LILONGWE-(MaraviPost)-Former Cabinet Minister and Democratic Progressive Party Field Marshall who is also a member for Thyolo Central Constituency, Dr. Ben Malunga Phiri has hit at President Lazarus Chakwera’s Tonse Alliance government describing it as corrupt, careless and incompetent in managing government money which belongs to poor Malawians.
Phiri was speaking in the National Assembly on Thursday, November 24, 2022 following a leaked document which is circulating showing that Tonse government carelessly gave a guarantee of US$170 million (about K180 billion) for fertilizer to a UK based company which is bogus.
According to information that this publication has obtained, Phiri queried the seriousness of Chakwera’s Tonse government to give a guarantee of huge sums of money in billions to a nonoperational company with less than one year of being registered in United Kingdom, a clear sign that the government is careless and insensitive in managing public funds.
“The way this whole thing was done, there is no two ways about it that there is someone behind it and I can say without fear of anything that there is someone behind it. If we are going to dig down we will find that there is something that is wrong”, said Phiri.
He added, “We have established that Auzano as a guaranteed financier would borrow the US$170 million on behalf of Malawi government and if the company would disappear,
“It is Malawians that would have a burden to pay for this huge for the sins committed by few corrupt individuals in Malawi Congress Party (MCP)-Tonse Alliance government”.
Finance Minister Sosten Gwengwe admitted that government gave a US$170 million sovereign guarantee to UK-based Auzano Capital Management to extend a facility to Smallholder Farmers Fertilizer Revolving Fund of Malawi (SFFRFM) for financing procurement and transportation of 350 metric tons of fertilizer for the 2022/23 farming season and that the cabinet which comprise President Chakwera approved.
Chakwera’s Tonse government is in total shame following numerous scandals just two years in power.