Cashgate Returns: Malawi’s financial management system remains rotten

Aug 11, 2017 Politics 82
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Saulos Chilima, Peter Mutharika

…Parliament failed to account for over K11million used on prepaid airtime units

An audit report by the Malawi Auditor General on the government accounts offers a chilling account of the financial management system that has led to a misty cloud over K2.4 billion of public funds being misallocated and paid out without unsupported documents.

However, the audit documented what the Auditor General, Stephenson Kamphasa, has regarded as an improvement in the misallocation of funds, payments without unsupported documents and missing payment vouchers. The report reveals that MK428 million was misallocated, representing an improvement of 91% of K4.86 billion which was misallocated in 2015. Likewise, the audit makes note of an improvement, albeit huge, sitting at K517 million from K16.4 billion of payments without unsupported that were documented the year before.

Saulos Chilima, Peter Mutharika
Overseeing the return of Cashgate

Ministry of Lands leads with over K126.4 million of payments without adequate supporting documents, a common practice among all the ministries followed by the Ministry of Agriculture where “payments amounting to K106.5 million were not adequately supported by third party documentation”.

“In the absence of the supporting documents it was difficult to ascertain whether the payments were a proper charge to public funds” stated the Auditor General.

Among other payments made without records are the K11 million of prepaid airtime units at the National Assembly that the audit team was unable to ascertain its accountability.

Overlooked observance of well-established procurement systems and procedures resulted in accumulation of arrears, with over K1.3 billion yet to be verified. K26.7 billion were initial accumulation of areas.

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82 Comments

  15. Guys the poor malawians are the one suffering popi g money our taxes are being missused..by heartless individuals and prosecution to set an examples..to the wanna be’s

  22. Malawi is under the shadow of Satan, and cashgate is the true manifestation of Satan’s influence. How else can some people steal such big money without feeling guilty? My free advice: urgently hire expatriates to run Accountant General’s dept to effectively put in place tight Internal controls in all controlling officers. Otherwise going by the current thefts, Malawi will remain a cursed country.

  26. Ndaisowa Nyimbo ya #Soulder L. BANDA. ” Kuyambira Kumipingo kupita kwa a Ndale Angokumanaa Akuba okhaokhaa… Mukamapangatu Zakuseri Mbuye Amaona aa oooh! heyi Oh!!.. Mukamalemera mudzina la ana Amasiye Mbuye adzakulangani!”
    I miss this Song…

    2. Almost every Malawian is corrupt. Go ku national registration,there’s corruption,panseu corruption,mmakomo mwathumu corruption ilimo just that there is a difference in the degree of corruption that.. So that mentality grows as one goes wherever moti when someone is employed penapake pabwino corruption will still be there fukwa aliyense akusamala nthumba mwake after ndalama ikuvuta of which is still making Our Nation undeveloped.. ndatha ine wanu

  29. Its Sad Koma Xpecially To Us Youths. No Direction 4 Us In Malawi.Tugwira Ntchito Ndife Kumusi.Iwo Angozungulira M’mipando Kumatidyera Malipiro Athu.F*ck The Government

  37. Chaponda burned our office ,Tax money is being stolen,Is this a party to keep and run our Affairs ?God forbids !
    If Malawians keep Dpp beyond 2019 then Malawians are really dead.
    More and more rubbish, they are on the run to buy greedy people from opposition. They bought Msonda ,where do they get the money,Msonda is now driving Voxy.When a country is run by Thieves breeds Thieves.Wake up Malawi, plse.

  38. Why still accusing Joice Banda? The truth is cash gate was started by DPP Government with their president Bingu now you put this blame to Joice Banda i think this present government must be crazy
    # crying for my beautiful Malawi.

    8. Hahahaaa the time of Kamuzu was blood gate, the time Bakili umbava wakuba ndalama unayamika then akubwera achibingu hoooo kukolola posalima ma ministers onse anlipo ndiomweso amabaso nthawi ya jb. Pita anaba zambiri sono akungomaliza thus why anatuma friend wake chaponda kuti aponde chimanga kkkkkkk sorry am not a pollitics i just want to make you clear thank u Mr Speaker Sir i rest my case

  40. This cashgate virus(CGV) has come to stay. We need to engage new researchers to quickly come up with ant-CGV therapy otherwise it will wipe out the entire malawian population.

  43. The blue cash gate party. You are busy trying to arrest joyce banda and yet there are lots of cash gates in blue camp gaffment. Kkkkk

  45. It never ended, it started with bingu administration, known during jb, and continued with peter administration,,, never be cheated

  51. undunanso womwe atupele muluzi yemwenso ndi mtsogoleri wa UDF wabanso kkkkkkk koma ya kuli ntchito kubomako.pemphero langa nali JEHOVA muwalange onse akuba ndalama zathu muwabweretsere nthenda monga cancer,ena azigwa ndi Bp kufa kukhalensi komweko enanso ngozi zagalimoto komanso Ebola kwa okhawo okuba plz GOD we re sick & tired with them ndiyankheni mulungu wanga

  55. Pajatu kamlepo kaluwa ananena kut nduna 7 zinatibela ndlma zathu abraz mkumati ndipase maina ndelelo mzimenez chaponda tinagwila kaletokha nde maununa ena ndamenewa izy abraz tigwilitokhanso zimenez inu badyelelan kudikila 2019 kut muzaziwe kut malawi siopusa ayi

  64. who doesnt know that these diphiphi idiots are the masters of cashgate?????????????

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