Mpinganjira clears the air, ‘I don’t want politics’:  FDH  boss denies he will succeed Mutharika

Business mogul Thomson Mpinganjira has dismissed assertions that his FDH Bank funds the ruling Democratic Progressive Party (DPP) and that he wants to succeed President Peter Mutharika in 2024.

Thom Mpingajira: The false allegations of succeeding Mutharika, mutipwetekesa

Addressing a news s conference in Blantyre  on Tuesday, Mpinganjira, who is Chief executive Officer for FDH Financial Holdings, parent company for FDH Bank and other subsidiaries, said he has never been involved in politics and hold no ambition to join politics.

“I, Dr. Thomson Mpinganjira has never been involved in politics and hold no ambition to join politics,” emphansised Mpinganjira.

He said in recent weeks there have been malicious allegations against him personally and FDH bank that he funds the ruling DPP.

“This allegation is false and malicious and simply aims at tarnishing my image and the image of the business of FDH Bank.

“ The facts are clear that I am not involved in politics and I do not fund the Democratic Progressive Party (DPP).  As a matter of fact, I have no plans to do that in future,” said Mpinganjira.

He also clarified on the government cheque of K4 billion paying the Chief Elections Officer just a few days before the May 21 elections.

“As was clarified by MEC, the funds (money) were transferred to cater for the various payments MEC makes to suppliers supporting the elections. Indeed, some media houses were also paid from the same account.”

“The name of the operating account is ‘Chief Elections Officer’(MEC), and this is normal for some Government Agencies and it was authorized by the Treasury in the Ministry of Finance.Please note that this account was opened during the time of Malawi Savings Bank (MSB) and FDH Bank just inherited it.  The operating account fully complies with all the legal requirements for operating a bank account in Malawi,” clarified Mpinganjira.

He also denied allegations that FDH Bank gets the ‘lion’s’ share of government business saying, to the contrary, FDH handles the least number of government businesses amongst the top five banks in the country.

“The fact of the matter is that amongst the top 5 banks, FDH Bank has the lowest Government business and this you can verify with the Accountant General.  Also from a risk management point of view, Government cannot keep all its accounts with one bank or give all the business to one bank as no one bank has capacity to handle a huge volume of Government business,” said the business tycoon.

He also rubbished reports that he plans to succeed president Mutharika in 2024.

“All my life I have run a business and I intend to continue and even after my retirement, I plan to play an advisory role to FDH businesses as well as get more involved with the local and religious communities through philanthropic activities. Therefore, there is absolutely no truth in this issue,” explained Mpinganjira.

On the future of the bank, Mpinganjira said FDH Financial Holdings group has ambitious plans to make sure that they reach every corner of the country to make banking accessible to all Malawians and beyond the borders in the next three years.

“This is the reason, while others are closing branches due to costs, we are expanding to drive financial inclusion. We may not make profit in these areas, but our brothers and sisters deserve banking services,” said Mpinganjira.

He then announced that FDH Bank is planning to List on the Malawi Stock Exchange to sell shares in the Bank to ordinary Malawians by 30 June 2020.

“In simple terms this will enable Malawians to own this Bank. Kindly therefore inform all Malawians to start saving for that great investment opportunity.”

“My appeal is that let us love our country and ourselves and build a better Malawi together. Let us spend our time encouraging and assisting more Malawians to get into serious sustainable investments that last into future generations,” said Mpinganjira.

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RANGO
RANGO
1 year ago

A Mpinganjila mwati mukuopa kuphedwa ndi anthu a Dpp??? Kusonyeza kuti ku chipani cha Dpp kwadzadza anthu okhupha eti??? Okhey tamva nawooooo

Eduardo, Provincia de Niassa
Eduardo, Provincia de Niassa
1 year ago

Enjoy your wealth bwana Thom. You sweated for this wealth and ansanje asiyeni adzilira ndi umphawi.

Njolo mpilu
Njolo mpilu
1 year ago

Atigoneke nalo bodza. Zinacita iowa ku MSB bwa? A malawi kutengeka ngati nkodzo wa mwana. Tikangova ali ndi ma degree 8 basi ndi bwana wankulu timupatse mpando. Ndi izi lelo.
Ndipsi iyi.kuyamika wa moti

Mathanyula
Mathanyula
1 year ago

Mwati akuopa ndani????

RANGO
RANGO
1 year ago
Reply to  Mathanyula

Akuti akuopa a Dausi angawaphe hahaaaaa

Botolo
Botolo
1 year ago

Thank you for letting us know you are planning on running for president in the next election.

Nambewe
Nambewe
1 year ago

All those people who accused Ansah of pocketing 4 billion need to apologise unreservedly to her. Apologise as publicly as you accused her of something she never did! Shame on you people who just enjoy torturing each other!!!

Njolo mpilu
Njolo mpilu
1 year ago

Mpinganjila is over qualified?
Mwaiin CV ya pitala ma page 10 in his life abroad.
Kwathu kuno only 10 yrs.kkkkk

Keen Observer
Keen Observer
1 year ago

In politics there is no smoke without fire.

ndadabwa
1 year ago

Thom Mpinganjira. you know how wicked you are deep down your heart. God is not happy with your rotten behaviour

mwenewamwene
mwenewamwene
1 year ago

This gentleman knows how government money released from treasury up to the last beneficiary .
why did he get injunction if his hands are clean.

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