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Malawians Should Brace for More Cash-gate Scandal

Steve Sharra explains why Malawians should brace for more cash-gate scandal after revelations that some powerful Malawians abused the Integrated Financial Management System internal controls to loot billions of public funds:

Social inequality is creating deep rifts among Malawians, a ticking time bomb. The increasing incidents of mass violence and vandalism we are witnessing across the country daily are but a tiny ripple in the sea of resentment resulting from this inequality. That is made more complicated by how our political parties have no established means of raising funds for their very survival, rendering the entire political arena a charade and a get-rich-quick scheme. Unless we address the fundamental causes of the deep inequality ripping Malawian society apart, we should brace ourselves for more cashgates.

  • Sangwani Nkhwazi

    True. There must be a systematic and transparent method by which politicians raise money for their political parties. Bingu knew about the fiddling of the IFMIS, and did nothing. Even Joyce Banda, when she was serving under Bingu must have known: http://malawiace.com/2013/10/28/ifmis-what-did-udf-dpp-and-pp-know/ http://malawiace.com/2013/11/06/i-told-you-so/ The question is what would have happened if Mphwiyo was never shot? Wouldn’t the plundering have continued, smothly, budiness as usual, under Joyce Banda’s watch? Surely how can such sums (today we are told Oswald Lutepo stole K2.6 billion [equivalent to US$6.5 million]) be stolen without poweful people at the top being in complicit?? I think there’s got to be a missing link somewhere…

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