Mutharika ‘s billions corrected: Owns K840m not K3.4bn

After receiving a barrage of criticism on President Peter Mutharika’s his wealth, the Office of the Director of public Officers Declaration has corrected an amount which was indicated that Mutharika holds in a bank in the United States of America (USA) from $8 million (around K3.4 billion) to now $2 million (around K840 million) and not in the foreign account.

President Peter Mutharika : Bank balance corrected

President Peter Mutharika : Bank balance corrected

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.

Assets director Christopher Tukula said he was approached by State House officers sent by Mutharika to query the figure which was made public in the assets documents, and that he called for original documents which the President submitted and agreed that the handwriting was ambiguous, hence officers ended up entering a wrong figure.

“When we checked the original record submitted, we agreed the handwriting was equivocal, but the figure was indeed $2 million. So the figure we have corrected is the one in our system, which we released to people or organisations, that accessed the declaration,” said Tukula.

A legal expert and human rights activist, Justin Dzonzi, said there would be nothing wrong with correcting a genuine mistake as long as the correction ties with the actual bank statement.

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.

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.

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Mchefya Yamzake
C Tukula a brother of G Tukula a senior Nation Editor critical of DPP and Muthalikas. Without any doubt this guy too comes either from the north or Kasungu North. Why then giving us uncorrected documents prematurely? Did you want to test our thinking or you were playing hide and seek in order to enjoy first the first citizen being intimidated by your kinsmen? It seems you’re inexperienced and this position is too big for you. Resign please to give room to the experienced. It seems the spirits of the selfish and greedy disgruntled opposition supporters will now rest as… Read more »
Boko Good

Does the American Government know that this guy has such investments in their country?Does he pay tax? With such lies he could be evading tax there. Malawians will one day end up paying taxes for him in America. Watchout!!


Even his late brother Bingu assented to a bill which in the end apologized to the public that he did not read it.
Like brother like brother kkkkkkk


Big idiot he do know math ask MADALA godwel wamusambizhe

is it true that the whole state president of malawi can submit a hand written declaration of his wealth without traceable supporting documents ? what is the whole purpose of this office? how are they identifying the credibility of the information they are receiving from these polititicians?two schools of thoughts from a corrupt mind in this regard: (1) aperson may declare what he does not have to show it later on after he has stolen.(2} a person may declare something hehas just stolen. Efforts must be made by the responsible office to know when and how the worth was accumulated… Read more »

So just as we cannot speak, we cannot wrote too.


hope Malawian accountant dont differiant between $ nd 8 they think $ is 8 shame 2 mi homeland

Che mdala



Kodi amachita kumulembera eti? Iyeyo sadziwa kulemba. Alibe laptop, paja BBC eti? Born Before Computer!!


How does $8.2 million change to $2 million, a Professor? If $ was meant to be 8 then we have 88.2 million without currency symbol. Bodza basi

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