Sharp Daily
No Result
View All Result
Friday, June 12, 2026
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Bail granted to Bomas of Kenya CEO facing procurement irregularity charges

Brenda Murungi by Brenda Murungi
April 29, 2024
in News
Reading Time: 1 min read

Bomas of Kenya’s CEO, Peter Gitaa Koria, has been granted bail amounting to Sh 1 million after refuting allegations of procurement irregularities totaling KES 8.6 million. Koria made his appearance before Milimani Anti-corruption Chief Magistrate, Thomas Nzyuki.

The accusations, according to the prosecution, spanned from December 29 to June 30, 2021. It is claimed that Koria, in his capacity as CEO and Accounting Officer of Bomas of Kenya, deliberately disregarded procurement laws.

He stands accused of conducting procurement activities without an approved budget, particularly concerning various tenders during the financial period of 2020/2021.

Specifically, Koria is alleged to have engaged in irregularities in awarding public tenders for items such as kitchenware, utensils, plates, cups, and cutlery, which were not included in Bomas of Kenya’s Budget and Procurement Plan for the fiscal year 2020/2021.

RELATEDPOSTS

Strengthening accountability to break Kenya’s corruption cycle

February 13, 2026

Budget cuts weaken Kenya’s fight against money laundering

January 19, 2026

The prosecution did not contest his release on bond. Magistrate Nzyuki granted Koria a bond of KES 5 million and required one surety of similar value.

Alternatively, Koria could deposit a cash bail of KES 1 million. Additionally, the court mandated the surrender of his travel documents and warned against tampering with witnesses.

Furthermore, the court imposed restrictions on Koria, prohibiting him from leaving the jurisdiction of Kenya without prior authorization.

Nzyuki instructed the prosecution to furnish Koria with copies of the charge sheet, witness statements, and any other pertinent documentary evidence to be utilized during the trial.

Previous Post

Flash floods claim lives in Mai Mahiu

Next Post

OPINION: Why Ruto must declare the floods a national disaster

Brenda Murungi

Brenda Murungi

Related Posts

News

June 12, 2026
News

Where Fintech Companies Actually Make Their Real Profits: Beyond Payments and Transaction Fees

June 12, 2026
News

Why Revenue Growth in Fintech Can Be Misleading: The Hidden Economics Behind Digital Payments

June 12, 2026
News

Finance bill 2026: key tax reforms and economic impact in kenya

June 12, 2026
News

INVISIBLE TRANSACTIONS: THE FUTURE OF PAYMENTS

June 12, 2026
News

Kenya’s Growing Reliance on Domestic Borrowing: Opportunity or Crowding-Out Risk?

June 12, 2026

LATEST STORIES

June 12, 2026

Where Fintech Companies Actually Make Their Real Profits: Beyond Payments and Transaction Fees

June 12, 2026

Why Revenue Growth in Fintech Can Be Misleading: The Hidden Economics Behind Digital Payments

June 12, 2026

Finance bill 2026: key tax reforms and economic impact in kenya

June 12, 2026

INVISIBLE TRANSACTIONS: THE FUTURE OF PAYMENTS

June 12, 2026

Kenya’s Growing Reliance on Domestic Borrowing: Opportunity or Crowding-Out Risk?

June 12, 2026

Family Bank’s NSE Listing: A Long-Overdue Milestone for Kenya’s Capital Markets

June 12, 2026

Kenya’s Small Banks Given Until 2032 to Meet Kshs 10 Billion Core Capital Requirement

June 12, 2026
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024