JUST IN: No Public Money Lost: Treasury Clarifies Alleged Ksh 1.3 Trillion Irregular Withdrawals
The National Treasury has dismissed media reports alleging irregular withdrawals of Ksh 1.3 trillion from the Exchequer over seven months, assuring the public that no money has been lost or misappropriated. In a statement on Sunday, National Treasury Principal Secretary Chris Kiptoo refuted the claims, emphasizing that all transactions have followed due process. He explained that the government is in the process of automating the Exchequer system to enhance efficiency and oversight. However, some transactions—such as debt payments, county allocations, the Judiciary Fund, and the Equalisation Fund—still require separate approval procedures and have not yet been fully integrated into the
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