain the papers and let us know the overestimation, instead of saying something that sounds like “Houses in Chimwankhunda go reantal at between MK6,000 and MK15,000) Go into the same Chimwankhunda you may find a mansion that goes rental as high as MK300,000.00 a complete misfit in the location. Tell us the actual description of the house please.
This office, does it not have the ability to check bank balances against the declarations? Is it so toothless that even Thom Khanje can do better investigations?
this is hearsay! Are you disputing the price at which he bought the the house or the current estimated price! I thought the value of a house appreciates with time than otherwise? Unless the structure itself is not in good condition the value cannot go down as far as 250 …… Even if it were, how do you factor in the value of the land itself given such a depriciation? And there is this generalisation;; all houses in this area are worth in the region of ……! An objective person would not be so dumb to swallow this hogwash! Save it for the losers and haters who would believe that APM has blue blood running in his veins!
There is no way and no where in the world where a mere lecture or anybody working for the United Nations can accumulate up to US$8 million. The UN secretary general get about $230,000 per annum. The average salary in America is between $30,000-$50,000 per year. Even if that is raised to $80,000 it means to earn $8 million one has to work for more than 150 years. How come did Peter Muthalika who is not even a celebrity has $8 million dollars. Ladies and gentle we hear that K92 billion was stolen under the DPP rule. This could be the money being declared now. I urge that we all take this seriously. We are sick and tired of our taxes being stolen. Look at Joyce Banda. Who is sponsoring her stay in the USA? Don’t even attempt to argue about this. It is theft African leaders and Malawians are known for.
Panopa alibe ndalama zogulira nyumbayo. Ayika value ya $750,000 which is a future value kuti pa nthawi yomwe adzidzagula idzakhala pa $750,000. It’s even doubtful if he has the K4billion. They have created an empty big bag kuti akaba nkuponyamo tidziti zinalimo kale. Thats the evil of Assets declaration, it helps people declare more in readness for the monies they are about to steal.
Lets wait for law to punish those who have inflated or deflated the values of there worth.
This man has inflated the US worth and Deflated the Malawi Worth. How can the Nyambadwe house be at K7million?
TWO CASES TO ANSWER.
Tukula should show us his impartiality and prosecute these public officers for lying to the Nation.
Ife tinamdziwa pachiyambi kuti ngwakuba. Azinamiza inu osaonanu. And not only that, ndi munthu oderera zedi. Amakudererani zedi amalawi munthu ameneyo, that is why ndinachoka kumeko, ndidzabwera pokhapokha Mtundu wonse wachina Mutharika utatha nkufa – ndithu!
galu ameneyu akunama, he doesnt have the house but he is geared kuti abe akagule nyumbayo. ndalama zake zichoka ku MSB sale
It is very easy to cheat a Malawian since the level of illiteracy is very high and grasping of things is very difficult to them.You can even see from their argument, they are not critical and analytical.They will just say that you hate him because he is a Lomwe.So we are not supposed to know the truth lest we are branded tribalist.All these figures are doctored.There is no iota of truth in the figures.They are all exaggerated.Malawi is doomed with this leadership from the crooked backdoor of wamuthatika govt.We should blame ourselves for being so sleepy sometimes.
Manje APM ni kawalala shooi!
Kodi receipt adataya Peter-yo, atulutse receipt ife titsimikize
Gooood! did you know you savgaes that house prices vacilate according to the economy? There is no pleaseing you is there? here is apresident who has declared bis assets and now you cant leave him alone! Banda refused to declare her assts money has gone stolen under her watch watch! surely this is an improvement? Make your own money an leave this poor man alone.
Muntharika never tells the truth. This man never won the elections and he knows it. Mbendera and Muntharika will never have peace.
Poor Malawians, will die poor. I can’t see who is accusing Mutharika in this article, may be the reporter, who has not done a through research before publishing this article. If its true that you have checked the price, have you sourced the document to see if it is true or falls. USA keeps all records and you can find the details, that is if you are doing the right thing . Envy will kill us and the national athem explains its an enemy. Some people still have the Kamuzu Banda mentality, where people could not build better houses except those close to him. If you are true please get the documents and should be authentic to support your lies.
Ine ndi nzeru zanga pang’ono za masamu ndikuona ngati iyi ndi value ya nyumbayi atakhala kuti akufunakuigulitsa .nyumba simachita depreciate amangwetu. Tisataye nthawi tiyeni nafe tiyambe kusunga ndalama tiwone pakutha pa chaka ngati sitingakhale ndi ndalama anthu kumayesa taba. Ambirife tiri ndi kuthekera kosunga koma mmalo mwake ndalama tikuthera kachaso komaso kugulira aids ku chigwiri’ ndiye ndizimenezitu anzathu alemere mtima kuwawa. A vyoto Bingu sanayambepo wachakachika mmene ankabwera kuno ma investments ake anali ku zimbabwe komanso nkhani ili pano ndi ya Peter. Inu ndi akulu anu ndi anthu awiri osiyana pokhapokha ngati muli opusa kuti simungaime panokha. Usiyeni mzimu wake uziusa palibe amafa chifukwa wafuna inunso kufa kukukudikira mwinanso inu mazafa infa yowawa yochititsa manyazi mutadwala kwa zaka zambiri.
Lero sindikufuna ku Commenta
Comment we ought to eradicate jelous among us we need to thank our leaders for their wealth,they got through their sweats we need also to work extra hard for us to be like them
Can anyone also do some research when Peter Mutharika obtained his 4 billion kwacha cash which is in his account. I am suspecting that this money is what Bingu stole and not what Peter made from his savings as he wants us to believe. The US bank must have that information, am sure!
Please Nyasa Times, probe!!!
gold is gold olo mungapake phula boma la alomwe ili munya agalu atumbuka musetela tsong’otho
i think rodgers waloyi, u are stupid & an empty tin. Things are obvious that we have a leader who is a thief here & u call it nsanje & kaduka? i think all thieft stupid suppirters like u should be eliminated, u destroy our country by promoting stupidity. Galu weniweni iwe together with ur so called peter.
The Author of this article is an idiot! Do u mean that the whole area where this house is located has houses of that range? Siunapezeko kwa Mtopwa/Phwetekere kutamangidwa nyumba worthy millions, does it mean that all houses in Mtopwa/Phwetekere area are worthy millions?
After all this law must be revisited. It doesn’t say how that wealth was accummulated and by what means. If it is really proved that house was bought at that value do you query from what source the guy got the money and how and when? Remember there are rumours of the 91bln considing with the purchases of the so said properties. It should not surprise us to belive that he is worth that much as had benifit of his brother’s filthy riches. In actual fairness he has undervalued his wealth. Malawians it is time we wake! Don’t blame JB as she is there in US to be influencing these ugly comments, it may turn out that you may be running away from your own shadows. Why can’t you guys who are commenting in favour of the rot to keep quiet and leave everything to the entrusted people to carry out their work and give us the us the true final findings? You will just burst your tiny brains while those who are concerned are healthly enjoying their coffee. Shame on us who are always gnashing our teeth! Eeh! Mxxii!! Mainee!!
The truth of the matter is peter is a BIG croock….he deliberately exagerated these figures so that after leaving office he shud claim that he already had this wealth……what a shame!!!!
Its an extraordinary indeed.or should i call it absurdity?
Once again,how could this leaders acumelate so much wealth for themselves yet,the public is languishing in dire porverty?
He is a lie and a thief that is why he rigged election so he should steel more money to make himself a billionaire with our tax money
Surprisingly, when IMF appraises APM, there are few comments from the Tobias and Sanibalaths. When an article talks ill of APM, all the Monday coaches and demons pounce on him as demons did when Jesus descended to hell. If you ask JB, she could caution you. She tried one trick and another to find faults against APM but to no avail. At the end, she just made him better known and more popular. Ask Jessie and CSOs. They have tried one jab and counter-jabs but they all got floored. Then you think you can outsmart him this time? Just ask Afrobarometer to do a survey. The question should be, If elections were held tomorrow, whom will you vote for. You will be surprised seeing him pulling a surprise even in the mbwenumbwenuland. If you think Asset Declaration was designed to embarrass APM, you have got it wrong. This man is not your size.
How many people have declared their assets? Ever wondered where one Chakwera, just from the pulpit, got millions? Is the flock that he was reaping from rich? Is this examplary for one who claims to have been man of God?
Malawians, we need not to show our ignorance in public like this. The US housing market is very different and more complicated than the simpleton foolishness that the writer is trying to sell us here. In a market and economy like Malawi, real estate always appreciates in value, but this is not the case in economies that have advanced housing markets. The price or value of housing can drastically reduce and appreciate overnight, that is why you hear terms such as a “housing boom” etc… Please try and read beyond nyasatimes and expand your minds. The world is not Malawi.
Asovenge peter
Comment
dont trust these malawi politicians… they are great liars!
Tukula was not forthright in the introduction of the subject matter . He was clearly asked that how could values of properties be exact in the absence of an independent evaluer . He advised officials could get an estimate . . Here you come warning officials of under and over evaluation of the same . This exercise must recommence with the office of asset Declaration engaging independent evaluation firms to carry out this job .
It seems this was an exercise in failure .
Inu mmati angaulule tchutchu yekhayekha.Ndiye wopepelatu.Kodi inu maloya simunawadziwebe mpakana lero? Komanso mukamuwona APM mmawona ngati moyo wake uli pa Malawi or America? AMalawi ulemu watulo too much.Tidzingobetsa chonchi Malawi nkumasaukabe.Kuvota ndiye chivoterecho.Kodi ndi geni yanji ingachulukitse K150 miliyoni nkutulutsa K62biliyoni pa zaka 8 zokha; geni yake yaziwalo kapena yachamba??
Proverb 19:22. Mulungu achita naye wakubayu.. God isn’t human
where is the mist here? if you have failed to secure the right and proper evidence should it be APM’s fault? umphawi ndi nsanje amalawi. musiyeni nzanu.
You know what, he lied about that so he could easily fill the hole with the money he is meant to steal during his reign. Koma abale.
This is actually an apartment.
Folks, in the US, if one knows a person’s surname, one can google the address. If you know the address, you can google the County. If you know the county, you can google property ownership. All land/property transactions and records are filed with the county. #Musova.
Athu omphuzira zimakhala mbamva bola adyoba anja anaba pang’ono.kkkkkkkkkk
If the house values in the same area are now in 2015 worth about $250,000-300,000. Then in 1982, they were actually far much lower even taking into account the rise and fall of property markets over the years, the boom and bust cycles.
For example the property vAlues in UK which follows closely those of USA peaked in 2007, then crashed heavily but 8 years later in 2015, the property values have mostly recovered to the 2007 value levels.
So it is very Likely that Peter bought his house in 1982 for far much less say around $100,000 or even lower. It can be easily checked what house values were in the area in 1982. Through the boom and bust property cycles over the years, the property is now worth about $250000-300,000 which is a good appreciation in value.
So it is obvious that Peter exaggerated the value of this house. Even with different valuers or appraisers valuing the same property a margin of error allowed is about 10-15%. So $750000 is way above the margin of error of what similar houses in the area are now fetching on the market.
So let us say Peter has been very economical with the truth about his wealth and in particular about this house in USA.
Comment PaMalawi pano nsanje ,kaduka ndimatenda aakulu,wachuma ndi wachuma kayamuyipitse choti ambiri mwainu simungafanane chuma ndi Peter,fweeee,umbuli wakulanso pano paMalawi.
apoint of correction,,peter didnt win the elections. there are three cases waiting for him treason, stealing votes and false declaration.investigations and physical check will reveal everythng
In all honesty, anyone who is justifying Mutharika’s figures is either too loyal to DPP, naive or plain uneducated. Even if Mutharika had been practicing law in US Courts after holding his classroom lectures, he wouldn’t have those monies unless he was a top shot lawyer, the likes of whom we see in the papers. Kuno ndi ku States. Anthu nyumba amakhala moyo wao onse akadalipira mortgage. Kuli misonkho yoopsa kuno, not everyone can just work hard and become a millionaire. He claims he raised 3 children. College tuition imakumba mthumba kuno. Do some travelling before making silly comments in support of APM’s childish declaration. You are embarrassing us. Mukutukwana mwamphamvu but all you’re doing is exposing your stupidity even louder mukamatero. APM LIED! THAT’S THE TRUTH.
Reasonable man, so what would be the motivation for Peter to lie? Can it change anything since value is subjective. There is no absolute value. You say you are staying in US mukutani kumeneko? Kusambisa nkhalamba or kusesa mu nsewu? Come home here anthu tikuchita bwino kuno. You are enslaving yourself there.
Like I already said, APM is not disclosing the wealth he has, he is disclosing the wealth he intends to have akakudyerani timakwacha tanuto. Ndalama ina atadye ndi ija ya AFRICCI. Bushiri is foolish enough to be waving his imaginary AFRICCI money kwa afisi amenewa. Atitafuna ti ndalama timeneto.
Za ziii!! Dont you know a person can buy a house and renovate it?? palibe za nzeru apa. #MightyDPPforlifeanaachepa
Umbava suwutha ku malawi. Aliyense akufuna kulemelerapo basi. Why jesus taking so long to come.
250 S Brentwood Blvd APT 3F, Saint Louis, MO 63105
Last sold: Aug 1999 for $185,000
http://www.zillow.com/homes/250-S-BRENTWOOD-BLVD,-Unit-3F,-SAINT-LOUIS,-MO-63105_rb/
http://www.spokeo.com/MO/Saint-Louis/250-S-Brentwood-Blvd/3F#resident_info_panel_1
http://revenue.stlouisco.com/IAS/
In the USA, usually people use mortgage and almost never buy houses cash!
Two evaluators can not come up with the same figure for the same item under evaluation. Did you consult the evaluator who gave APM figure. Because evaluation of a house has no evaluation equipment like thermometer for temperature, evaluators use some mathematical concepts which may be applied rightly or wrongly. Unfortunately I don’t know if JB did evaluator because Ken Msonda is saying that PP has evaluator in USA, JB. JB is cooking all stories against APM. APM has papers for the house. Even if the house was bought at $250, 000 in 1982. Don’t expect the house to have the same value today. Its value may decrease if APM hasn’t improved it over the year and the value of the house may double or even triple over the years. So foolish Pp members JB inclusive, should not show your foolishness in USA. If JB failed shamefully to the extent of running away from her country to USA, what does she about house evaluation?
EVEN IF APM CHEATED THE VALUE OF THE HOUSE IT DOESN’T MATTER BECAUSE THE VALUE OF THE HOPUSE IN 2019 WILL NOT CHANGE ANYTHING WHEN CALCULATING HIS WEALTH OF THAT TIME. LETS SAY IF HE LIES THAT THE VALUE OF HIS HOUSE IS $750,000 AND IT HAPPENS THAT IN 2019 HE WILL END UP HAVING WEALTH OF $10 MILLION.IF YOU SUBTRACT $ 750,000 FROM $10MILLION THE ANSWER WILL BE THE SAME EVEN IF TODY HE SAYS THE VALUE OF HIS HOUSE IS $100. REMEMBER WHAT MATTERS IS WHAT YOU ADD OR SUBTRACT TO HIS WEALTH FROM VALUE OF HIS HOUSE? ITS JUST GABBAGE IN GABBAGE OUT. MALAWIANS WILL NEVER BE CHEATED.MAY BE HIS MONEY. IF HE HAS DECLARED A HUGE MONEY FROM HIS ACCOUNT IN BILLIONS WHILE HE HAS ONLY IN THOUSANDS.THEN YES HERE MALAWIANS WILL BE CHEATED. BECAUSE HE STEAL OUR MONEY STARTING WITH $18MILLION GIVEN TO US BY IMF.
I DID NOT GO TO SCHOOL AT THE LEVEL OF CHISINGAs poistical( scientist), KALUAs ( economist), KANYONGOLO(Law expert) BUT THIS IS THE LEVEL OF MY COGNITIVE with my primary school certificate education of those days when civics, geography, agriculture, science, health education, chichewa, english, home economics, RE and PE were primary school subjects with MANEB exams in standard five and eight.Those were days of tough school. Thats why I have tried to reason with my fellow Malawians. SO IF THIS PEOPLE OVERVALUE THEIR WEALTH, IT DOES NOT MATTER. BUT DECLARE THE ITEM THAT IS NOT AVAILABLE THEN THERE IS A VERY BIG PROBLEM. I WILL BE VERY HAPPY IF MY REASONING IS READ BY PP MEMBERS INCLUDING JB IN USA.
OVER-EVALUATION WILL JUST MAKE THE PERSON WHO HAS DECLARED HIS WEALTH TO APPEAR SA A RICH PERSON.
BRAVO APM. BRAVO GG. BRAVO IMF. BRAVO DPP. BRAVO MOTHER MALAWI.
akadyela kuti?
Kuba Kumeneko Mulungu amaona. Udzafa ngati mbale wako. Hospitals are at stake no drugs,pple are dying but u want kutisololera ife amalawi osaukafe,uzichita manyazi ndi bodza lakolo munthu big.
So the whole asset declaration bill was aimed at embarrassing the mutharika’s.ok!i see.achewa basi mwapeza nkhani.anyway,tikukuonani.proffessor wa ku washington university not bunda college.the proffessor who displaced the jb’s at the statehouse.the proffessor who has confused the pple of malawi especially the intellectuals coz ife a low class fe tikumumvetsa bwino kwambiri.anyway……….election sequelae.now time is fast moving,he is working and b careful,u wil b cought unawares.thats the magic behind the true proffessors.he cant leave the lofties of usa kumazapanga phada kuno.check their calculations, they are very virulent.kaya!
He is only doing what he is good at he is very good at lying than running the government.
Angosowa chonena awa, anali kuganiza kuti zangaulure chuma chake.
Comment A Nyasatimes munapitako kukafufuza za nyumbayo? Kodi ngati ili 750000 dollars ndiye ikweranso? ‘ndalama zimene ali.nazo zo zachepanso . Inu munya basi.
Conman
Koma kumeneko!
Mungopanga criticise..kodi nyumbayo mudagula ndi inu??..mukamati ku states ko in that neighborhood nyumba zake ndi za 250000USD,kodi kwa manje kulibe nyumba za k10million????..mukati pita wakuba,,akuba chani??..nanga osanena zomwe wabazo bwanji?..a Malawi enanu kuchititsa manyazi..
Chipewa chinavalidwa ndi madam kopenta cell chija nacho pachokha ndi asset chayenera kupangidwa declare
Ife nde tibeledwa ndipo sitinati…..
Munthu wobera mavoti,
anganene zoona?
angalamulire moona?
Tchimo losakhulukidwa nchifukwa chake dziko likukumana ndi minyama. Panopa choopsa china chikubwera
As far as I knw the value of assets is concern the house dat was purchased in 1982 wealth 250 000 USD by now is more dan 750 000 USD so stop pointing a finger on our leader activities coz with such heart in mind we can not proper the bible tells u dat JEALOUSY HEART will neva WIN
Cashgate chapter 2 about to be read!
Big progress from K150 m to K61 b. It was a fast growing economy. Citizen number 1 also grew his personal wealth outside the perks from his job. If you are or were sleeping, do not blame other peoples’ entrepreneurship. If the entrepreneurship was of the cash gate genesis, Lord forget mercy. Temporal justice must prevail. Even Benedict XVI respects temporal justice!
Wakuba ndi ambwiyako agent ukumunenayo ndi ndani?ukananena kuti unakafunsa kwa mwini nyumba yomwe anamugulisa Peter yo nyumba zikhoza kukhala zofana koma nkusiyana mitengo panyapanu anthu a nsanje inu
Do you know that even in area 23 some houses worth 40million kwacha.So first define the way how that city is
Ndiye pamenepa mutani?
WHAT ELSE IS HE LYING ABOUT…..APART FROM LYING HIS WAY TO SANJIKA OFCOURSE,
This liar is a disgrace!…..The Whole World Knows Now!
No issues on the value of the property. If the current market value of the property is around USD300pin, that is after the period of property crunch, do you expect the 1982 value to be less? How much did you lend APM in 1982 to help him buy the house? Its folly to dispute a woman’s claim that she is pregnant as if its you carrying the baby.
Tiyenazoni. This is easter days ndiye kumanama sibwino read the Bible and what happens to those who lied
Osamufufuza Chakwera bwanji?Aulule ndalama zonse ali nazo anazitenga kuti munthu okuti anali mbusa.
The house was bought in 1982 at $300,000 are you trying to tell me kuti nyumba yomwe inagudwa ku Malawi kuno K1,000,000.00 mchaka cha 1982 pano mungaichite estimate chimodzimodzi. Mmalo amene amagilusidwa mchaka cha 2005 pa mtengo wa K200,000.00 lero mutha kuwagula K1,000,000.00 ndiye musamuletse. Ine ndinagula malo chaka cha 2008 pa mtendo wa K150,000 lero malo ofana ndi omwewo dera lomwelo akulowa K700,000.00 so what is your point amphawi. umphawi ndi wachabe.
Please mention the name of the person that assessed the house or provided information about house prices there to be credible.
Please Mr. President dont institionalise lying. The Lord has been merciful to give you that position by grace. Be yourself always. I see you are always with pastors or Bishops. These people are supposed to help you depend on GoD and not your associates without God.
If you want to impress this World very soon it will turn against you. Everyone is looking for their best intersts and please just trust the Lord with what you have. Mukafuna kupanga dzina kuti anthu aziti ophunzira kwambiri, wachuma sizikuthandizani ndithu abwana ndaweya.
If its proven and true that Peter bought the house in 1982 at US$750,000.00 then this guy was a millionnaire in dólar terms long than before many of us commentators were born. In fact it just proves that he indeed has the 8US$MILLION Cash in his account. Hahahaaaaaaaaaaaaaaa, you guys, which estate agente did you use? Ching,ong,aaa, Fred Ted, or who…….., your sick. This guy is rich, with that amount of Money in 1982, he could have bought the entire Area 47 PLUS Area 18.
Akuluuuu, value waika ndi mwini wakeeee, olo anakaika 2 million dollars nyumba ndi yake. Inu munagula Vitz 350$(MK 180,000.00) pa Be Forward koma mukugulitsa US5,000 (mk2,000,000) akubooka nazo mmimba ndaaniii? Asaaaaaahhh. Pitala MSB agule ndi cash alinayoyoooooo. EEEh nsanje yake yooopsyatuuuuu. Agent only expresses opinion, itys a free Market, your Money, your price. Key question…does he own the house? Answer YES! So what, wina idziika ntengo Wake. Inu munyuzi anthu akamagukitsa nyumba mitego ija amaika ndi mwini Wake, A Nyasanu mumaika mitengo yanu???????? MUISOVA
Iwenso ndiye mbuli basi. Zoti Nyumba simapanga depreciation ngati galimoto sumadziwa? Komanso zoti mphamvu ya ndalama imasinthasintha sudziwa? Bwanji osafunsa ma documents amene anagulira bwanji? zopusa tatopa nazo. nsanje ikutilepheretsa kutukuka.
wat do u expect after all he is a politician. Was really surprised to see the praise he got from some quarters. Dont forget that this z the same guy who has failed to initiate the 92 billion kwacha scandal by his brothers admin. A certain lady initiated the investigation of her own government’s scandal. Well am not a politician. Am only a historian.
Why cant you go find a registered valuer in US to value the house and give us your value. Inu ngati mukulephera ndi nyumba ya mu Nkolokosa or Zingwangwa ndiye mukuona ngati anzanu sangagule ya $1,000,000. Poor Malawians!!!
Comment Ine sindikuonapo bvuto, iyeyo wanena kuti anagula ndalama zimenezo kwa inuyo ndiye akupepha kuti mumubwenzere ndalama anagulirayo? Nkhani ndi yakuti nyumbayo alinayo kapena alibe? Bvuto ndi negative attitude yomwe mulinaye munthuyu.
Ladies and gentlemen, am not coming to the defense of the President on this matter of vaulation of his house in the United States, but to offer some facts about the evolution of the Housing Market in the U.S.A in recent years.
Some of you may recall the Financial Crisis that enveloped developed countries in the 1990s and early 2000s. This crisis did not only affect the Financial Sector, but many other sectors, such as the Construction Industry, Manufacturing sector, the Auto Industry, the Export sector as well as the Housing Market.
Prior to this development, the Housing Sector was extremely buoyant and housing prices were very high. Accordingly , it is possible to have bought that house at the price of USS$ 700,000. The financial crisis was followed by a catastrophic collapse of the Housing Market and many people lost their houses, as banks and housing financial institutions repurchased homes and business premises. Under these conditions it is possible the the same houses that went for US$ 700.000 in 1982 could be going for US$ 250,000-3000,000,
Under the Stimulus Programme, the U.S.A Government pumped in a lot of money in order to stabilize the Housing Market and save peoples homes.
it is important to understand markets, if we are to inform Malawians correctly. But it is also essential that those making declarations are accurate in their statements. It is important that we stem the rooting of our national resources.
Eeee, koma Pitala ndi kawawa, mpaka kugula nyumba 1982 valued at US$300,000? Eeeehh i think 8million dollars ija wachepetsaaa, munthuyu ali nchithumbaaaaa.
A Nyasa makape, mumafuna valuer akhale Yeremia Chihana?????
Ngati peter anakwanisa kugula nyumba 1982 pamtengo mwanenawo chifukwa 1982 president anali kamuzu banda simunganame kuti Bingu anaba ndalama kumpasa peter kuti agule nyumba 1982 ku USA chichewa chomveka bwino ku ameleka ndiye pofika 2007 imene anapuma angakhale ndizingati? ,chifukwa zikowoneka ngati chilichonse wa gula wagula peter ndi chakuba ndiye 1982 anam’bela ndani?
ONLY THE USUAL FOOLS CAN BELIEVE WHAT SOME OF THESE POLITICIANS HAVE DECLARED CONSIDERING THAT JUST IN 2004 BAKILI MULUZI ANACHITA KUMUTOLA LATE BINGU ATAYAMBA KUCHAKACHIKA MU AREA 47 UMU NDI BUSINESS YA KA MINIBUS KAMOZI NDITHU.NDE MWATI MCHIMWENE WAKEYU ANALI BILLIONAIRE?????POTI NTHAWI YIMENEYO TIMANVA NDI ANZATHU A UDFWA KUTI TCHEYA AMACHITA KUMUTAPISA BINGU TINDALAMA TOKAGULIRA MA SUIT A CAMPAIGN.IF ANYONE DOES NOT AGREE, ASK BAKILI MULUZI.
ONE BIGGEST PROBLEM WITH MALAWIAN POLITICIANS IS THAT THEY THINK THE 14 MILLION OF US ALL ARE FOOLS?
Amalawi jelase.Boma iloooooo
declaration gate . this old moron things are endless
Is it the present value of the house or what amount he bought at? Please eduquate me
Tiuzeni figure yeni yeni mungoti lero mwaika ina mawa ina ,tiuzeni zona zokha zokha osadana ndimunthu ayi nenani zona
Anthu osauka inu! ! Hamuzatukuka ataa, muzindongonda choncho, anzanu nkumalemera! !
Uuuuhm comment reserved
Whether President Muthalika is lying or not, there is nothing we Malawians can do since he is supported by lomwes. Lomwes don’t care whether Muthalika make blunders, or he can steal they will always support him. Malawians now you know these people.
Unreasonable and probably naive to think that APM has the support of only aLhomwe. He won the elections based on a tribal rainbow vote. Nothing less.
It sickens when one is in diaspora facing the odeal of life and one is semantically insenuating that it is not possible to achieve. He bought this house with his hard earned money period. Whether chiumia and his bonekos (dols) at Nyasa times whats or not the fact remains the old gentleman is a landlord in the states
There was a huge housing price bubble bust in 2011 in the US causing serious loss of value in prices! So this is very conceivable. House prices fluctuate in the US depending on socioeconomic factors regarding the location eg jobs and relative security and number of blacks etc. If too many poor people move in a neighborhood prices seriously drop! Having said that that house in Missouri really must be a clossal mansion be coz Missouri has the cheapest housing prices in the US. It is very rural and backward.
Choka nawe iwe tsono fluctuation take ndiye imakhala that wide? Kuti from $700k down to $300k. Ndiye zomwe zinali $300k zinali pa $1000? Akawalala inu playing the devils advocate!
So, here is our president sitting on billions of kwachas- Malawi has no drugs in hospitals, flood victims are helpless and our caring leader cannot assist his countrymen or pay for his wife’s launch of her charity! Herewith a caring leader who would rather beg than part with a coin to save his poverty stricken people! He would rather be president of a dead nation as long as he keeps his money! The irony!
So, here is our president sitting on billions of kwachas- Malawi has no drugs in hospitals, flood victims are helpless and our caring leader cannot assist his countrymen or pay for his wife’s launch of her charity! Herwith a caring leader who would rather beg than part with a coin. He would rather be president of a dead nation as long as he keeps his money! The irony!
Everything about Peter Mutharika and even his late brother is not straight. If Malawians can dig deeper they will be suprised what a lie they have been feed by these machona who came from nowhere. And where were they when Chihana and the Bakilis w fought for Multiparty. Here are crooks eating masuku on our heads. As for ka Ben Phiri, in 2007 he was working in homes for old people in UK, seven years later he is a multimillionaire with properties in area 43. When will Malawian cry for justice
Atumbuka mungalembe zabwino za pro ,mukhala choncho nsanje basiiiiiiii inu chikukukhuzani ndi chani,ngakhale zovala mwavalazo ife mtengo wake tingauziwe ,shop ina itha kugulisa mtengo wina inanso mtengo wina.ngati mwasowa zolemba osamalemba zabwino zomwe wakuchitirani weekend kwanu,awo mumawasapotawo analamula 31yrs olo university imodzi kukumangirani ,kupanda bakili wa kumwera kusandusa mzuni lero region yonse ili yopanda university.wabwera APM waika mwala wamaziko olo kulemba anthu a osayamika inu kumangowona zolakwika zokhazokha
Chidada Chinkhungu ichi
Ichidi nchakuba chi criminal first class. Kunama so that akamaba should compensate those deliberate created discrepancies. All this madness of post one party state, I blame on MULUZI, first CLASS THIEF AND A PERFECT FOOL. WHY?
1. He imposed Bingu on us and later on Bingu picked Joyce Banda who failed to jail this criminal Peter Graffiti Mutharika. Anafuna kulanda boma mwaupandu after Daniel Phiri dropped dead. Mpaka kumunthyola nthiti and changing date of death and changing names in an attempt to usurp power from sitting vice president
2. MULUZI brought in ulesi ndi umbava ndi kusanena chilungamo. Peter Mutharika is a graduate of this school
Agent mukunenayo mwampanga contact? iyeyo 1982 anali alipo? chuma cha mwini muli nacho kakaka bwanji? chanu nanga? Mpaka ku USA kukafufuza za chuma kuti mumpezere zifukwa basi? mxi
Wayesa ku developed world they record data on toilet tissues which end up in pit latrines. Mind you information or recorded data is there even from 1600.
Koma kuasaphunzila ndi matenda. Ku america amakhala ndi ndondomekozoffuzila. Ndiponso ma records amapezeka kuchoela chaka cha 1776. Si zanuzi zoti ma file adzanadzanali ku sowesedwa ku court
Wakuba ameneyo
Why doubt his ability to have USD8m if in 1982 he was able to buy a house at the price of USD300000 as you put it? Muzafa imfa yowawa!!!
Morgage, a lecture like him from small colleges cannot afford to buy a house of such amount straight cash in USA just like many folks there its mogadge.
That’s the thing. The houses are $300,000 now not in 1982. He has declared his houses in Malawi at purchase price not current appraised value and he goes onto declare the US omwe at an exaggerated Current Value. Sad.
Not surprising at all