Admarc’s tricks uncovered

Feb 03, 2017 Politics 42
Advertisement
Maize flour

The Agricultural Development and Marketing Corporation (Admarc) lied on several issues when make submissions to the Parliamentary inquiry on the Maizegate scandal, latest information has revealed.

This follows a series of meetings Malawi Joint Parliamentary Committee on the maize deal which is being led by Dr. Joseph Chidanti-Malunga had with officials in Zambia.

In their probe, Chidanti said they found that Admarc made several lies pertaining to deals it had with Kaloswe Commuter and Courier Limited and the Zambian Cooperative Federation (ZCF) – all in line with the procurement processes.

Dr. Joseph Chidanti Malunga
Dr. Joseph Chidanti Malunga : We have noted the information mismatch.

According to Chidanti-Malunga, Admarc’s statements on the deals have left a lot of questions than answers. For example, Admarc Chief Executive Officer, Foster Mulumbe, told Parliament that it was Kaloswe which suggested that the Letter of Credit amounting to $34.5 million should be in favour of ZCF, but Director General of Kaloswe Commuter and Courier Limited, Felix Nyirongo, says that Admarc officials persuaded them to alter some clauses in the contract so that payment should be made through ZCF.

The company maintains that one Grace Mhango, is the one who acted as a broker between Admarc and Kaloswe. Mhango is also suspected to have connected Admarc to ZCF at the expense of Kaloswe. On his part, James Chirwa, ZFC Chief Executive Officer, also denied ever issuing a tax invoice to Admarc which was presented to the Malawi Revenue Authority (MRA) for clearance of 100 thousand metric tons of maize in July 2016.

He told the parliamentary committee inquiry which is currently in Zambia that the copy which the MRA presented to the committee was forged.

The committee also heard from Chirwa that it was Admarc that proposed a price of $345 per metric tons of maize.

This is also different from what Mulumbe earlier told the committee that ZCF had come up with the price.

Today, the inquiry met United Progressive Party (UPP) Saviour Chishimba who was vocal on the scandal in Zambia weeks ago. The committee left for Zambia earlier this week

How the scandal began

Leaked documents showed that Admarc used a private Zambian company to buy 100,000 metric tons of maize something which was expensive than if the deal were government to government.

According to figures seen in documents, Admarc paid $34.5 million (about K26 billion) for the maize, which is $13 million (about K9.5 billion) more than the $21.5 million (about K15 billion) it could have paid had it bought the maize from Zambian Government.

But Admarc insisted that it bought the staple grain from Zambia Cooperative Federation (ZCF), a government agency.

Malawi government obtained a loan of K26 billion from the Eastern and Southern African Development Bank (PTA Bank) to purchase 100,000 metric tons of maize from government of Zambia through ZCF.

Advertisement

42 Comments

  2. Kd Nkhani Imeney Yatkwana, Mukukhala Ngat Mukutthandiza Kma Eeesh!! Pano Mukut Simuvaya Ku Paliament Kt Mulandile Kaye 2 Mita Nde Mukuthandiza Ndan. Mbala Inu Nose

  4. Kodi ukuyaka wauwisi kuli bwanji ouma coz mavuto akuba akuyambira kumipandoko ndiye mumadziwana chonsecho inu olemera mukudya ku spar pamene ife ochoka ku ma poor family kumangovutika koma mulungu alione dziko lanthu ili

  7. Anthuwa akufuna kupachika mr mulumbe pa nkhaniyi koma mulumbe sangapange yenkha zithuzi, ADMARC ndi company ya boma , procurement sangapange muthu m,modzi ayi . khaninso siya a Chaponda apa , umu ndi m,mene zipani zolamula ku Malawi zimapezera ndalama zopangila campaign , ndizopangana izi. Dnt implicate one person yet you know the deal, mulumbe anachita kumuwuza zimenez , who is a boss of mulumbe,? Who appointed mr mulumbe in his seat?

  8. Mesa kodi munatchula kale achina Chaponda? Leroso mayina awo simunapeze kodi? Malawi is a country full of envious people and all you are doing is trying to find a Chaponda connection.

  10. A letter of credit is a letter from a bank guaranteeing that a buyer’s payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase. Due to the nature of international dealings, including factors such as distance, differing laws in each country, and difficulty in knowing each party personally, the use of letters of credit has become a very important aspect of international trade.

  11. but you said money has pocketed… are you getting the information that some one has stolen our tax money? this is the main reason you are in Zambia bring us the true story if someone has stolen money….. not something else…..

  12. thank you all we appreciate that maize is locally available here in Malawi despite experienced dry spell for two yrs. I coted NO BODY WILL DIE WITH HUNGER!!!!!!!!!!!!!!! I assure you!!!!!!!!!!!!! bravo ! whither you bought expensive maize or could be bought at a cheaper price we that God that we have maize till now and constant pricing. This is very great!!!!!!!!!!!!! remember zero deficit is working. President wathu woye!!!!!!!!!!!!!!!!! Malawi woye!!!!!!!!!!!!!! Mulungu akutikonderanso Woye!!!!!!!!!!!!!!!!!!!!!!!!!! 2017 woye!!!!!!!!!!!!!!!!!!!!!!!!!

  13. Crooks, they have to pay back to the poor citizens. This is exactly how they are getting wealthier overnight and build excessive mansion and then die before moving in.

  19. George Jailosi just wipe your arsehole. Why don’t you leak your ass? Your brain is filled with maggots.

  22. This Story is very very big. Mulumbe will never never have done that alone! There are few big Fishes in this deal which were remote controlling from a distance! That is what we call high degree corruption!! If Mulumbe is man brave enough, he will mention them!

  25. Selling maize at an exorbitant price in order to pocket the poor taxpayers money, apprehension has to be effected after finalising everything

  27. BREAKING NEWS:
    Munthu amene adakhala pafupi ndi olemekezeka Dr George Chaponda kumsonkhano omwe adakachita nawo ku Germany wati phone yake ya mmanja idasowa nthawi yomwe a Chaponda amabwelera kumudzi kuno kuphatikizapo zolembera zake zomwe amagwiritsa ntchto. Amene mungawaone abanawa ali ndi phone yamtundu wa sumsung galaxy muchite report ku police yomwe mulinayo pafupi.

    1. mbuzi koma iweyo chifukwa mawanga ako wawonetsa kale,ngakhale ZODIAC pankhani yatiwuza mmene a Parliament akafufuzira ndee poti iwe umavera Radio one bakhala choncho

Comments are closed.