The sports category has moved to a new website.
ADVERTISEMENT

Ukur Yatani, Joseph Kinyua summoned over suspicious Sh6B deal

The decision to summon was made during a sitting by the panel on Thursday, March 16

Former Treasury CS Ukur Yatani

Former National Treasury Cabinet Secretary Ukur Yatani has been summoned by Members of Parliament to explain his involvement in the controversial Sh6 billion Telkom Kenya buyout.

Yatani, who served during the tenure of retired President Uhuru Kenyatta, will appear before the joint Departmental Committee on Finance and Planning, as well as the Committee on Communication, Information, and Innovation.

Another official summoned to respond to the queries is former Head of Public Service Joseph Kinyua. The MPs' decision was reached during a sitting on Thursday as the investigation enters a critical phase.

The probe aims to establish how the government made payments to allegedly buy Telkom shares from private entities days before the last general election.

ADVERTISEMENT

Several government officials, both current and former, have been summoned to appear before the joint panel following Controller of Budget Margaret Nyakangó's revelation that she was coerced by Uhuru's associates to authorize the payments.

Despite the Treasury acquiring a 60% stake in Telkom Kenya from UK-based Helios Investment Partners for Sh6.09 billion, making the company fully state-owned, the purchase was one of the many expenditures that the Treasury incurred without Parliament's approval.

Telkom Kenya denied involvement in the acquisition, stating that it had neither received nor disbursed any funds relating to the exit of Jamhuri Holding Limited (JHL) and is therefore unaware of any details of payees, account particulars, and amounts paid.

ADVERTISEMENT

Yatani is the first Cabinet Secretary from the previous administration to be summoned to provide explanations regarding actions taken during their term in office.

This is the second time Ukur Yatani is being implicated in a dubious scandal. Controller of budget Margaret Nyakang'o claimed that she was threatened to release Sh6 billion for the purchase of Telcos and Sh9.5 billion from the annuity fund a few days before the elections.

To prove her allegations, Margaret Nyakang'o produced conversations she says she had with former Treasury CS Ukur Yatani.

ADVERTISEMENT

"Please help us expedite this," is believed to be one of the messages that Yatani wrote to Nyakang'o at 3:33 pm on August 4, 2022.

Yatani however defended himself saying the Sh15billion claimed to have been looted was partly used in maize and fuel subsidies, as well as the construction of a modern referral hospital facility for Kenya's Defence Forces.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Notorious criminal Humphrey Shilisia handed 310-year jail sentence

Notorious criminal Humphrey Shilisia handed 310-year jail sentence

Aden Duale: Uhuru’s family made this plea which nobody can guarantee

Aden Duale: Uhuru’s family made this plea which nobody can guarantee

How students in Pwani Uni bus made peace with destiny before crash

How students in Pwani Uni bus made peace with destiny before crash

NTV's Ben Kitili digs into Moha Jicho pevu in 'gloves off' criticism

NTV's Ben Kitili digs into Moha Jicho pevu in 'gloves off' criticism

CS Machogu issues statement on Pwani University accident

CS Machogu issues statement on Pwani University accident

Police boss forced to intervene during Jeff Mwathi's exhumation

Police boss forced to intervene during Jeff Mwathi's exhumation

7 major trends that shaped the month of March in Kenya [Pulse Picks]

7 major trends that shaped the month of March in Kenya [Pulse Picks]

Netizens slam Nyamu for undermining possibility of Raila-Ruto handshake

Netizens slam Nyamu for undermining possibility of Raila-Ruto handshake

NTV journalist narrates attack by police officers during protest [Video]

NTV journalist narrates attack by police officers during protest [Video]

Pulse Sports

Ferdinand Omanyala storms to 100m world-leading time, makes February history

Ferdinand Omanyala storms to 100m world-leading time, makes February history

Report: Erik ten Hag rules out trophy parade if Manchester United win

Report: Erik ten Hag rules out trophy parade if Manchester United win

Ranking Xavi’s European exits with Barcelona

Ranking Xavi’s European exits with Barcelona

Video: Christian Atsu’s remains arrive in Ghana

Video: Christian Atsu’s remains arrive in Ghana

Atsu’s body to be brought home for burial - Ghana Embassy

Atsu’s body to be brought home for burial - Ghana Embassy

Sad news: Christian Atsu found dead in Turkey

Sad news: Christian Atsu found dead in Turkey

How well do you know your favourite La Liga club?

How well do you know your favourite La Liga club?

Messi gives in to Alphonso Davies' demand after 3 years

Messi gives in to Alphonso Davies' demand after 3 years

Why Greenwood could have played his last match for United

Why Greenwood could have played his last match for United

ADVERTISEMENT