Mutharika’s declared wealth made known

The assets President Peter Mutharika declared to the Office of Director of Public Officers’ Declarations in as part of efforts to promote transparency and curb corruption in the country has been made public after private Zodiak Broadcasting Service revealed the contents.

President Mutharika: Declared assets known

President Mutharika: Declared assets known

After obtaining the declaration document, Zodiak publicised that Mutharika has over US $8 millions in two bank accounts in Unites States where he lived and worked as a law lecture.

The President’s declaration also says Mutharika gas about MK70,000,000.00 in a Standard Bank account at City Centre.

According to a declaration made on 31st July 2014, his savings account number 290167363 at Commerce Bank 800 Forsyth Blod (USA) holds U$250,000.00 whereas his retirement account with TIAA also in USA holds U$8.2million and Standard Bank Malawi has MK63,976,490.00.

He declared a fleet of nine vehicles priced at betweenMK32,000,000 and U$25,000.00 all being used but said to have been bought between 2001 and 2014 using pension funds.

According to Mutharika, he has a Toyota Land Cruiser registration number TO 6307, valued at MK40,000,000, a Mercedez Benz in USA valued at$25,000.00 bought in2001, a BMW reg. BR160 valued at 73,000,000, a Suzuki Vitara reg. BR2677MK51,000,000, a KIA reg LL1359 MK37,000,000, Nissan Pick Up BP8089MK35,000,000, Motor Home reg. BQ 4576 MK121,000,000, a Land Rover reg. TO5606 MK38,000,000 and an Artego-Benz TO 3847 MK32,000,000.

He declared public ownership of a house in Area 10 on 457 Ulemu drive since 2008 from his salary and savings but whose value was not indicated, another house number NY 453 in Nyambadwe valued at MK7,000,000 and a third declared bought in 1982 at U$750,000 on 81st Louis MO63105 in 250 Brentwood from his US salary
savings.

 

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Afana
Guest

That declaration makes my heart to have many questions,by the way why is malawi taken as one of the countries undergoing financial crisis yet we have a leader who has prenty of monies.In other words why is the govt losing alot of money(money from poor tax payer)paying the leader evry month &mutual allowances jst to mention afew,yet teachers are struggling with life,bcoz of little payment they get

Mtola Kamdonyo
Guest
Mtola Kamdonyo

i dont know how much he accumulated from pension

mdabwii
Guest
mdabwii

Getu watola ndalams

Mtumbuka wa Nsanje
Guest
Mtumbuka wa Nsanje

Chuma chosenchi akachidyera kuti? Tandifunsireni kunyumba ya mikangoko!!!!

CONGO MAFIA
Guest

After the death of Daniel Phiri bags of forex were recovered from Kamuzu palace after tips that Peter was taking properties from the palace and took it to his residence. The Joyce government indeed recovered the remaining bags containing nearly K4 billion. No one knows what happened to that money. It is not surprising if today Peter is worth more than K2 billion. That declaration is archifake. No iota of truth in it. Do your research on google or go to American library in Lilongwe. No retired professor, a non-native american Niger for that matter, has never accumulated such weath.… Read more »

Me
Guest

Ok

nyasi mmaso
Guest
nyasi mmaso

Ine ndımafuna kunva za nyumba ya house gate. Ilı ku area 10 zınazo ndılıbe nazo ntchıto. The declaratıon to me ıs of no use ıf some of the ınformatıon ıs mıssıng and that they were no ınvastıgatıon on the same.

Keen Observer
Guest

Kkkkkkkkkkkk Dr Hastings Kamuzu Banda anati kuphunzira simukalasi mokha koma kuyendanso is part of education so when we are born in our beautiful country Malawi, grow up just in Malawi though we are University graduates but we lack knowledge. Our forefathers put it as well in our National Athem that our enemies are disease, hunger & envy kapena kuti nsanje mwachindunji. So that enemy grew up & made roots in our midst. Malawi will take centuries to change or to develope cos of this nsanje that’s our biggest problem at all levels of life. The guy has declaired his wealth… Read more »

khamani!!
Guest
khamani!!

Iweyo ndi amene sunayende . First of all there is a maximum the employer will match you . Second on that TIAA holds individual annuity accounts which allow individual investments to accounts and therefore allow for corrupt money to enter the main stream financial system. YOU KNOW NOTHING ! please don’t tell me Malawi wasted a university education on YOU !!

Nyani wa ku Mwananyani
Guest
Nyani wa ku Mwananyani

Please if you are ignorant about strategies for wealth accumulation, especially in the “dog-eat-dog” world of the extreme capitalist countries like the USA, DO NOT comment . Otherwise you are just showing your ignorance or jealous or both: perhaps because you never achieved financial independence even if you lived in such a country for many years.
Shame!
APM ndi mphongo; ndi wochenjera (APM is a smart cookie).

zomvetsachisoni
Guest

Manyasa osayamika koma mzanu kumunena basi, sipaja ena anakana kuchita declare koma osanenedwa.

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