Sheriffs shut down Matindi FM owned by Lutepo, Nserembo

Malawi Sheriffs have closed down private-owned radio Matindi FM over unpaid rental arrears amounting to K2.3 million.Matindi-FM

Matindi FM which is housed in a building once occupied by NBS Bank in Limbe, stopped its transmission on Monday morning following the closure.

The Sheriffs shut down the radio station on orders from the building owners, Nico Holdings.

Finance and Administration Manager, Oscar Nyamalo could not answer his phone when Nyasa Times contacted him.

But in separate interviews with several employees,  it was revealed the station was sailing through financial turbulence with workers not paid for three months now.

”Two weeks ago our transmitters for the northern and central regions were also confiscated by creditors,” revealed one of the employees.

Matindi FM owned by businessmen Elvis Nserebo and Oswald Lutepo, has lately been losing some of its employees who are dumping the once well-paying station for green pasture.

Meanwhile, the country’s two major commercial banks are currently on the neck of  the chief Cashgate suspect, Oswald Lutepo over a K1 billion loan he, together with his business colleague Elvis Nserebo  obtained in 2012.

Business partners Nserebo and Lutepo who are directors for Matindi Business Empire which owns Matindi academy,
Matindi FM and Agri-Feeds Limited owe Standard Bank and National Bank over K1.3 billion- including interest.

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once a matindi staff
Guest

One NDE yanga sinavumbuluke ju court,salary since September last year,akati ma excuse a Oscar Nyambalo NDE sinkhani,nanji station manager wawo mambala.No wonder na stuff anangoba,nanga nsuzi akaupeza kuti

Titus Skoti
Guest

Mulli is not a crook like the Lutepos and the Nselebos. Mulli is very crafty in getting deals and not in cashgating. He manages to secure deals thru normal procurement procedures and when he gets the contract, he manages to fulfil it and makes sure that you pay him his dues on time for his supplies/works.

Munamvapo zoti iye ali mu gulu la cashgate? Ena anayesa kumuotchera katundu wake koma he is still going strong. Amenewo ndiye anthu odziwa how to run businesses osati kumalandira billions from government koma osachita supply anything. Mudzafa imfa yowawa!!!

Dr Callister Daniel Phiri
Guest
Dr Callister Daniel Phiri

Mulli , nserebo and Lutepo fucken

Maximum Prison
Guest

It never rains but it pours! Eishiiiiiiiiii Chuma chinachi?

musamude khamzy highway
Guest
musamude khamzy highway

ITS BETTER NOT TO RISE THAN TO RISE AND FALL…SORRY MATINDI FM

nomandela
Guest

Williams gondwa!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

BOX 13 BILILA, N U
Guest

Why don’t u banks give loans to honest pure minded people like anyamata a pa ziboliboli,their businesses. Survives under any ruling government,these are our helped they run their businesses unconnected by the ruling party,loan them they ‘ll pay u back punctually.not these political thieves

Arthur G.M. Mtambo
Guest

SORRY NSEREBO, YOU TOO DOING BUSINESS WITH LUTEPO —— HA SORRY SHORT MAN——- AN ACCOUNTANT.

isakisalaelo Mwanakaparamolo
Guest
isakisalaelo Mwanakaparamolo
Have known Osward and Elvis as very good friends for quite a long time and not as business partners. Aliyense amapanga zake and this story is misleading the nation. They have both worked very hard even before the cashgate issues. A Malawi, tiyeni zinazi tizikamba zoona osati kumaonjezera kuti nkhani ikome. Ma issue a ma rent even anthu ambirimbiri mma township mu timathamangitsidwa ndi ma land lord because economy siili bhoo!! Enanu kutheka mukulemba nkhaniyi koma muli ndi ma rental arrears. The problem ndi a Malawife ndi nsanje basi. Nzathu akamayesetsa we dont want to support him or her. Timapeza… Read more »
Gongonyeka
Guest

Mulli is a hard work aise osati Ana lutepo akowo if Mulli had stolen money from govt Joyisi sadakamusiya choncho bwezi atatha ngati Ana Nserebo akowo wanva iwe galu ujeni Mbuli iwe

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