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.
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.
29 thoughts on “Parliamentary maize inquiry wants cancellation of PTA bank loan”
Comments are closed.
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