By Jacob Juma
This boy Itumbi is playing with fire! Let him address facts relating to US$2.75 billion sovereign Bond:
1).Whether it is Lawyers who received the bond on behalf of GoK,
2)The movement of these Sovereign bond funds,
3).The beneficiaries etc.
He is feeding Kenyans a table of development budgetary estimates of Ministries for the last financial year instead of explaining various components like he explained on the payment of US$600 million Syndicated loan.
l have explained my report in detail and I will table the accurate reports from KROLL Associates on every cent’s movement of this
Sovereign transaction.Truth CANNOT be hidden.ltumbi should lie to small boys of his level but not Kenyans.
Finally,if it is true that the money was spend on government projects,why wasn’t it
NOT deposited in Consolidated Fund Account?Why didn’t Treasury seek the approval of Director of Budget before spending the money as stipulated by the constitution and Finance Act?Why was the money spend in secrecy?