Leaders demand public audit of Eurobond

Amani National Congress (ANC) leader Musalia Mudavadi has asked for a public audit on the Eurobond transactions as leaders continue to pile pressure on Treasury Cabinet Secretary Henry Rotich to make the details of the Eurobond transactions public.

Speaking at Kariobangi South, Mudavadi said that the audit should be done for the purposes of transparency and accountability.

Musalia’s statement comes just a day after Deputy President William Ruto said the opposition’s claims that Eurobond proceeds were misused are aimed at violating future engagement with foreign institutions that took part.

“What they (opposition leaders) are doing is just to sabotage the economy by scaring away investors but we want to tell them that they will not succeed,” said Ruto on Saturday.

Addressing the public at Garissa stadium, the Deputy President said all documents relating to the Eurobond cash were readily available.

“We told these leaders to go to the treasury to get the information they had asked about Eurobond but they chose to go to funerals and press conferences,” said the DP.

More than 50 MPs, led by National Assembly Majority Leader Aden Duale, told off the opposition leaders accusing them of seeking cheap publicity on the Eurobond issue.

“The opposition leaders are not sincere in what they are pursuing. They just want to sabotage the economy of this country,” said Duale.

Duale further stated that the government’s participation in the Eurobond issue was to ensure the local interest rates were reduced.

He took issue with the manner in which the Coalition of Reforms and Democracy (CORD) leader Raila Odinga was engaging in propaganda about the Eurobond proceeds in the pretext that he would gain political mileage.

“If the former prime minister thinks that Treasury Cabinet Secretary Henry Rotich has to look for him to explain to him how the Eurobond proceeds were used, then he is misled,” said Duale.

“Odinga should know that he is just like any other common mwananchi outside there,” he added.

However, CORD leader Raila Odinga maintains that the government cannot account for Sh140 billion of the fund but Treasury CS Henry Rotich insists that Raila misinterpreted the figures.