By Chisomo Phiri
National Oil Company of Malawi (NOCMA) Chief Executive Officer (CEO) Clement Kanyama has clarified that no financial transactions have been made for the two controversial fuel deals.
The deals involve importing 100,000 metric tons of fuel from Sheikh Saud Bin Alqasimi of the United Arab Emirates (UAE) and 40,000 metric tons from G.E.T. Global.
Speaking at a press briefing in Lilongwe on Sunday,Kanyama ensured that NOCMA is following the proper procedures to avoid any confusion.
He also mentioned that the Public Procurement and Disposal of Assets Authority(PPDA) denied the No Objection for the UAE deal.
Kanyama said:”We are yet to receive a license from Mera and sign a hospitality agreement for the Ministry of Transport and Public Works and G.E.T. Global contract, which is on concessionary terms.
“We have not conducted verification work with entities storing the product, including obtaining confirmation on the bank accounts that will receive payments for onward processing to the supplier.”
Government through Ministry of Transport and NOCMA is being accused in the manner it is handling these proposed fuel deals with some quarters arguing some critical public procurement requirements were not followed.
 Chief Executive Officer (CEO) Clement Kanyama has clarified that no financial transactions have been made for the two controversial fuel deals.…){kind=link}