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After Kidero's, Kalonzo Musyoka Foundation faces closure over "illegal" bank accounts

Kalonzo Musyoka, his wife Pauline, son Kennedy and Martha Mulwa are the directors of Kalonzo Musyoka Foundation, which the NGOs Coordination Board has accused of running illegal bank accounts.

 

The Fazul Mahamed led board has mounted a thorough investigation into what it alleges to be illegal transactions through the foundation’s local and foreign bank accounts.

Through a letter to the foundation, the board has sought a clarification and information on the foundation’s foreign account which, it says, was opened in contravention of the NGOs Co-ordination Act.

The NGOs Board has claimed that the foundation has been receiving millions of shillings from foreigners without disclosing identity and amounts contributed.

“The board has noted the foundation has opened and is operating a secret and illegal foreign currency account held under the Kalonzo Musyoka Foundation. This account has been the principal recipient of all foreign currency amounting to millions of Kenya shillings donated to the foundation by foreign donors,” reads part of the letter signed by the NGO’s Co-ordination Board Chief Executive Fazul Mahammad.

The foundation has also been accused of doing illegal currency conversions through that account and remitting the same to other accounts in local banks.

“In addition, the foreign currency account has also been used for conversion to Kenya Shillings and subsequent crediting to the foundation’s bank accounts. Kindly note, this foreign currency account has been opened and is being operated in contravention of Section 12 (4) of the NGOs Co-ordination Act No 19 of 1990, and Clause 10 of the Terms and Conditions attached to the certificate of registration,” reads the letter dated 1st March.

It continues: “The foundation has opened and is operating illegal and unauthorised KES accounts with Investments & Mortgages Bank (I&M Bank), 2nd Ngong Avenue. This is in contravention of Section 12 (4) of the NGOs Co-ordination Act No 19 of 1990, and Clause 10 of the Terms and Conditions attached to the certificate of registration.”

Response

While the NGOs Coordinating Board sought the response from the foundation in 14 days from the date of the official communication, the wiper leader has not yet responded to the claims.

Musyoka is the Trustee and Patron of the Foundation, his wife Pauline Musyoka is listed as the Trustee and Chairperson. The third official is named as Martha Mulwa — the Treasurer.

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