Loans Board Chief Executive Officer, Prince Phwetekere has confirmed a 3 months amnesty to all former University of Malawi students to settle their loans.

Phwetekere has threatened to name and shame all those who defaulted the loan by publishing their names in the papers if they fail to do so.

Meanwhile, Veteran journalist, Mzati Nkolokosa, who benefited from the loan and paid back, has commended the decison saying it deprives others of their education through the loan.

” It feels good to pay back the loan as not doing so is depriving someone of their education through a loan,” Nkolokosa said.