A group of business people who applied for National Economic Empowerment Fund (Neef) loans in Mzuzu tstormed office premises for the government-owned microfinance firm demanding their deposits back.
According to one of the people, Kissa Thindwa, they are asking for their money back because it is taking long for the firm to give them the loans.
Thindwa told Nation Online that Neef officials had called for a meeting, which took place on Tuesday, only to tell them that the firm does not have money for the loans.
She said: “They said we should transfer to a World Bank Project, which is another long process and not for small businesses.
“We are demanding our savings back with interests, because they [Neef] have benefitted from the money.”
Neef public relations officer Whyton Kapasule could not comment further on the issue as he was yet to gather more information.
He said: “Currently the regional officer for the north is in Likoma for other duties and we are trying to establish what happened for things to reach this far. ”
Police move to protect persons with albinism
Malawi Police Service has engaged traditional healers in Mwanza on how to protect persons with albinism in the district. Speaking Read more
MARTHA CHIZUMA DECLARES WAR AGAINST CHAKWERA: SAYS PRESIDENT, JUDICIARY, ARMY AND POLICE CORRUPT
In a shocking tale to absorb, ACB boss Martha Chizuma has taken her corruption fight against her bosses, openly going Read more
Police in Chitipa district have arrested Kayange who poured hot water on her husband
According to Chitipa Police PRO Gladwell Simwaka, on March 7, 2022 the victim Blair Kuyokwa, 35, returned home in the Read more
Lilongwe Police recover stolen items
Police in Lilongwe have for the second time this month recovered household items and other property worth over 23 million Read more
Police at Bangwe in Blantyre have arrested three suspects
*Police at Bangwe in Blantyre have arrested three suspects and recovered some items they allegedly stole at Namiyango Assemblies of Read more
CSO SPEAKS AGAINST Anti-Ashok Nair Demos: Says they are ‘Criminal’ in Nature
The Citizen Advancement for Economic Revolution has described the anti-Ashok Nair demonstrations scheduled for tomorrow Wednesday as criminal in nature. Read more
M’tengo wa pakete imodzi ya shuga, tsopano ukumafanana ndi wa bread m’modzi
Izi zadza chifukwa bread wakwela mtengo kufika pa 1 000 Kwacha m'modzi , m'magolosale ena. Akuluakulu ena omwe ali ndi Read more
Police Summon Gaffar Over Death Threats
Details have emerged indicating that Malawi Police has summoned Rafik Gaffar of R Gaffar Transport for series of death threats Read more
Wife Follows Husband To Prison For Permitting Defilement Of Her Daughter
A 36-year old mother Maimuna Kassim who hails from Mikundi Village in the area of Traditional Authority Mponda, in Mangochi Read more
Three sentenced to 4 years imprisonment with hard labour over the offence of fraud.
has sentenced three people to 4 years imprisonment with hard labour over the offence of fraud.
