@DailyNation

Former governor Kidero on the spot over missing Sh21 billion

10 months ago, 11 Mar 18:37

By: Collins Omulo

At least Sh21 billion was not accounted for by former Nairobi Governor Evans Kidero when he left office, according to an audit by KPMG. The damning report, which will be handed to Governor Mike Mbuvi Sonko this week, shows that Sh21.89 billion was not accounted for in the handover report when he was assuming office in August 2017. “More than Sh21.89 billion in payments was not recorded so we cannot know who was paid, and 7,346 manual revenue collection receipt booklets were deleted from the digital system,” KPMG Associate Director in charge of Forensics Mark Bunyi said. PENDING BILLS The auditors analysed the handover report from the former administration and concluded that it left behind a broken system. The audit which covered revenue, debts, cash and banking as well as assets also found that the handover report under-declared the county’s debts by more than Sh1.5 billion. “We found Sh1.5 billion more pending bills when we checked individual departments, which was different from what was in the handover report. This means the liability is more,” head of Risk Consulting Brian De Souza said. BANK ACCOUNTS The audit also revealed that the former county administration irregularly opened 32 accounts in commercial banks, against the Public Finance Management Act. Thirteen of accounts were not declared in the handover report. Five of them had more than Sh120 million at the time of the audit. When the banks were contacted, six refused to respond to queries on the accounts opened in the city county’s name. The audit also found that Sh22.8 billion in taxes was not remitted, including Pay As You Earn and pension deductions. LOOPHOLES Mr Kidero's administration also failed to declare 110 vehicles owned by the county government. KPMG head of Advisory East Africa Gerald Kasimu and Mr De Souza briefed Mr Sonko on the findings on Wednesday. The governor said he would take action against those who looted county coffers. He also pledged to put in place measures to seal the loopholes identified in the report. “We shall get to the bottom of this matter. All the culprits will be brought to book,” he said.
Read More


Category: topnews news counties

Suggested

1 hours ago, 15:30
@CITIZENTV - By: Jeremiah Lechipai
VAR to be used in Champs League last 16 matches as United draw PSG

For the first time ever, the Video Assistant Referee (VAR) will be used in the UEFA-Champions League matches in the round of 16. ...

Category: sports topnews news
1 hours ago, 15:20
@CITIZENTV - By: Reuters
UK signs air service deal with Switzerland for post-Brexit flights

British transport minister Chris Grayling will sign an agreement with Switzerland on Monday to ensure air services continue to operate between the two countries after Brexit. ...

Category: topnews news
1 hours ago, 15:20
@CITIZENTV - By: Matthews Mutai
Sharks out to swim in deep football waters, but have they come of age?

Sharks need a scoring draw or an outright win during Saturday's return leg in Kumasi to reach the second round ...

Category: topnews news sports
2 hours ago, 14:59
@DailyNation - By: Wycliff Kipsang
Boinnet defends police killings in Kwanza, IPOA launches probe

IG says the police officers opened fire as more than 100 people confronted them. ...

Category: topnews news
2 hours ago, 14:59
@CITIZENTV - By: Reuters
U.N., Palestinians launch humanitarian appeal after funding cuts

The United Nations and the Palestinian Authority on Monday appealed for $350 million in humanitarian relief for Palestinians next year, saying that they needed more but had to be realistic in the face ...

Category: topnews news
2 hours ago, 14:59
@DailyNation - By: Newsplex Team
Best, worst communicators of 2018: Call for entries

Submission for deadline on midnight, December 28, 2018. ...

Category: topnews news

@DailyNation

Former governor Kidero on the spot over missing Sh21 billion

10 months ago, 11 Mar 18:37

By: Collins Omulo
At least Sh21 billion was not accounted for by former Nairobi Governor Evans Kidero when he left office, according to an audit by KPMG. The damning report, which will be handed to Governor Mike Mbuvi Sonko this week, shows that Sh21.89 billion was not accounted for in the handover report when he was assuming office in August 2017. “More than Sh21.89 billion in payments was not recorded so we cannot know who was paid, and 7,346 manual revenue collection receipt booklets were deleted from the digital system,” KPMG Associate Director in charge of Forensics Mark Bunyi said. PENDING BILLS The auditors analysed the handover report from the former administration and concluded that it left behind a broken system. The audit which covered revenue, debts, cash and banking as well as assets also found that the handover report under-declared the county’s debts by more than Sh1.5 billion. “We found Sh1.5 billion more pending bills when we checked individual departments, which was different from what was in the handover report. This means the liability is more,” head of Risk Consulting Brian De Souza said. BANK ACCOUNTS The audit also revealed that the former county administration irregularly opened 32 accounts in commercial banks, against the Public Finance Management Act. Thirteen of accounts were not declared in the handover report. Five of them had more than Sh120 million at the time of the audit. When the banks were contacted, six refused to respond to queries on the accounts opened in the city county’s name. The audit also found that Sh22.8 billion in taxes was not remitted, including Pay As You Earn and pension deductions. LOOPHOLES Mr Kidero's administration also failed to declare 110 vehicles owned by the county government. KPMG head of Advisory East Africa Gerald Kasimu and Mr De Souza briefed Mr Sonko on the findings on Wednesday. The governor said he would take action against those who looted county coffers. He also pledged to put in place measures to seal the loopholes identified in the report. “We shall get to the bottom of this matter. All the culprits will be brought to book,” he said.
Read More

Category: topnews news counties

Suggested

1 hours ago, 15:30
@CITIZENTV - By: Jeremiah Lechipai
VAR to be used in Champs League last 16 matches as United draw PSG

For the first time ever, the Video Assistant Referee (VAR) will be used in the UEFA-Champions League matches in the round of 16. ...

Category: sports topnews news
1 hours ago, 15:20
@CITIZENTV - By: Reuters
UK signs air service deal with Switzerland for post-Brexit flights

British transport minister Chris Grayling will sign an agreement with Switzerland on Monday to ensure air services continue to operate between the two countries after Brexit. ...

Category: topnews news
1 hours ago, 15:20
@CITIZENTV - By: Matthews Mutai
Sharks out to swim in deep football waters, but have they come of age?

Sharks need a scoring draw or an outright win during Saturday's return leg in Kumasi to reach the second round ...

Category: topnews news sports
2 hours ago, 14:59
@DailyNation - By: Wycliff Kipsang
Boinnet defends police killings in Kwanza, IPOA launches probe

IG says the police officers opened fire as more than 100 people confronted them. ...

Category: topnews news
2 hours ago, 14:59
@CITIZENTV - By: Reuters
U.N., Palestinians launch humanitarian appeal after funding cuts

The United Nations and the Palestinian Authority on Monday appealed for $350 million in humanitarian relief for Palestinians next year, saying that they needed more but had to be realistic in the face ...

Category: topnews news
2 hours ago, 14:59
@DailyNation - By: Newsplex Team
Best, worst communicators of 2018: Call for entries

Submission for deadline on midnight, December 28, 2018. ...

Category: topnews news
Our App