Treasury says ready to meet Raila to explain Eurobond

Treasury says ready to meet Raila to explain Eurobond

The National Treasury has expressed willingness to meet with CORD leader Raila Odinga to clarify on issues surrounding the Eurobond.

In a statement to newsrooms, Treasury stated that it was aware of the need to furnish the public with relevant information and documentation regarding the Eurobond, saying the same has been facilitated to the Senate and the National Assembly.

“A further step in fulfilling citizen’s right to access public information, documentation concerning the Eurobond has been made available to both the Senate and the National Assembly and can be shared with the Former Prime Minister Odinga.”

“The information on the Sovereign Bond that Hon Odinga has requested will be made available both in hard and soft copies on Friday 4th December 2015 at 10:00am.

The Treasury further said they would be ready to answer any questions that Raila may have in regards to the Eurobond and shed more light on the matter.

On Tuesday, Raila Odinga gave the government and all companies that were involved in Eurobond transactions a 14-day ultimatum to release an official statement and clear account information explaining to the public how the alleged scam took place.

The CORD leader further accused the government of carrying out a cabinet reshuffle to divert attention from the Eurobond issue.

“Kenyans are victims of a single case of theft that is without precedent in our history. As citizens we have a right to a full and proper accounting of all loans borrowed in our names. Our children will be paying for this commercial debt and the thought that parts of it may have been stolen is too outrageous to contemplate,” read the statement.

“Last week, we invited you here and asked President Uhuru Kenyatta to go beyond easy talk and embark on specific actions to stem the tide of corruption that is eating our nation from within. We haven’t seen any such steps. We are not convinced that bringing new names into the Cabinet and laundering older ones will do,” stated Odinga.

According to the former prime minister, CORD has reviewed the Government Budget Out turn for the FY 2013/14 and FY 2014/15 published by the National Treasury in two documents namely the Quarterly Economic and Budgetary Review for the Fourth Quarter of the FY 2014/15 dated August 2015.

CORD has also studied the Budget Review and Outlook Paper dated September 2015.

“From the reviews, it is clear to us that the greatest case of theft in Kenyan history is either underway or has already been concluded in the name of Eurobond,” claimed Odinga.

CORD stated that it had written to Cabinet Secretary for National Treasury Mr Henry Rotich, his Principal Secretary Dr Kamau Thugge, Barclays Bank PLC; London, United Kingdom, J.P. Morgan Securities, London, United Kingdom, QNB Capital LLC, Doha, Qatar and Standard Bank PLC, London, United Kingdom over the issue.

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