Friday, June 12, 2009

Bingu to soon declare his Assets

President Bingu wa Mutharika has said he will soon declare his assets as a requirement for Politicians when taking office. 

Speaking during a press conference held at state House in Lilongwe on Tuesday the President said he is ready to declare his assets again having done that already when he was entering his first term of office. 

According to the President, he is so far the only politician in Malawi who has ever made known his possessions after all the politicians declined to do so. 

At the beginning of office the president said he had about 150 million kwacha wealth of assets at the onset of his first term beginning 2004. 

Mutharika said he had a massed his fortune from the gratuities which he got from Organisations such as Comesa, United nations , among others ,where he once worked. 

He was reacting to some allegations from people that he has so much fortune to his name among them the Ndata Farm in Thyolo which has drawn a lot of negative comments from the opposition. 

Some quarters have accused the president of using government resources in developing his estate. 

The President said he has been building Ndata farm from his personal accounts.  

"I retired from Comesa, United Nations where I got gratuity, where do you think I kept the money? I stored it in the bank. 

"I have been building Ndata Farm slowly with my own resources, Government did not spend anything on the farm" said the President.  

Mutharika pointed out that the 6.5 million Kwacha which he used to buy Ndata Farm is peanuts compared to his 150 million Kwacha which he had to his name at the time he became President. 

The President of course said people should expect an increase to his soon to be declared possessions considering that he has been getting allowances and salary as the head of state.

Mana

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