No evidence found in allegations of misappropriation of Eurobond- Tobiko

DPP Keriako Tobiko who has ordered for the probe of top IEBC officials over the ...
Environment and Forestry Cabinet Secretary Keriako Tobiko at a past press conference

The Director of Public Prosecutions (DPP) Keriako Tobiko has found no evidence to support allegations of misappropriation of 250 billion shillings or part of the Eurobond loan proceeds by the National Treasury.

Tobiko also says he has also not found any evidence linking any government official to criminal acts related to the sovereign bond.

In a statement, Tobiko  concurred with the verdict of anti graft body EACC after the DPP resubmitted the files on the graft allegations for further investigations on May 12th.

“Upon independent review of the evidence gathered in the inquiry file and the resubmitted file, I have found no evidence to support the allegation about the alleged misappropriation of Ksh 250 Billion or any part there of,” read the statement in part.

The DPP says no one will be prosecuted based on the probe, even as he has urged the Auditor General to investigate how ministries have utilized Eurobond cash said to have been disbursed to them.

“As regards the utilization of proceeds of the Eurobond, I recognize that the office of the Auditor General being an independent body with the mandate to audit accounts of Counties, Ministries, Departments and Government agencies under Article 229 of the Constitution of Kenya, 2010 and therefore concur with the EACC  that the Auditor General do carry out special audit on the development projects that were implemented Ministries, Departments and Agencies (MDA’s) to ascertain if there was prudent utilization of the proceeds of the Eurobon and if the Government got value for money,” further read the statement.

In mid-May, Auditor General Edward Ouko said an audit report on the multi-billion shilling Eurobond scandal will be finalized by July.

Ouko said the audit office is yet to fully track how the 250 billion shilling Eurobond cash was transferred from original banks in Europe until it was deposited at the Central Bank of Kenya (CBK).

Ouko said his office is yet to finish auditing all documents provided by ministries on how the proceeds were utilized after Treasury Cabinet Secretary Henry Rotich said some of the cash was disbursed to them.

The Auditor General was speaking when he appeared before Parliament’s Public Accounts Committee (PAC).




For Citizen TV updates
Join @citizentvke Telegram channel

Video Of The Day: On Viusasa, now you can download your videos and play them back later

Maureen Murimi
Story By Maureen Murimi
More by this author