The stolen Sh1.55 billion ended up in individuals’ accounts and was partly used to buy residential and commercial buildings in Nairobi, Machakos and Uasin Gishu counties.
By
Sam Kiplagat
Court Reporter
Nation Media Group
Some senior officials of the National Treasury and their cronies have been hit with asset seizures, including buildings and bank accounts, after investigations unearthed the embezzlement of more than Sh1.55 billion from a UN agency-backed rural financial inclusion programme, in a series of transactions including transfer of funds to personal accounts.
Lawmakers question decision to transfer key State agencies to NIF without proper approvals.
Molo MP Kuria Kimani, who chairs the Finance and Planning Committee, said executing costly structural renovations on a property…
Arrest of Nairobi Chief Officer Patrick Analo once again shines spotlight on growing culture of impunity.
The officials are accused of unlawfully investing SACCO funds outside its core mandate belonging to teachers’ union.
The magistrate issued summonses for three other officials who failed to appear in court.
The suspects denied 68 charges, including theft, money laundering and forgery, linked to alleged withdrawals from a customer’s…
