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HERE are THREE CRITICAL QUESTIONS yet to be Answered by Treasury regarding EUROBOND

HERE are THREE CRITICAL QUESTIONS yet to be Answered by Treasury regarding EUROBOND

April 22, 2016 Leave a Comment

By Noah Akala
Late last year, in the heat of the Eurobond saga, Treasury CS Henry Rotich invited Raila Odinga to address any concerns the ODM Party Leader may have had regarding the international loan taken on by the Govt.

Raila Odinga responded by explaining that he was not seeking clarification on his own behalf but on behalf of the general public whom he currently serves as Leader of Opposition and Defender of Public Interest. He put it forward that in this public interest, Rotich ought to have published the relevant details in the daily newspapers for all to scrutinize.

Later on, further details emerged about the Eurobond prompting Raila Odinga to write to the CBK Governor seeking an appointment. Raila Odinga sought proof from the Governor that the money had indeed come into the country and had not been diverted into private coffers.

As you can see in the attached correspondence, the CBK Governor now says in many words that Eurobond is a Jubilee “secret.”
Let Kenyans judge for themselves..

Important questions we all ought to be thinking about:

-Who withdrew 35Bn from the Eurobond Account in the US the Monday after it matured even before the syndicated loan was repaid? Where did this 35Bn go?

-Why did the money go into a “nameless” private bank account instead of the Consolidated Fund as provided for in the Public Finance Managememt Act of 2012 which for your information, has a dollar account.

-Why has the President not appointed a CBK Board meant to oversight its operations to date?

-What is the relationship between the President, CBK Chairman Mohamed Nyaoga and the Bank of Qatar? What role did this bank play in the Eurobond affair?

Then some fellow who earns 1.5 walks around in harambees giving 50 million per month telling you he is very generous; majamaa wamekula pesa zenu na wanakupaka rangi ukiona!
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Filed Under: Opinion

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