Malawi President Joyce Banda disclosed on Wednesday in Lilongwe that she has instituted a special committee to probe Finance Minister Ken Lipenga for being complicit in the MRA doctoring of revenue figures and MRA borrowing from commercial banks as presented in national budget figures in parliament.

Chose committee to probe MRA Scam

“I have instituted a committee that within one week will tell us what really happened. We should not rush into condemning the minister that’s why I have established the team to probe the matter,” President Banda told journalists at a news conference.

The President said the four team committee will be chaired by Vice President Khumbo Kachali.

“The Vice President will chair the committee and within one week we will be able to conclude the matter,” said the President.

“From what I hear many have documents to support that Minister Lipenga did not know anything on what was happening. I wouldn’t be emotional to act without finding the truth because I know when you are in such a situation when everyone thinks you are in the wrong but deep down your heart you know you are innocent,” said President Banda.

MRA board chair Professor Charles Mataya has resigned with immediate effect following the K30 billion scandal that has rocked the revenue authority.

Mataya, who confirmed his decision in an interview on Tuesday, cited management’s sidelining of the board in borrowing the controversial K30 billion from commercial banks as the main reason.

The Malawi Revenue Authority (MRA) borrowed the money to paint a rosy picture of revenue collection for the hastily implemented zero-deficit budget (ZDB) to show that it was on track.

Mataya said management did not consult the board on the borrowing and he felt like it (the board) was reduced to a mere rubber-stamp.

Said Mataya: “I resigned today [Tuesday] and I do not know who is acting because that is not part of the agenda.”

But according to MBC last evening, Mataya has been replaced by financial guru Thom Mpinganjira.

Mataya’s decision also comes amid calls for the resignation of Finance Minister Dr Ken Lipenga and MRA Commissioner General Lloyd Muhara to pave way for investigations to ascertain the extent to which the Democratic Progressive Party (DPP) administration went to mask the state of the country’s economic collapse.

On Friday, Mataya said the board was shocked by Lipenga’s revelations that MRA borrowed the money from banks to portray ZDB as a success story.

“We never authorised that borrowing. We were never made aware of it,” said Mataya.

Lipenga’s admission of the borrowing on Tuesday last week raised resignation calls from various quarters who accused him of feigning ignorance.

Commentators were irked further after Lipenga claimed his hands were clean on the transaction, arguing he did not sanction MRA to borrow from commercial banks to beef up its performance.

He said the report he presented in Parliament in February was based on information given to him by his officials and claimed he did not have any reason to suspect there were discrepancies.

Experts counter-argued that lying to Parliament and the nation was not a simple thing. They said Lipenga should not pretend to be ignorant of the transactions as MRA would only get such a mandate from his ministry. They further said for MRA to borrow, Parliament has to pass a loan authorisation bill.

The scam was first brought to light in February this year by Malawi Forum for Unity and Development (Mafunde) president George Nnensa who claimed he had evidence that MRA borrowed the money from the Malawi Savings Bank (MSB), NBS Bank Limited, Standard Bank, National Bank of Malawi and Indebank Limited at the end of December 2011.

Nnensa, who is Balaka South MP, reported the money was repaid in January this year with interest.

Meanwhile, Lipenga, in a brief statement made available to The Nation on Monday, said he has submitted a report on the matter to President Joyce Banda. He said he is ready to resign if he is implicated.

ZDB was former president Bingu wa Mutharika’s pet project towards economic independence after he fell out with donors and development partners due to governance concerns last year. Traditionally, donors support the country’s national budget with resources estimated at 40 percent.

There has been an increase in support for Lipenga’s firing since the revenue collecting body, which falls under his ministry, borrowed more than K15 billion from banks to support the zero deficit budget.

The budget session of parliament starts Friday and the Minister of Finance will still be carrying out his duties until the special committee determines what really happened.

Nonetheless, Lipenga’s position is now untenable and it would serve the country better if he is moved.

You May Also Like

59 NDEMANGA

  1. Diflucan Xanax Drug Interactions Xanax Clonazepam Anti Anxiety Xanax And Panic Attacks Causes [url=http://www.netvibes.com/xanax2mg ]order alprazolam online without prescription[/url]. Tolerance Xanax Depression And Vicodin Overdose Snorting Xanax Xanax Alplax Premenstrual Syndrome Valium Liver Damage Xanax Addiction . How Fast Does Xanax Take Animation Xanax Lc50 . Long Term Use Klonopin Xanax Narcotic Xanax Photos Of Xanax Pills Drug Xanax And Tagamet Grapefruit Juice Xanax In Adults Xanax Detection In Urine Mda Mdma

  2. adderall and sertraline Taking Celexa And Adderall Mixed High Blood Pressure Before Taking Adderall [url=http://www.netvibes.com/stratteraonline ]order adderall online no rx[/url]. Using Adderall And Weight Loss Overlapping Medications Of Adderall To Strattera Taking Xanax After Adderall Attention Deficit Disorder Adderall Snorting Blue Generic . Doing Xanax After Adderall Aciphex Adderall . Paroxetine And Adderall Adderall Wellbutrin Adhd Using Speed For Weight Loss Adderall Xr Aciphex Adderall Xanax Loss With Adderall Generic Forms Of Adderall

  3. Mixer Xanax And Adderall Doses Above 100mg Adderall . Any Problems Taking Adderall With Wellbutrin Adderall Generic Online And Adderall Buy Valium How To Make Codeine And Adderall Tylenol Adderall Just Started provigil verses adderall . Can You Take Adderall With Lamictal Vyvanse And Abilify Adderall Xr Adderall Xr Duration Of Action [url=http://www.netvibes.com/stratteraonline ]buy adderall online no prescription[/url]. Taking Lexapro And Adderall Bi Polar Mixing Oxycontin And Adderall Erowid Taking Adderall And Strattera Together Zantac Adderall Beyond .

  4. How Much Xanax Would I Take Xanax Pot Prescription Xanax For Colon Cancer [url=http://www.netvibes.com/xanax2mg ]xanex[/url]. Xanax Drug Test Removal Xanax Haze Mastercard Generic Xanax Xanax Long Acting Withdrawal Symptoms . Xanax And Lorazepam Valium How Many Ambien Is Lethal Take Xanax . Dosage Colors Xanax Anxiety Nyquil With Xanax Xanax Partial Birth Xanax Overdose Basic Z Words Xanax Can Xanax Cause Dementia

  5. Zyrtec Adderall Mixing Zoloft And Prescribed Adderall . Editing Phentermine And Adderall Adderall Pharmacy Discount What Is The Difference Between Phentermine And Adderall Lexapro Adderall Binding ingrdients of adderall and provigil Adderall Xr Coupons Discounts . Diflucan Canada Adderall Adderall Low Blood Pressure Adderall Vitamin B [url=http://www.netvibes.com/stratteraonline ]buy adderall without prescription[/url]. Does Adderall Weight Loss Taking Viagra And Adderall Together Spironolactone Adderall Zantac Adderall .

  6. Taking Adderall With High Blood Pressure Side Effects Stopping Adderall And Valium . Stopping Adderall And Valium How Long Does Strattera Stay In System Adderall Xr Combining Prozac And Adderall Strattera And Adderall adderall and wellbutrin prescribed together Adderall . Strattera Or Adderall Mixing Lexapro With Adderall Adderall Kick In [url=http://www.netvibes.com/stratteraonline ]order adderall[/url]. Taking Adderall With High Blood Pressure Tourette’s Syndrome Mixing Adderall Cause Oxycontin Adderall And Migraines Adderall Hypertension .

  7. Generic Adderall 10 Mg Pictures Zoloft After Adderall effexor xr and adderall [url=http://www.netvibes.com/stratteraonline ]buy adderall no prescription[/url]. Stopping Adderall With High Blood Pressure Adderall Abuse Stories Prozac Adderall Effexor Xr Adderall Xr Dosage Amounts . generic amphetamine taken with adderall xr Can You Mix Adderall And Klonopin . generic adderall 20mg 60 tablets Adderall And Alcohol Abuse Legal To Order Generic Adderall Online Zithromax Adderall Online Buy Taking Klonopin And Adderall Strattera Or Adderall

  8. Xanax Tablet Mg Xanax Vietnam Xanax And Viagra Side Effects [url=http://www.netvibes.com/xanax2mg ]alprazolam side effects[/url]. Price Of Xanax In Mexico How Does Xanax Make You Feel Addiction Xanax Vs Zoloft Obsessive Compulsive Disorder Xanax Iv Dose . Vicodin Red Wine Xanax Ambien How Do I Know If I Need Xanax . Lunesta Xanax Erowid Xanax And Codeine Xanax Foggy Taking Xanax At Night Attention Deficit Disorder Xanax Contraindications Xanax Hemoptysis

  9. Simvastatin Adderall Topamax Adhd Take Adderall . Plan B Adderall Adderall Xr High Blood Pressure Taking Prozac And Adderall Together Anti Depressant adderall and celexa extreme drowsiness Strattera Vs Concerta Ritalin Adderall lancaster pa weight loss doctors adderall . Average Weight Loss On Adderall Mixing Zoloft With Adderall Vyvanse With Lexapro Adderall Xr [url=http://www.netvibes.com/stratteraonline ]buy adderall fedex delivery[/url]. adderall wellbutrin 2009 jelsoft enterprises ltd Adderall Prescription Promo Adderall High Blood Pressure Inderal Adderall .

ZIMENE MUMAKONDA

Please enter your comment!
Please enter your name here

From The World