Where is the Ksh 4B Missing from the Treasury?

7 mins read

If President Ruto had any interest in fighting corruption in Kenya as he has been yelling about lately he should have sent investigators to the Treasury where his mafioso buddy Prof. Ndung’u has reportedly been handing out billions of public funds in very ugly theft of public money and the really troubling thing is that from the records provided by the Auditor General this money goes to a network of thieves connected to the government and it seems easy to detect.

Njuguna Ndung'u (left) served as CBK governor from 2007 to 2015.

Ruto re-appointed Njuguna Ndung’u to be the boss of Kenya National Treasury in 2023 after having worked with him since 2013. Keep doing the good work was Ruto’s appeal to Ndung’u.

Now Kenyans know the great work that Ndung’u has been doing at the Treasury and why he is William Ruto’s man at the biggest financial institution for Kenyans.

“Auditor General Nancy Gathungu has lifted the lid on the Ksh.67 billion loss of public funds through fake payments made to pensioners whose realness is also in question.

The performance report by the Auditor General on the fund shows that top civil servants manning the scheme were among others using duplicate IDs to enrol fake claimants, occasioning the loss of taxpayers’ money. 

Officials in the National Treasury are said to have colluded to defraud the pension fund of billions of shillings through the enrolment of non-existent persons or double payments to duplicate bank accounts.

The report has flagged 260,242 fake claimants that have occasioned the loss of Ksh.67.9 billion.

The audit team has noted that, in one instance, 419 persons were enrolled into the pension scheme irregularly and paid Ksh.555.9 million.

As if that was not enough, officials at the Treasury’s pension department paid 273 persons a total of Ksh.26.9 million yet the claimants were registered after the payments were made.

In yet another illustration of irregularities in the pension fund, 962 persons were paid Ksh.1.6 billion even before they exited their jobs, meaning they have been enjoying their pension before their retirement from public service.

Another Ksh.44 billion was paid by the Treasury to faceless individuals without Kenya Revenue Authority (KRA) PIN certificates.

The report that covered the period of pension payments from 2013 to 2020 also revealed that another sum of Ksh.152.8 million was paid to claimants who shared identification cards.

A similar case was detected by auditors of individuals who were paid a total sum of Ksh.20.9 billion but 29,387 of them shared bank accounts where the billions were stashed.

Another 214 other persons were paid Ksh.492 million as pension but upon scrutiny, the individuals were never under the pension scheme.

The report notes serious systemic loopholes in the pension scheme with the majority of the irregularities found in the Ministry of Foreign Affairs, National Treasury, Health, the Department Of Prisons, Transport, Water, Investment and Industry, Social Protection, Judiciary and the Teachers’ Service Commission”

And where is the EACC on this massive theft. This is one issue where the EACC should go to work right away. First have discussions with the Auditor General who is free to share all the data on this massive theft with you. Then come with a plan and take the Kenya Treasury boss head on and do your own audit and establish if crimes have been and are still being committed by creating fake accounts, fake IDs, fake KRA PIN numbers all to rob Kenyan taxpayers of Ksh. 67 billion.

That is why the EACC was created in Kenya and that is what they were supposed to do to make sure that there is no theft of Kenyan tax payer money by people in high offices including the big thieves at State House since our much celebrated 2010 constitution.

Does any Kenyan think the EACC will do that? No. The EACC will be busy arresting Traffic Police officers .

EACC Arrests Traffic Cop For Demanding ‘Forgiveness Fee’ To Release Matatu
EACC arrests traffic cop for demanding 'forgiveness fee' to release matatu

“The Ethics and Anti-Corruption Commission (EACC) on Friday arrested a traffic police officer based at Kakamega Police Station who impounded and detained a matatu for allegedly picking passengers from an undesignated area and subsequenty demanding to be paid a “forgiveness fee” to release the vehicle. 

The suspect is being detained at Bungoma Police Station pending further action. 

According to EACC, the suspect, popularly referred to as ‘Denno’ within the matatu sector in Kakamega, was notorious for impounding vehicles without booking them then asking for bribes to release them.”

So yes the EACC will get Traffic Cops arrested and get them charged for a bribery of Sh. 200 but the EACC will never ever go after the State House master criminals killing the country and stealing hundreds of billions of Kenyan tax money.

It is the thieves at State House at every stage in our country who own and control the EACC. So we can forget about any hope from the EACC.

But I would suggest to our friends in the human rights movements like Kenya Human Rights Commission (KHRC) and the Kenya National Commission on Human Rights (KNCHR) to take this matter up.

Put a team together and go to the Auditor General and get all the data they have on this massive theft of public money. Ask the AG to make any information they have public so Kenyans know what is really going on.

Then our human rights groups can bring the data and the magnitude of this madness to the Kenyan public and Kenyans will take it from there.

Adongo Ogony is a Human Rights Activist and a Writer who lives in Toronto, Canada

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