Parliamentary maize inquiry wants cancellation of PTA bank loan

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The joint parliamentary committee on the maize deal has disclosed that it is to appeal to legislators in the National Assembly to consider cancelling a loan obtained from Preferential Trade Area (PTA) Bank meant to be used for buying maize.

The development comes at a time when reports reveal that the country has enough maize hence has no need to buy the staple grains from other countries.

Chairperson of the joint committee Joseph Chidanti Malunga said they are to urge the members to cancel the loan and pay back the money to avoid embezzlement.

Dr. Joseph Chidanti Malunga

Dr. Joseph Chidanti Malunga : Heads the committee.

The money is currently under Zambia Cooperate Federation (ZCF) account as the process of supplying maize to Malawi has been blocked by a court in Zambia following reports of breach of contract between ZCF and Kaloswe Courier and Commuter.

Members of Parliament (MPs) authorized government to borrow $34.5 million from PTA Bank to buy the staple grains following reports of hunger in Malawi.

However, the process of buying maize has been marred with irregularities as reports show that there was a suspected plot to steal some of the money.

The development forced parliamentary committees of agriculture and public accounts to come together and probe the accusations of corruption in the maize deal.

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29 Comments

  1. Ndalama mumabetsa dala kamba ka ndale eeeee Chimanga ku Malawi kulibe eee gulani anthu asafe kaguleni ku Zambia eeee tikongole ndalama tidyetse anthu lero mukuti chimanga adagula ku Malawi konkuno and chikadali ma vendor agula mmidzimu ndale zothana nzimenezi lero munama izi mawa zina I like the way this commission of inquiry has done its work complete with recommendations to the president. Lets hear what Kamlepo and Chifanti joint venture will say and what the CSOs will say from their investigatios otherwise Malice and Envy wont help Malawi

  2. Joseph Chidati Malunga & your team have spent millions of Tax Money making Malawi poorer than before you started your unjustified inquiries. The People are waiting for a Report from you & please don’t divert our attention to more rubbish cos the waste is obviously going to be pushed to the poor.

  3. Ndiye ife timve ziti,kodi zobedwazo ndiziti?Zomwe akabweze ndiziti?mwatha mapulani kkkkk kuzolowera kuwononga mbiri za anzanu basi k9 billion watenga ndani kkkkk

  4. Ndiye ife timve ziti,kodi zobedwazo ndiziti?Zomwe akabweze nditi,mwatha mapulani kkkkk kuzolowera kuwononga mbiri za anzanu basi k9 billion watenga ndani kkkkk

  5. kikkkkkkk komabe tikudikira ndi chidwi paja mumafufuza ngat ndalama zabedwa ndiye kozekani kutiuza mene anagawanilana ndalamazo iya sitikufuna kumva izi ndi izo what we were excepting from u Is to tell us how they share that 9billion kwacha nothing else

  6. Choyamba, tatiuzani zomwe mwapeza pa kafukufuku wanu. Ifetu tikudikira ndi chidwi. Komanso mayina a nduna 7 za cashgate zija. Mungoti ichi mwakamba ichi mwakamba!