{"id":92681,"date":"2023-05-18T20:25:36","date_gmt":"2023-05-18T20:25:36","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/cs-ndungu-risks-sanctions-over-sh330m-lawyers-retainer"},"modified":"2023-05-18T20:38:34","modified_gmt":"2023-05-18T20:38:34","slug":"cs-ndungu-risks-sanctions-over-sh330m-lawyers-retainer","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/cs-ndungu-risks-sanctions-over-sh330m-lawyers-retainer","title":{"rendered":"CS Ndung’u risks sanctions over Sh330m lawyer’s retainer"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>Treasury Cabinet Secretary Njuguna Ndung\u2019u has until May 29 to appear before MPs. He is expected to answer queries as to why the East African Development Bank has been remitting millions of shillings to a UK-based lawyer in unclear circumstances.<\/p>\n

In the event of failure, the CS faces a fine of Sh500,000 and other sanctions for failing to respond to the questions raised by MPs over EADB\u2019s activities.<\/p>\n

The Finance Committee of the National Assembly chaired by Molo MP Kuria Kimani wants the CS to shed light after it emerged the bank has sent a whopping Sh330 million (2.4m USD) for the past four years.<\/p>\n

Kimani said on Thursday that they have been patient with the CS over the question about the banks\u2019 activities that was asked by Matungulu MP Stephen Mule back in March.<\/p>\n

\u201cWe wrote several letters to NT Cabinet Secretary on March 16, March 30, and April 2 but he has requested for postponement three times. The last opportunity we accorded the CS expires today,\u201d the MP said.<\/p>\n

Standing Order 42 requires CSs to respond to questions within 30 days. \u201cI risk being accused of failing to get responses on this critical matter,\u201d Kimani said.<\/p>\n

Among the concerns, beyond the remittances to the UK lawyer, is that the bank\u2019s directors have served for 13 years yet the law requires they serve one term of five years.<\/p>\n

The East African Development Act, which guides the operations of the EAC Community-owned bank, sets a single term of five years. \u201cWe are informed the directors have been there for 13 years. We, therefore, don’t take it kindly that such a question remains unanswered.\u201d<\/p>\n

\u201cOn May 29, we extend one last courtesy to appear without fail. If that doesn’t happen, we will invoke a summon,\u201d the Molo MP said.<\/p>\n

MP Mule, who sought the response, said: \u201cWe will remain patient. We need to get to the bottom of this issue. Kenya is losing a lot of money. We need to protect the interest of Kenya.\u201d<\/p>\n

He decried that the National Treasury has taken the issue casually. \u201c I am afraid the same issue is being experienced in other states.\u201d Among other issues is that Kenya has not received a single dividend for the last 13 years, yet the same should be paid every year.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. Treasury Cabinet Secretary Njuguna Ndung\u2019u has until May 29 to appear before MPs. He is expected to answer queries as to why the East African Development Bank has been remitting millions of shillings to a UK-based lawyer in unclear circumstances. In the event of failure, the CS faces a fine of Sh500,000 […]<\/p>\n","protected":false},"author":84,"featured_media":92679,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3],"tags":[6857,7003,544],"class_list":["post-92681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nCS Ndung'u risks sanctions over Sh330m lawyer's retainer - kenya<\/title>\n<meta name=\"description\" content=\"Treasury Cabinet Secretary Njuguna Ndung\u2019u has until May 29 to appear before MPs. 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