Reserve bank of Malawi, a public institution which regulates all financial institutions in the country has too of it’s stuff at the centre of corruption.
As a bankers bank, it is suppose to be dignified, exemplary and Of high moral integrity. So it comes as a huge surprise that two of it’s officers who work as Regulators are caught up in shameful scandal that threatens to derail a promising youngmans football career.
Muhammad, Sulumba, a Nyasa bullets player has his future hanging in the balance because Former Bullets Chairman Sam Chirunga and George Ndindi who both happen to be RBM employees and DPP operatives took money from the South African club that wants to employ Sulumba and put it to personal use. These two are bankers who understands the difference between a Company account and personal account. They know without doubt that money belonging to an organisation cannot be banked or temporarily deposited in a personal account because their proffession as a Regulators, part of their Job is promoting transparency in transactions.
The football star is failed to kick start his career in SA and bullets did not receive half the money from the South African team despite them making a part payment deposit of R70000.
Now these two admit they received the part payment and are saying they will pay back the money without offering an explanation as to why the money went into a personal account in the first place. Reserve Bank is quite and ignoring the incident when the integrity of it’s employees is compromised. How do RBM maintain the services of officials who admit to fiscal malpractice in their extra curricular activities to advise other banks on transaction and transparency issues? Is RBM ignoring this because they are DPP operatives?