Views, ideas, inspiration, vision and practical tips for a better more prosperous Malawi

Why didn’t successive Malawi Governments act to stop the looting of US$2 billion+ from government accounts?

Photo Credit: Nation Publications Limited

Photo Credit: Nation Publications Limited

Before any talk of a new IFMIS is taken seriously, Malawians need to be told how much money is missing from government accounts, and why successive governments failed to stop the recklessness and impunity that has led to the loss of at least US$2 billion from Malawi Government accounts the last 6 years.

Anything less is simply not acceptable. And I must say that task could have some serious casualties, complete with more blood than seeped out of Mphwiyo’s gunshot wounds.

Lets see, under DPP’s watch at least US$500 million went missing. That’s only from 2009 to 2012. Who knows what happened before that? Who knows how much was lost between May 2004 to December 2008, or even before that during Muluzi’s tenure?  Do we have the audits going back all the way? Should we have such audits so that there is full accountability? In any case, if there is no accountability how can the system be fixed?

What about aMai? From the depths of her self-imposed exile, what does Joyce Banda and her people’s party have to say for themselves about presiding over the loss of at least US$400 million? And this is only from sums over MK1 million, as I tried to explain here.

I think Malawians deserve to know.

If it is accepted that at least US$2 billion has been misappropriated the last 6 years, then both the government of Bingu Wa Mutharika and Joyce Banda’s government had access to the same IFMIS reviews and reports which contained advice on how to tackle the problems in the government financial system. Make no mistake the PwC report is not the first!

This is not about finger-pointing, but understanding where things when wrong. The question remains, why didn’t Bingu Wa Mutharika, or Joyce Banda (and their officials) plug the holes to the government financial systems when they each had the chance?

When they were informed of the loopholes on numerous occasions? When people at the National Audit Office, at the Ministry of Finance and at OPC knew what needed to be done.

Did it really have to take Mphwiyo’s blood for the issue to come to the fore? And millions of dollars spent on international accountancy firms – churning out dubious reports? When numerous official reports had been commissioned previously, pinpointing the problems, and how to fix them?

I don’t think so.

Watch this space to learn why.

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About Sang N.

Writer, Entrepreneur & Activist. Interests: History, Entrepreneurship, Business, Motors, Architecture, Aviation, Travel, Food and Art.

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This entry was posted on June 30, 2015 by in Corruption, Economy, Fraud, Opinion and tagged , , , , , , , .
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