Fri. Apr 26th, 2024

Admarc CEO Buys K107 Million Car Without Board Approval

By Suleman Chitera Apr18,2022

▪️Following the purchasing of an expensive vehicle for the current Chief Executive Officer Rhino Chiphiko, Parliamentary committee on Agriculture is expected to summon ADMARC officials to explain the source of income for the purchased vehicle.

Chiphiko no mercy on Admarc financial challenges
Chairperson for the Committee, Sammer Suleiman said this on Sunday, April 17, 2022 in an interview

Suleiman said the committee will invite the Admarc officials soon to the committee meeting to find out the logic behind the move.

He said it is very sad for the corporation to behave that way at the time the institution is struggling financially.

Suleiman adds; “We don’t need such luxury while we are failing to pay salaries and even sustain our business. As a committee we have been fighting for Admarc to get extra funding from government in order to boost its business and to save it from collapsing.

“This is totally the opposite , we seriously lack political will and commitment for this institution”.

Agriculture Development Marketing Corporation (ADMARC) has been struggling to operate due to serious financial crisis and begged the Parliamentary committee to source funds for it’s operation.▪️

Related Posts
DPP Blues Rebels Brings Division In
DPP Blues Rebels Brings Division In

The way Charles Mchacha is castigating the Leader of Opposition in Parliament, Hon Kondwani Nankhumwa, is just testimony enough that Read more

Malawi Freedom Network advice President Banda to fight corruption

If you thought Malawians are lazy people, I bet you a Dinosaur, think twice and you will know, check in Read more

Malawi Government Faulted Over Arrests of Coup Suspects

The recent arrest in Malawi of three opposition politicians accused of planning to unseat President Peter Mutharika is dissent from Read more

Allegations of a coup plot sour diplomatic ties

The US embassy has denied involvement in an alleged plot to overthrow the president, Peter Mutharika. Analysis Media reports that Read more

Other stories

Leave a Reply

Your email address will not be published. Required fields are marked *

Ekhaya luxury Resort fully open