BREAKING NEWS: FIRST CAPITAL BANK UNDER INVESTIGATION

By Maxwell CHOME The Newly branded FIRST CAPITAL BANK formerly First Merchant Bank is being investigated by the Central Bank in Lilongwe because of its role during the sale of TNM shares in 2010 and other transactions by Press corporation. The bank has been found on the firing range after its Executive Chair Hitesh Anadikati was involved in serious corruption with the late Dr Matthews Chikaonda who was the CEO of Press Corporation. The Central Bank has been forced to start investigations after USAID regional office made a request since…

Read More

MUTHARIKA LEAVES FOR LILONGWE SILENTLY

President Peter Mutharika has left Blantyre for Lilongwe by road silently. The move has surprised many people including his DPP party supporters who normally line up the road and give him a ‘big’ welcome as he arrives in Lilongwe. Insiders said Mutharika left Sanjika Palace in Blantyre at 14.08hrs silently and will not make any stop overs as has been tradition over the years. Last time Mutharika was forced to use the Lilongwe by pass road by angry people who threatened to stone him accusing him of stealing the May…

Read More

NANKHUMWA IN TROUBLE OVER PEACE, DIALOGUE CALLS: TOP GURUS WANT HIM FIRED

NSunday’s dialogue calls by DPP Southern Region vice president Kondwani Nankhumwa has landed him in hot soup as some top party officials feel he has contradicted President Peter Mutharika and the party. Nankhumwa’s cardinal sin is that during a political rally the DPP held on Sunday in Blantyre, he called for dialogue with the opposition following the impasse after the disputed May 21 elections. This was a departure from what all the people at the rally who spoke issued threats and intimidatory speeches against opposition leaders. As expected, the usual…

Read More