CCM-PPM Demands NOCMA Board Dissolution Over K700 Million Transfer

Suleman Chitera
August 27, 2026
Estimated read time 3 min read
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By Suleman Chitera

The Concerned Citizens of Malawi – People Power Movement (CCM-PPM) has called for the immediate suspension of NOCMA Public Relations Officer Raymond Likambale and the dissolution of the National Oil Company of Malawi (NOCMA) Board following the alleged fraudulent transfer of US$403,605.63, equivalent to about K700.6 million.

The demands come after the arrest of NOCMA Deputy Chief Executive Officer Miklas Reuben and Senior Operations Manager Thokozani Jacob Sesani in connection with the disputed transaction.

In a statement signed by CCM-PPM Executive Director Edward Kambanje, Secretary General Prince Mattaka and senior member Oliver Nakoma, the movement said the arrests raise serious questions about internal controls and accountability at the state-owned fuel company.

According to CCM-PPM, the developments suggest that the loss cannot simply be dismissed as an external cyber incident, arguing that there may have been serious institutional negligence or internal weaknesses that enabled the transaction.

CCM-PPM Questions NOCMA Public Statements

The movement has also accused NOCMA’s public relations office of misleading the public over the circumstances surrounding the missing funds.

CCM-PPM questioned comments reportedly attributed to NOCMA Public Relations Officer Raymond Likambale that no government money was lost and that any hacking incident occurred on the side of Mozhandling.

The organisation said the arrest of senior NOCMA officials warrants a more comprehensive investigation into what happened, including the movement of the funds and the systems used to authorise the transaction.

CCM-PPM further questioned why NOCMA allegedly took about three months to disclose the loss, saying the delay raises additional concerns about transparency and institutional accountability.

Calls for ACB and FIA Investigation

CCM-PPM has called on the Anti-Corruption Bureau (ACB) and the Financial Intelligence Authority (FIA) to join the police investigation.

The movement wants the authorities to trace the allegedly transferred funds and establish whether any NOCMA employees or other individuals were involved in facilitating the transaction.

It has also urged investigators to establish how the transaction was authorised, identify any weaknesses in NOCMA’s internal controls and determine whether there were internal accomplices.

Parliament Asked to Probe NOCMA Transaction

CCM-PPM has further called on Parliament’s Public Accounts Committee to conduct public hearings into the transaction.

The movement says Parliament should scrutinise how the money was transferred, NOCMA’s response to the incident and the measures taken to protect public funds.

It has also demanded the full recovery of the allegedly lost funds, saying those responsible must be held accountable.

The controversy follows growing scrutiny of NOCMA over the alleged US$403,605.63 transfer, with the arrest of two senior officials placing renewed focus on the company’s financial controls, oversight and accountability.

Authorities have yet to establish through the ongoing investigations the full circumstances surrounding the transaction and whether the allegations made by CCM-PPM will be substantiated.