The EACC has asked the public to provide information in relation to the Sh250 billion Eurobond fund for purposes of an investigation.
"Any person with relevant and crucial information in relation to the floating and utilisation of funds obtained should visit the commission's office, said CEO Halakhe Waqo.
Waqo said on Friday that the information can also be submitted through the website of the Ethics and Anti-Corruption Commission.
This comes after DPP Keriako Tobiko ordered the CID and EACC to interrogate all parties involved with the fund and submit the files within 10 days.
Tobiko gave the directive on Wednesday saying the persons should be interrogated, statements recorded and all evidence obtained for his perusal and subsequent action.
Cord leader Raila Odinga and Treasury CS Henry Rotich continue to engage in an exchange over the proceeds, Raila saying it is missing but Rotich insisting it was fully accounted for.
In his latest response on Friday, Raila lashed out at Rotich, who had told him to "stop peddling lies", which he said affect investments.
He decried "mischief and desperation meant to hoodwink the public", claiming the CS's explanation of the spending was a reproduction of budget entries he had sent the Treasury in his demand for answers.
"The Treasury reproduced the same entries from the budget out-turn that we used to demonstrate this, but omits the understatement of domestic borrowing," he said in a statement to newsrooms.
The Cord leader said without the understatement of domestic revenue, the government’s accounts will not balance.
He explained that the Treasury reported a development expenditure of Sh508 billion for the 2014/15 financial year, comprising Sh266 billion domestic and Sh240 billion foreign financing.
"In terms of foreign financing, it shows disbursement of project and programme loans of Sh220 billion and external grants of Sh27 billion. In effect, all externally financed development expenditure is accounted for without the Eurobond," he said.
"The only item that the Eurobond proceeds financed in financial year 2014/15 as per the Treasury’s financial report is external debt amortization (repayment of principal) to the tune of Sh75 billion. This and the Sh35 billion the Treasury records as spent in financial year 2013/14 totals Sh110 billion, leaving Sh140 billion unaccounted for."
Rotich had earlier explained that of the Sh250 billion Eurobond money, Sh35 billion was spent in the 2013/14 financial year as "commercial financing".
"The remaining amount of Sh140.5 billion from the initial sovereign bond and the Sh75 billion from the tap sales were used in financial year 2014/15," he said during a press conference at his office on Friday.
But Raila insisted that the ministry should explain the "glaring accounting anomalies" adding that a value-for-money audit should be instituted to look into expenditures.
"Each ministry that received Eurobond money should be able to explain how it was spent and show the projects the money was spent on," he said.
Comments
Post a Comment