President Peter Mutharika bankrolls the operations and activities of his ruling Democratic Progressive Party (DPP) and that he was its 2014 elections campaign major financier, he claims.
An emotionally-charged Mutharika said this on Thursday, October 8, 2015 during a news conference at Kamuzu Palace in Lilongwe, four days after returning from a two-week trip to New York, USA where he attended the 70th Session of the United Nations General Assembly (UNGA).
The President was parrying away suggestions that he is globetrotting to accumulate ‘campaign’ money through travel allowances ahead of his May 2019 re-election bid.
Some critics have also condemned his use of a chartered private jet, suggesting this may also be part of a scheme for “wrongful enrichment“.
The President said he was not interested in “your money”, claiming, “I funded 2014 DPP campaign with my money and I will do the same in 2019.”
Mutharika said he was already a millionaire when he returned to Malawi from the United States of America (USA) where he was a university professor.
“You can check my [bank] account in New York,” stressed Mutharika, who had lived and worked in the USA for almost 40 years before returning to his homeland in 2007.
“My salary is only K1.4 million. I was making 10 times that when I was out of the country,” charged Mutharika.
“Let’s put this nonsense to rest. Don’t be obsessed that I am wasting your money,” he said
According to President Mutharika’s declaration of assets as announced by the Office of Director of Public Officers’ Declarations, he has over US$8 million in two bank accounts in the Unites States.
The President also declared that he has savings of close to MK70 million at Standard Bank’s City Centre Branch in the Capital, Lilongwe.
According to the 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 betweenMK32million 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 million, a Mercedes Benz in USA valued at$25,000.00 bought in2001, a BMW, BR160 valued at MK73 million, a Suzuki Vitara, BR2677, MK51million, a KIA, LL1359, MK37 million, Nissan pick-up, BP8089, MK35million, Motor Home, BQ 4576, MK121million, a Land Rover, TO5606 MK38million and an Artego-Benz TO 3847 MK32million.
He declared public ownership, since 2008, of a house in Area 10 on 457 Ulemu Drive in Lilongwe acquired through funds from his salary and savings. He did not provide the value of that property.
Mutharika also said he has another house number NY 453 in Nyambadwe, Blantyre, valued at MK7 million and a third one which declared to have bought in 1982 at US$750,000.00 on 81st Louis MO63105 in 250 Brentwood from his US salary savings.Follow and Subscribe Nyasa TV :