Evans Kidero Foundation faces deregistration over financial audit
A foundation associated with Nairobi Governor Dr Evans Kidero could be deregistered, following claims of engaging in illegal activities and alleged failure to disclose or account for its financing, part of which is obtained from international sources.
In a letter dated 13th December last year, the NGO Coordination Board suspended activities of the Evans Kidero Foundation until its directors submit audited accounts for four years as well as annual returns and bank transactions for the same period.
The board also required the foundation to furnish it with a list of all local and international donors, and the specific amount they contributed to the foundation within 14 days.
That time frame lapsed on Thursday, and the foundation could be deregistered as early as this week, due to what the board claims were clear instances of financial impropriety, conflict of interest since some of its directors were employees of the Nairobi County Government and deviation from the initial objectives for which it was formed and registered.
Other than allegedly failing to file annual returns since its inception in 2012, the Evans Kidero foundation is also accused of opening bank accounts without the authority of the NGO Coordination Board, contrary to regulations.
The foundation has through its lawyers wrote to the board, seeking an extension of the deadline for submission of the documents that were sought.
The board is reviewing the extension application, but should it decide to decline it, the foundation will be deregistered.
Even as the board investigates what it termed suspicious amounts of unexplained money in the foundation’s accounts, the Evans Kidero Foundation affirmed that it had concluded audits for 2014 and 2015, and submitted them to the foundation’s trustees for approval.
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