Sharp Daily
No Result
View All Result
Wednesday, May 14, 2025
  • 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

Controller Of Budget ‘Forced’ To Transfer KSh 15.5 Bn Before Elections

Benson Muriithi by Benson Muriithi
March 8, 2023
in News
Reading Time: 2 mins read
Budget

[Photo/ Courtesy]

A big shock to Kenyans as Dr. Margaret Nyakang’o, Controller of Budget, revealed to the Parliamentary Public Petitions Committee on Tuesday that she was ‘forced’ to sign out Ksh 15.5 bn a few days to the election.  

The Controller of Budget claims she was put under duress to sign out Ksh 6.0 bn for buying Telcos and an additional Ksh 9.5 bn from the annuity fund just days to the 9th August 2023 elections.

These claims were followed by shocking revelations of a WhatsApp conversation where someone purporting to be the former Treasury CS, Ukur Yatani, requested that the funds be approved in less than an hour by the orders of the former president, Hon. Uhuru Kenyatta. Dr. Margaret claims that she eventually obliged and approved the funds.

Read: CBK, Controller Of Budget To End Counties’ Financial Mischief In New Deal

RELATEDPOSTS

Kenya’s moral commitment amid the rising refugee population

May 12, 2025

Kenya’s import cover hits 5.1 months as forex reserves surge

March 19, 2025

When the Controller of Budget was asked why she could not say no to the requests, she replied, “it is not a black-and-white, yes-and-no” situation. She continued to defend her actions and said that there are many things that she weighed before arriving at the decision and that her office needed to be protected as she had poked holes into the integrity of the previous government. 

This incident unfolds at a time when Kenya is experiencing high cost of living attributable to the high inflation rate and a subsequent drought in Kenya. 

Should Kenyans concentrate on the high cost of living or chase billions alleged to be lost among corrupt leaders? Think about that!

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Government looking For long Term Securities To Ease Domestic Debt 

Next Post

Insecurity In North Rift Is An Economic Problem

Benson Muriithi

Benson Muriithi

Related Posts

Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025
News

Leadership challenges at the University of Nairobi

April 24, 2025
News

Easter eggs and earnings: Growing your nest egg with CMMF

April 16, 2025
News

Geoffrey Ruku declares KES 377M net worth during CS vetting

April 15, 2025
News

Butere girls teacher accused of altering play script with political content

April 14, 2025

LATEST STORIES

Retirement planning for non-salaried workers with CPRBS

May 14, 2025

How AGOA and EPZs can transform Kenya’s trade

May 14, 2025

Safaricom forecasts earnings boost as Ethiopian losses shrink

May 14, 2025

Why Kenya must rebuild it’s textile legacy

May 14, 2025

Structuring private equity deals in Kenya

May 13, 2025

Money market funds: Smart saving and investing in Kenya

May 13, 2025

Kenya in May: Safari, coastline & deals you shouldn’t miss

May 13, 2025

Public Health Spending expected to grow in line with ethical development goals

May 13, 2025
  • 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