10:03 pm - Wednesday 21 November 2018

Joyce Banda and Cashgate on the way out

By Amalawi - Mon Feb 17, 8:32 pm

Mzuzu, Malawi: As Malawi is preparing to vote signs are clear that the current president Joyce Banda is on her way out. Banda became president by default in 2012 as her predecessor Bingu wa Muntharika suddenly died of a heart attack. On taking office president Joyce Banda was widely applauded and praised, she has the support of most Malawians and the international community. It has only taken two years for Banda to show her true colors, those of a corrupt and greedy African president.

Last week, on Valentine’s Day, President Banda submitted her nomination papers to the Independent Electoral Committee, confirming that she would stand as the People’s Party candidate in the presidential election scheduled for 20 May. If she wins, it would be her first election victory.

But a victory is by no means guaranteed. Hanging over Banda’s head are accusations of dishonesty, graft and incompetency, and Banda’s political opponents are gleefully sharpening their panga’s.

Joyce Banda has the Cashgate clouding here presidency. Last year, a series of suspicious incidents opened the lid on a massive, multi-million dollar corruption scandal. Initial investigations revealed that while the rot may have set in under the late Mutharika, it had certainly continued under Banda, and she had done little to stop it. In total, it’s estimated that around $250 million may have been lost through strange payments made to businessmen for services that were never delivered. Bands ruling party was raising money to finance its campaign. The peoples party came to power with nothing and within two years it has amassed a lot of worth, far more than the previous governments of Bakili Muluzi and Bingu wa Muntharika.

The beginning of the end

The beginning of the end

President Banda was appalled – in public, at least. “”We need to start fighting corruption from individual, household, community to national level…It is everybody’s war,” she said. She also commissioned a government report looking into the scandal, with assistance from forensic investigators loaned by the British government. In addition, at least 70 people including government ministers have been arrested but all are currently out on police bail.

Despite this, Banda has never been able to shake claims of involvement herself. And even if she was not involved, the sheer scale of the corruption is an indictment of her administration, and her ability to control it. Either way, it reflects a serious problem at the heart of Malawi’s government, and donors – who provide 40% of the country’s budget – were unimpressed, suspending some $120 million in funding.

After several months, the preliminary report into Cashgate is now ready – but not for public consumption.Only donor countries have access to the report, this act has angered most Malawians, they have no power to act and their only weapon is the vote on the 20th May. “Instead of sharing it with Malawians as promised, the report is being treated as a confidential document – and only very few people are being allowed to study it.

The cashgate forensic audit report has been been circulated to ambassadors from donor countries and submitted to the International Monetary Fund (IMF). This begs a host of questions, including why has a Malawi government report into the looting of Malawi’s treasury only been sent to foreign dignitaries and the IMF rather than being shared with those who are affected by it , Malawians.

Malawians don’t like war are peaceful and only fight with one vote, surely Joyce Banda is on her way out.

3331 Total Views 2 Views Today

Follow amalawi on Twitter, become a fan on Facebook. Stay updated via RSS


Comments are closed on this post.
Comments -49 - 0 of 3First« PrevNext »Last
  1. It is my sincere hope that the plundering of Malawi’s financial resources! the inefficienies so typical of the Joyce Banda regime!The heartlessnes of the regime that pretends to care but has only got themselves to care about! I sincerely hope all this is going out at the elections on May 20th, and yes this is only my opinion but I am fairly certain that there are a lot of Malawians echoing this! 

    How inappropriate can it be that our resources have been stolen, a report has been run with us as citizens co-operating for this report to be run and now! the results are shown to everybody except us! who the hell does Joyce Banda think we are? I am sorry but it is my opion too that she ought to be OUT on 20th May! enough chaos!

  2. I agree with the Author, the lady is on her way out! The beuty of democray is that we can all express ourselfs. Madame president started off really well but with time she has really shown that she is not capable of leading a country. How come she is not doping anything on cahsgate? how can she withhold the report from us Malawians? how can a whole president do that? she is such a ….i rest my case…

  3. The problem with opinion is that everybody has one. And this is the opinion of the author of this article. While in actual fact, president Joyce Banda is going nowhere during and after the elections and will retain her position as president of Malawi. The guilty ones are afraid and in this case those who are guilty of cashgate and other irregularities will fear the possibilities of president Joyce Banda remaining president. And therefore, will come up with stunts like this article……NEWS FLASh it’s not going to work!! 

    1. Unaba nawo ndalama iwe eti????? Anyani opusa kwambili nonse ndi JB and all cashgaters.. Heartless people and they deserve mob justice not a court.. Achite kuwotchedwa ngati mbava za mu ma ghetto zimawotchedwazi… To hell with JB and PP..

Comments -49 - 0 of 3First« PrevNext »Last

Leave a Reply

Comments are closed on this post.