By G Nyongesa
They (Treasury mandarins) are getting scared of Kenyans petition to President Barack Obama. CS Henry Ritich has now hot a retreat and now conforms that 50% of the EUROBOND Proceeds was not wired back to Kenya and that it is still in New York.
Well, didn’t he tell Kenyans that all the money was wired here and allocated?
CS Rotich’s utterances means that if Kenyans put pressure on then the allegedily stolen Eurobond money can be brought back to save the economy.
The panic in Treasury is a result of Central Bank of Kenya Governor who has maintained silence of the issue of the Eurobond and is said to be keen to confirm to the public what exactly happened , this what worrying top treasury and statehouse operatives.
The Eurobond scandal was first brought to attention of the public via a report by Director of Budget who question the legality of offshore accounts and confirmed she did not approve the transfers to the offshore accounts.
None of the 2 billion Dollars raised in the country’s inaugural Eurobond have been lost. This is the emphatic response from treasury cabinet secretary Henry Rotich on allegations that up to 50% of the Eurobond proceeds were not remitted to the country, and are instead sitting in the New York Federal Reserve.