Disclosing this during a national address on Sunday evening in Lilongwe, Chakwera said there will be no sacred cows in his Administration's fight against corruption.
"Even though the Minister has returned the money, his usage of the funds means that the money was unavailable for its intended purpose when it was needed most," he said.
He said at the time of the address, over a dozen people had been arrested for their suspected involvement in the plunder of K6.2 billion COVID 19 funds.
"...I can assure all of you that there is no place on earth where these criminals will hide," said Chakwera in part.
While commending people in the country for their active citizenship in fighting the vice, Dr. Chakwera assured of his Government's resolve in locating anyone involved for the law to take its course.
He said the audit report marks the beginning of many more to come on the use of public finances.
Dr. Chakwera has further directed that all public officers under whose watch the abuse of COVID-19 funds occured be suspended without pay.
He said all companies and individuals named in the audit report must stop supplying goods and services to government with immediate effect.
President Chakwera has further asked the judiciary to expedite the trial of those named in the report, while declaring war on everyone involved in defrauding government.
"If you are in that boat, then you can count me and my Administration your enemies, because I will fight you until you are defeated, no matter how long it takes."
Dr. Chakwera has since described those who scheme to defraud Government as traitors fit for jail.
"Mark my words, if the finger of evidence points to you as one of the thieves who stole COVID money for saving lives while hundreds of our people were dying of COVID, you are going to prison," he added.