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IDEG calls for amendment of Assets Declaration Act

Graphic Online BY: Emmanuel Bruce 30.5k Shares 705 A Senior Research Fellow at the Institute of Democratic Governance (IDEG), Mr Kwesi Jonah, has called for the amendment of Article 286 of the 1992 Constitution which requires public office holders to declare their assets before assuming office. He described the provision as problematic because it did not allow adequate time for public office holders to compile all their assets prior to the assumption of office. “For many people, they have the assets, but they have not compiled them and, therefore, need time to do that. It is very difficult to do all that before you assume office,” he said.

Chanco admin block construction contract raises eye brows as stakeholders wants decision reversed

April 30, 2021 Alfred Chauwa - Nyasa Times 3 Comments “We will not allow dodgy people to be stealing from the people of Malawi disguising as contractors.” Controversy is hovering over Chancellor College (Chanco) after the higher learning institution’s Internal Procurement Committee awarded construction works of its administration block to a suspicious highest bidder. Nyasa Times has established that the contract to build an administration block at University of Malawi’s constituent college, Chanco, has been bizarrely awarded to Plem Company, a company embroidered in the K6.2 billion Covid funds over an established and contractor, Manobec, who were also the lowest bidder.

Bank s assets declaration and corruption war - By:

Bank’s assets declaration and corruption war By Wed Apr 21 2021 Recently, Chairman of the Economic and Financial Crimes Commission (EFCC), Abdurasheed Bawa, made a declaration that the Bank Employees Assets Declaration Act of 1986 would be resuscitated to block loopholes created by bankers to sanitise the country’s financial system. According to Bawa, the decision was taken due to the role bankers are expected to play in the fight against corruption, as the EFCC is mandated to ensure compliance with the Act. Section 1 of the Bank Employees Declaration of Assets Act 1986 makes it mandatory for every employee of the bank to make full disclosure of assets upon employment on an annual basis. The law under Section 7 Sub-Section 1 stipulates that it shall be an offence for an employee of a bank to own assets in excess of their legitimate and probable income.

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