Reserve Bank of Malawi audit Czar sent on forced leave

Reserve Bank of Malawi (RBM) head of Internal Audit Department clement Chinkono has been sent on forced leave while the forensic audit is underway at the financial institution including the probe on K340 million feared to have been stolen by one of the central bank’s managers.

The Reserve Bank of Malawi

Chimkono confirmed he has been sent on forced leave.

“I can confirm I was asked to proceed on leave,” he said.

Sources at the RBM said embezzlement and fraud have hit  the central bank in recent years, pointing to worsening of the vice.

RBM fiscal operations manager Charles Mchakulu  has been under investigation over the missing of K340 million.

The fraud was discovered through a system of surveillance of transactions in the banking system.

The suspected employee had been making unsupported transfers from a government ORT [other recurrent transactions] account to a stationery supplier, Ideal Stationery.

And RBM is now reviewing several operational and administrative policies as the Office of President and Cabinet (OPC) and the financial institution are tussling with former RBM governor Dalitso Kabambe over K1 billion claim as terminal benefits and breach of contract following his removal by President Lazarus Chakwera  in July 2020.

Kabambe, who was appointed to head the central bank by former president Peter Mutharika in April 2017, filed a K1 billion claim as terminal benefits and breach of contract. He had nine months and 16 days remaining on his RBM contract at the time he was replaced with Wilson Banda.

Attorney General  (AG)Chikosa Silungwe, whose office provided a legal opinion on the matter to the OPC, said government will reject the claim and  if it goes to court, “the lawsuit will be defended.”

Government argues that Kabambe was appointed RBM governor on secondment from mainstream civil service where he worked at OPC; hence, he is not entitled to the payout.

The government contends that Kabambe will have to resume his civil service career following desecondment from RBM.

But Kabambe, who was last week inducted into frontline politics as a member of the former governing Democratic Progressive Party (DPP), said in a television interview with privately-owned Zodiak Broadcasting Station last week that he would not go back to the OPC, hinting the move was political.

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Mdala
Mdala
6 months ago

Mukuphatikiza nkhanitu… Zafikanso bwanji Kwa DK??

Noxy
6 months ago

Ma cadet sizocheza azingozunguza bomali mpaka ligwa.

Mtumbuka kununkha
6 months ago

Ku reserve bank anthu anayamba kale kale kuba ndalama eg Charles Ulaya mbava yeniyeni he steals money kumakapangila gym competitions. The point is akaba mtumbuka, it is not an issue koma akaba Mlomwe eish noise. Auditors are useless too.

China
China
6 months ago

Chimkono cadet mkazi wake amangodyedwa ndi ma cadet a Dpp amu Zomba

Nyakwawa A
Nyakwawa A
6 months ago

Chimkono is cadet 150% including his wife who was PA to Getrude

Neno
Neno
6 months ago

He has been enjoying taxpayers money.

wapayasa
wapayasa
6 months ago

DK was sent back to his old job. He ends up throwing tantrums like a child.

DK will get nothing. Employment law is clear!

benty smart
6 months ago

DK25 will not get extra cobo from our tax money, he is a fraudster and corrupt individual, in his reign as RBM gov, he dubiously raised his salary from 8 million to 27 million. probe him and sent him to jail.

Gwede Mantashe
Gwede Mantashe
6 months ago

Silungwe ndi boma angotiphee ndicholinga akawombane pa court ndiKabambeyo

Last edited 6 months ago by Gwede Mantashe
Ingwenyama
Ingwenyama
6 months ago

Iwe attorney General, let me break down for you.

Loss of income : 27mX16=432m
Interest @40%16months.= 415m
Damages. = 166m
Total. =1,000m

Ingolipilani.

And please stop firing people willy nilly. Some of the guys you fire, have been trained by the government up to master or PhD, and if you dismiss them based on politics or tribe, it’s the government that has lost. Because now government will have to train other people, whom can assure you, will be dismissed when government changes hands.

Nandi
6 months ago
Reply to  Ingwenyama

9 months and 16 Days bwana. Mwawelenga mwa phuma chizungu chakudutsani

Amango
Amango
6 months ago
Reply to  Ingwenyama

The guy was not fired. He went to RBM on secondment and the govt had the powers to de-second him when need be. He is absconding from duty as we speak.

gogo petulo
6 months ago
Reply to  Ingwenyama

DK was a dpp political stooge and doesn’t need to be compersated. Otherwise he should go back to opc. Clearing the rubble.

Tuntyufe
Tuntyufe
6 months ago
Reply to  gogo petulo

And those in positions now were appointed on merit? Siyani selective blindness

Dr.
Dr.
6 months ago
Reply to  Ingwenyama

sudziwa malamulo iwe iya. pita mu dictionary ukawone meaning ya ‘secondiment’ kaye then uzikamba zakozo wava iwe.

Babs
6 months ago
Reply to  Ingwenyama

There are more people in Malawi who are capable and can do better than Kabambe. Angopiliza as ndale zakezo. Azaluzanso kwa Nankhumwa

Petulo Namagwelu
Petulo Namagwelu
6 months ago
Reply to  Ingwenyama

Akulu the position of reserve Bank governor is a crucial position and appointment is based on trust. If there is no trust in a person holding the position from the appointing authority contract can terminated or that person can be re-deployed to a different position. Be mindful that all top positions of heads of departments, agencies, ps, etc are political positions based on trust. Governor of RBM control the economy of a country and the head must be trustworthy by the ruling government to avoid being subotaged which was not the case with DK who clearly indicated to be a… Read more »

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