Friday, December 6, 2024 – Controller of Budget Margaret Nyakang’o has exposed governors with multiple bank accounts which they allegedly stash their 'loot'
This comes as governors continue
to defend their move to have several bank accounts some of which they cannot
even explain.
According to Nyakang’o in
Bungoma, Governor Ken Lusaka is running 300 bank accounts that the report says
are suspicious since they are not under the Central Bank of Kenya.
Governor Benjamin Cheboi's Baringo County ranks second after Bungoma, operating 292 bank accounts, including 256 reportedly for health facilities.
Other counties operating unlawful
accounts in multiple commercial banks include Elgeyo Marakwet County (155 bank
accounts), Kajiado (50), Embu (46), and Kakamega (44), while Kwale and Migori
are operating 64 and 76 bank accounts, respectively.
“The county government uses
commercial bank accounts to operate the above-established funds contrary to
Regulations 82(1)(b) of the PFM (County Governments) Regulations, 2015, which
requires that County Government bank accounts must be opened and maintained at
the Central Bank of Kenya,” notes Nyakang’o in her report on Baringo County.
The move has triggered a series
of questions, especially from Senators, who want to know the truth about the
fictitious accounts.
The Kenyan DAILY POST
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