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Kidero in trouble in latest corruption probe

Authors:

dennis kibet

Detectives have been called in to investigate Kidero's bank accounts

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The High Court on Friday allowed the Ethics and Anti Corruption Commission (EACC) to investigate Kidero's bank accounts over alleged misappropriation of public funds.

Investigators in March told a Nairobi court that Kidero’s bank accounts had large cash deposits suspected to be proceeds of corruption.

EACC Investigation Officer, Mulki Umar, said the evidence uncovered aroused reasonable suspicion that the governor was involved in corrupt conduct.

“Upon the analysis of the said bank account, it was noted that between January 27, 2011 and December 31, 2015, Dr Kidero received a cash deposit of Sh317,116,000,” detective Umar told the court.

The account also reflected a sum of Sh200 million, which was deposited in a fixed deposit account.

In the same month, Nairobi City County now headed by Governor Mike Sonko received a damning audit report that revealed Sh21 billion was misappropriated under Kidero.

Read Also: Kidero’s foundation engaged in multiple financial irregularities – NGO Board

According to KPMG, Kidero operated 32 bank accounts, contrary to the Public Finance Management Act, that requires all county government accounts to be opened at the Central Bank of Kenya except for an Imprest bank account.

KPMG also noted that the Nairobi County Government used five different financial systems to manage its operation during the period July 1, 2011 to June 30, 2017.

Authors:

dennis kibet

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