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KingBossi Investment company , a Malawi-based motorcycle dealer and importer whose CEO is named as Siza Ngomero, has been linked to the circumstances surrounding the seizure of US$1,141,735 in cash from two Tanzanian nationals, with information obtained by Cables indicating that approximately US$1,141,635 of the money was genuine United States currency.
The remaining US$100 note, bearing serial number CJ61755038A, was confirmed by the Reserve Bank of Malawi (RBM) to be counterfeit, according to findings.
The two Tanzanian nationals, Paschal Nyanda Francis and Sanda Ellias Donald both connected to KingBossi-Zofa in Malangalanga opposite Tam Tam Bus depot are facing charges of money laundering and illegal possession of foreign currency.
The matter is currently before the Chief Resident Magistrate’s Court in Mzuzu under Criminal Case No. 496 of 2026.
Information indicates that the suspects told authorities that the money had been collected from another individual whose identity has not been disclosed and is reportedly a Zambian national and works for Kingboss Zambia.
Sources familiar with the investigation further indicate that the suspects revealed that KingBoss Investment is connected with the circumstances surrounding the money, although the precise nature of the company’s alleged connection and whether the company itself is accused of any criminal wrongdoing remains subject to investigation and determination by the courts.
The money moved from Zambia into Malawi before it was destined for Tanzania, where it was supposed to be deposited.
The source of the money and supporting documentation demonstrating its legitimate origin have, according to information available to Cables, not yet been satisfactorily presented to investigators.
A travel trail reconstructed by investigators shows that the suspects travelled from Lilongwe to Dzaleka, then to Kasungu Boma, before proceeding towards Kapiri, Mchinji Boma and ultimately Mwami Border, where the handover of the cash took place.
The route has raised questions about the movement of such a large amount of foreign currency across several locations before the money was intercepted.
Cables understands that the case is expected to be referred to the Lilongwe High Court, as financial-crime matters of this nature are handled through the appropriate High Court jurisdiction.
The prosecution is expected to rely on financial investigations, the RBM’s currency examination and other evidence concerning the origin, movement and intended destination of the money.
KingBoss is a known motorcycle business in Malawi. Public trade data records identify KingBoss Investment as a Malawi-based importer, with China listed among its principal sourcing markets and motorcycles among the products it imports.
The company has also maintained a visible commercial presence in Malawi’s sports sector.
In April 2026, Mighty Wanderers announced a US$114,000 (approximately K200 million) season-long commercial sponsorship with KingBoss, with KingBoss Chief Executive Officer Siza Ngomero quoted during the signing ceremony.
Cables will continue to follow the case .
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