Mutharika defends sole signatory of DPP bank account: Analysts hail K145m payback

President Peter Mutharika has commented on his decision to be the sole signatory to a bank account of   the ruling Democratic Progressive Party (DPP) which has been frozen following a court order, Mutharika said there was nothing unusual.

President Peter Mutharika: Nothing unsual

The bank account has been frozen following the K145 million deposited by Pioneer Investment Limited and  Anti Corruption Bureau ( ACB) investigation report showed that PI Limited made an abortive interest claim of K466 million and deposited the controversial money into the DPP bank account at Standard Bank.

But in a pre-recorded program to be aired on State-controlled Malawi Broadcasting Corporation (MBC), Mutharika said: “Go to any organization, even private companies in Malawi, you will find that the head of the company is the sole signatory of the company bank account.”

However, some business captains differed with Mutharika, saying there is corporate governance which forces companies and organisations to have at least three bank account signatories to avoid theft of money and secrecy.

Others, however, argue that there must be a clear objective or set of objectives that the sole signatory model will serve the organisation either efficiently or effectively.

The DPP has since announced its intention to refund the ‘donation’.

DPP spokesperson Nicholas Dausi said the party felt it right to have the money returned because of what he called a “public misunderstanding”.

He said: “In the interest of transparency, the account was opened to save funds for purchasing the party’s regional headquarters. All payments from this account were made to purchase the party headquarters and meet other party expenses. No money went to the President personally or any other official of the party.”

Dausi, who is also Minister of Information and Communications Technology, said the DPP wants the ACB to proceed with its investigations into the transaction at Malawi Police Service (MPS) headquarters.

A political scientist from University of Malawi’s Chancellor College, Mustapha Hussein, observed that

DPP has scored a political point over those who were trying to create a mountain over the matter.

“By returning the donation, DPP has proven its integrity and sound moral standing as we move towards the elections. The development will no doubt boost the popularity of the party and improve its image,” said Hussein.

“The party has demonstrated maturity to rise above criticisms and return the money to the done. This is what leaders who champion integrity must do,” he added.

Renowned media practitioner Peter Jegwa Kumwenda also hailed the DPP’s payback action.

“In the history of this country, we have never had any political party that returning a donation. This development (DPP’s returning of the money) is therefore commendable.”

PI Limited deposited the funds in the DPP account immediately after getting a K2.7 billion payment for an MPS food rations contract.

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GRM
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GRM

Kkkkk kkkkk. What political scientists are these? Bringing shame to the universities they belong.

#DzukaniAmalawi
Guest
#DzukaniAmalawi

Uyu ndiye talks a naye. Not only is he unable to take Malawi to greater from abject poverty but also is unable to explain machinjunjunju the K145m deposit in a convincing manner. Even a Standard 6 pupil is able to poke holes into his conflated story. Mutu siukukoka

diso
Guest
diso

za ziii kuba ndi kuba kodi avomele bwanji??????????????????????????????????????????

Hora
Guest
Hora

Much as it is appreciated that the money is to be returned to the supposed donor,what guarantee do you have that indeed it will be returned,these guys goofed up by depositing /transferring the cash instead of just delivering cash,am sure this time they will just get cash,the return money press conference is just a face saver.

Charlie Hebdo
Guest
Charlie Hebdo

Mr Dausi, dont lie to us that DPP decided to have only APM as signatory in the interest of transparency. On the contrary it promoted secrecy on financial dealings of the president. If the objective was transparency, how come the Secretary General of your party did not know of its existence, how come state house denied its existence when first queried about the account. DPP as a party only came in to save the president and that makes the party an accessory to theft. Some people are so naive to think the account belong to the party. In all honesty,… Read more »

VYOTO
Guest
VYOTO

Once a thief always a thief, if we are to audit the source of the returned money,undoubtedly, we will discover that it is equally stollen money.DPP cannot be trusted any more.Asungunula za 3 million litres diesel ya ESCOM a pumbwawa!

Tsamba Likagwa
Guest
Tsamba Likagwa

I wonder whether all political parties are clean as they want us to believe. By the way is there any party that does not get donations from well wishers? Do we all know the source of those donations. Bwinotu bwino. osamalakhulitsa mugulu muno.

Ndiye balibe chimene walakwitsa professor Hussein. He is entitled to his opinion. Remember Freedom of speech. Inunso pelekani maganizo anu osati kutukwana apa.

Nkhani yakula apa ndiyoti anthu akuiopa DPP . So they are bent on distroying the party. Koma zithekaaa? ndiye funso.

Chilungamo
Guest
Chilungamo

Kodi ‘DONATION’ amapanga atangolandira ma kobiri a ucrook? Sanapatsane asanabe ndalama za mitsonkho ya a Malawi bwa?
Sono ma controlling officers onse akayamba kulandira ma kickback a chonchi dziko likhalapo? Munamvako scandal ya chonchi kupangidwa ndi president wolamura chibadwileni moyo wanu?
Koma umbava ochititsa manyazi ndithu.
SHAME!!!

mesimadzi
Guest
mesimadzi

Congratulations DPP for being morally upright others failed to show remorse for illegal water connection at their party headquarters in Lilongwe. Others up to now are failing to disclose the source of their funds for their obscenely expensive house project at maula despite being as poor as a church mouse before joining politics,

Chriss
Guest
Chriss

The photo used here like Mugabe…. kkk

Mbava zibweza K145 mililion Party
Guest

We have educated fools and thugs lis this Saddam Hussein defending dpp. There’s no integrity in theft and it doesn’t matter whether or not the stolen property is returned. The best was to return the money immediately it was deposited. Who gave Zameer the account number. It was Alamu Pumbwa Mwakula himself. Don’t take us for a pumbwa ride APM and Saddam Hussein

Manyozo
Guest
Manyozo

hahaha who gave the account number nor how karim came to know the account number is not an issue. if your intention is to get donations you publicise how people can give you donations,likewise, if you want to give donations you get to know how you can make the donation

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