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.
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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A Mpinganjila mwati mukuopa kuphedwa ndi anthu a Dpp??? Kusonyeza kuti ku chipani cha Dpp kwadzadza anthu okhupha eti??? Okhey tamva nawooooo
Enjoy your wealth bwana Thom. You sweated for this wealth and ansanje asiyeni adzilira ndi umphawi.
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
Mwati akuopa ndani????
Akuti akuopa a Dausi angawaphe hahaaaaa
Thank you for letting us know you are planning on running for president in the next election.
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!!!
Mpinganjila is over qualified?
Mwaiin CV ya pitala ma page 10 in his life abroad.
Kwathu kuno only 10 yrs.kkkkk
In politics there is no smoke without fire.
Thom Mpinganjira. you know how wicked you are deep down your heart. God is not happy with your rotten behaviour
This gentleman knows how government money released from treasury up to the last beneficiary .
why did he get injunction if his hands are clean.
Ago, tamva. But don’t forget. Ukakwatira ku mphenzi osaopa kung’anima.
Well said Dr. Mpinganjira. It was good you came out to clear misunderstandings most of us had about your connection with government. If indeed what you have outlined is your thinking about Malawians, then you are an icon deserving support in building better Malawi. It is not only in politics, that this can be done. After all, most politicians join in order to enrich themselves or they have no other jobs or businesses. Alike some business tycoons get the riches at the expense of poor Malawians. Politics may look attractive but not good for someone who has good business plans like you. I hope you are being honest. May God bless you.
Just do a ‘STEALING ANALYSIS ‘ and the outcome will show you. MSB!?
I was there during Dr Mpinganjira’ s wife funeral ceremony. A dpp anathokoza Mrs mpinganjira polandira bwino anthu a dpp omwe amapanga misonkhano kunyumbako. Munalola a dpp kupanga misonkhano kunyumba kwanu bwanji musali a dpp.
IT SEEMS THIS MAN IS NOT AT PEACE. HOPEFULLY HE HAD A HAND IN TIPP-EX ELECTIONS AND HE KNOWS THAT HIS DAYS ARE NUMBERED FOR THE CAT TO BE OUT OF THE BAG. THEREFORE, HE IS NOT SURE OF WHAT WILL HAPPEN TO HIM NEXT. PLEASE KEEP ON WATCHING HIM AS TIPP-EX ELECTIONS DRAMA CONTINUES TO UNFOLD.
zalowa nsanje amalawi! musiyeni munthu to reap from his hardwork.
Zoonadi! Malawians nsanje too much.
A Mpinganjira akufuna kuitanidwa katatu kuti avomere kuzaimilira DPP pauprezident 2024. Tikuitanani katsala kawiri!
I quite agree with your mentioned and unmentioned observations. Malawi politics is full of salvages who will go all the way to tarnish you as person and your businesses. But it is people like you who can change that. Take the bull by its horns and save Mother Malawi from the crooked politicians who want the throne at any cost, be it killing, maiming, burning, looting, damaging and bringing general disorder in this country.
The fact that you are very rich shouldn’t be a good reason not indulge in politics. Before becoming USA president Donald Trump had almost everything USA Presidents use as a symbol of authority, his own versions of the official car the Beast and Boeing 747 Trump Force 1 living in his apartment on top of his magnificent multi storey Trump Tower with his former beauty queen wife, but his story would not have that punch without becoming president.
Set the trend, die a little for your country, jump into the muddy waters of Malawi politics and i am certain you will clean it and swim out a hero!
Mr Mpinganjira, you are more than qualified to succeed Mutharika. You are a very HUMBLE and HARDWORKING man. I first saw you when you were jogging and another day walking with your wife in Naperi. I was shocked when someone told me ‘that’s Mr Mpinganjira – FDH’s big man.’ Malawi could benefit from you becoming president.
It’s Dr not Mr
Too late!!!!!!!!!
Well said Dr Mpinganjira! Your statements are factual
How does a bank cone to know the use of money which a customer has kept in his account? How? Mwina ndine mbuli open my eyes please
Research on money laundering laws and regulations, why they were created and its benefits. And also how banks and enforcement agencies i.e Financial Intel Agencies trace money for terrorism funding activities, crime among other things, not only will you self-education but also have a slight idea how shit works in the globe and self answers to questions. No one will open your eyes for you only yourself! Time to Wake up
Nooooo lets clear the current MESS or see wjat tp do now then tiyambe za 2024.
Dont confuse malawians ndi mbwerekete nkhani zopanda mitu..poti ali ku banj nde kuombera mmanja????? CV ya 10 pages ya piyala ija and mbwelekete alipoyu!!!!!
PLS COME UP WITH TANGIBLE STORIES AND NOT DIVERT ISSIES APA.MXIIIIIIÌ IDIOTS