The Directorate of Criminal Investigations (DCI) has arrested high-ranking officials of the Kenya National Trading Corporation (KNTC) and banking executives in connection with a KES 16.5 billion investigation into the importation of edible oil.
A DCI official revealed that the arrested officials, including the bank executive who facilitated financial support for the transaction, are providing detailed statements on the matter. The DCI is examining the potential misappropriation of taxpayer funds and scrutinizing the methods employed by KNTC in obtaining the funds. Additionally, they are investigating the transparency and accountability of the importation of various food items, including edible oils, sugarcane, and others.
Once the investigation concludes, the DCI is expected to submit the case file to the Office of the Director of Public Prosecutions (ODPP). The Ethics and Anti-Corruption Commission (EACC) is also conducting an inquiry, revealing concerns that Kenyans may have lost KES 16.5 billion due to tax waivers.
Former Trade Cabinet Secretary Moses Kuria defended the deal earlier this year, claiming it was conducted with the utmost integrity. Recently, Members of Parliament (MPs) questioned Agriculture CS Mithika Linturi about the importation saga, seeking assurance of value for money in the importation of food items such as rice, sugar, and maize.
Amid rising concerns over the high cost of living, soaring fuel prices, and increased taxation, the ruling coalition faces new challenges. Treasury CS Njuguna Ndung’u is the latest government official to face MPs’ dissatisfaction, with the threat of removal from office by the National Assembly’s Public Investments Committee on Energy and Commercial Affairs if the ministry fails to stabilize the depreciating shilling.
The threats to impeach certain Cabinet Secretaries expose behind-the-scenes power struggles within the Kenya Kwanza administration. The arrest of KNTC and banking officials in connection with the KES 16.5 billion edible oil import investigation underscores the ongoing efforts to combat corruption and ensure financial accountability in Kenya. The DCI and EACC investigations are crucial steps in guaranteeing effective and responsible utilization of taxpayer funds. Moreover, the concerns over the high cost of living, fuel prices, and taxation emphasize the government’s need to address these issues and implement measures to ease the burden on Kenyan citizens.
