Mr. Banda has however stated that his immunity should not be removed out of malice, but only when strong evidence is provided to warrant his prosecution.
He has called for the truth and not unsubstantiated claims that he mismanaged the country while serving as president of Zambia.
In his farewell speech as MMD president during a press briefing at his residence in Lusaka today, Mr. Banda stated that he has nothing to hide because his record is clean.
Mr. Banda has however reminded the current PF government that they will one day leave office and the same treatment might be served on them.
He has further revealed that he enjoyed working for the people of Zambia.
He has called on Zambians to move forward in the different sectors of the economy.
Meanwhile, President Banda has justified his decision to relinquish the MMD party presidency earlier than expected.
He says he has decided to step down as president following the invitation he has received from Boston University’s African presidential archives and research center in the United States of America to provide various lectures.
He says the programme will require him to be out of the country for a period of three months.
He explained that at first, the university wanted him to be in USA for one year, but that because of the commitments in the country he couldn’t be out for that long.
Mr Banda says he has found it prudent to take up this new assignment which will require his time and energies during this period.
The former president restated that as earlier promised after the 2011 elections, he would leave the MMD to the younger generation to lead.
He revealed that the Boston University programme begins at the end of the month of March.
President Banda emotionally thanked his predecessors for serving the party with diligence.
He has also thanked every member of the party for the love and respect he was accorded to serve as MMD and republican president.