By Chisomo Phiri
Suspended National Economic Empowerment Fund (NEEF) Chief Executive Officer Humphreys Mdyetseni and Department of Irrigation engineer Anderson Mbozi were on Monday February 16,2026 granted bail by the Lilongwe Senior Resident Magistrate’s Court after being formally charged with abuse of office and money laundering.
Mdyetseni is facing two counts of abuse of office, while both he and Mbozi are jointly charged with one count of money laundering.
The State alleges that Mdyetseni laundered about K11 billion between April 2024 and 2025.
The abuse-of-office charges relate to the alleged unfair dismissal of his personal assistant, Prisca Mtewa, who reportedly received K150 million, as well as the purchase of two buildings valued at K1.6 billion each without following proper procurement procedures.
In court,Defence lawyers George Jivason Kadzipatike and Jefferson Luwa applied for bail.
Principal State Advocate Festus Sakanda, assisted by Mphatso Partridge, did not oppose the application but asked the court to impose strict conditions, including the surrender of travel documents and disclosure of registered property.
Presiding magistrate Shukulani Kumbani granted bail, ordering each accused to pay a K1 million cash bond, provide one surety bonded at K10 million, declare property worth at least K80 million, surrender travel documents, and report to police every fortnight.
Meanwhile, Luwa said the defence is ready to proceed with trial after the court directed the State to provide disclosures by March 16,2026.
Mdyetseni was appointed NEEF CEO in 2020 and oversaw the institution’s transition from the former Malawi Enterprise Development Fund(MEDF).