Sharp Daily
No Result
View All Result
Tuesday, August 26, 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

Why firms are shedding jobs despite survival

June 19, 2025

Opinion: Austerity wrong medicine for Kenya’s economy.

June 16, 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

News

Kick financial goals: Invest with CMMF this football season

August 22, 2025
commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025

LATEST STORIES

Bank on your paycheck: Invest smart with CMMF

August 26, 2025

Finding Balance: My Journey with Internet Self-Care

August 22, 2025

Why Young Kenyans Cannot Afford to Ignore Private Pensions

August 22, 2025

Strategies for Nairobi to emerge as Africa’s financial hub

August 22, 2025

Understanding NSSF and the Two-Tier Contribution System

August 22, 2025

Kick financial goals: Invest with CMMF this football season

August 22, 2025

AI and the future of investment research

August 22, 2025

Why private credit gaining traction in emerging markets

August 21, 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