Youth Decides asks ACB to investigate NEEF

By Andrew Kadzonda:

Youth Decides Organization has asked the Anti-Corruption Bureau to investigate the National Economic Empowerment Fund (NEEF) employees over corrupt allegations.

Speaking during a press briefing held in Lilongwe on Friday, the network Director Charles Kajoloweka said there is a lot of corruption practices at NEEF which many employees are involved in during loan distribution.

He called on the graft busting body to institute investigations within 14 days.

Kajoloweka said K450 million was misallocated and K89 Million was disposed off without any determination.

He said in Machinga, politicians are the one distributing NEEF loan application forms mainly to their party supporters while leaving those who are in need of the funds behind, which is contrally to the youth manifesto.

Kajoloweka demanded an explanation on how the employees were recruited saying politics were at play during the process.

Malawi Enterprise Development Fund (MEDF) was rebranded to NEEF to reflect the government’s aspirations towards Malawians.

In the 2020/21 budget, the company was allocated K40.0 billion and Minister of Finance Felix Mlusu said the amount will gradually be increased to K75.0 billion.

Mlusu said following the increased allocation, Government is expected to support the creation of 200,000 enterprises run by the youth and women.

“These enterprises in turn are expected to create over 600,000 jobs which will result in an increased tax base and improved welfare of our people,” he said.

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