Former President Mwai Kibaki entangled in Sh36M debt troubles

Former President Mwai Kibaki facing debt troubles

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Former President Mwai Kibaki's office has been accused of accumulating rent arrears amounting to Sh36 million and failing to settle the debt even after it vacated the premises.

According to a report by the Auditor General, the office of the third president of Kenya did not pay rent for the three years it was stationed at the Kenyatta International Convention Centre (KICC).

The KICC office was occupied by former President Kibaki's private secretary, one Prof. Nick Wanjohi.

"Available information indicates that the corporation's 18th floor was occupied by the Private Secretary to the third President for July 1, 2013 to July 1, 2016 accruing a total debt of Sh36,092,972 though no lease agreement was availed for the audit review.

"The likelihood that the debts will be recovered remain doubtful," the report by the AG read in part.

KICC losing over Sh900 million

The building managed by President Uhuru Kenyatta's niece, Nana Gecaga, is said to be owed over Sh900 million with 76% of the amount being three years old.

"In particular, the National Assembly owes Sh47,311,344 and which has been outstanding for a considerably long period of time.

"In view of the foregoing, it has not been possible to confirm the accuracy and recoverability of trade and other receivables balance of Sh908,062,000 as at June 30, 2018," the report concluded.

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