Sharp Daily
No Result
View All Result
Monday, April 20, 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

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 15% minimum tax on multinationals: What it means and why it matters

April 20, 2026

Betting on cities: Why Africa’s urban growth Is becoming an investor magnet

April 10, 2026

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

The role of dividend policy in investment decision-making

April 20, 2026
News

Kenya faces sharp fuel price spike and policy response

April 17, 2026
News

Startup funding options in Kenya

April 17, 2026
News

The risks of scaling too fast in business

April 17, 2026
News

Kenya seeks rapid world bank support to shield economy from Iran war shock

April 17, 2026
News

Kenya’s expressway push: can new roads unlock growth or deepen the toll debate?

April 17, 2026

LATEST STORIES

Kenya’s 15% minimum tax on multinationals: What it means and why it matters

April 20, 2026

M-Pesa drives surge in NSE retail trading

April 20, 2026

The role of dividend policy in investment decision-making

April 20, 2026

Why your account may be flagged by kenya revenue authority (KRA)

April 17, 2026

Kenya faces sharp fuel price spike and policy response

April 17, 2026

The hidden cost of inflation on Kenyan retirement funds

April 17, 2026

Startup funding options in Kenya

April 17, 2026

The risks of scaling too fast in business

April 17, 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