Raila Odinga
has named eight individuals he believes bare responsibility for the
alleged lost Eurobond money on Thursday January 14 after he gave the Director of Public Prosecution a three day ultimatum to do so.
The ODM party leader on Saturday January 9 at Kolalo Grounds in Ugunja town, said the country had lost billions of shillings and it was high time the ‘thieves’ were exposed.
At a press conference held at the Serena hotel in Nairobi, Raila said the individuals bare responsibility due to their positions in government and along the chain of institutions that handled the Eurobond proceeds. He listed them as:
1. Joseph Kinyua – Chief of Staff in the Office of The President
2. Henry Rotich – Treasury Cabinet Secretary
3. Patrick Kamau Thuge – Treasury Principal Secretary
4. Mohammed Nyaoga – Central Bank of Kenya board chairman
5. Prof. Njuguna Ndun’gu – former Central Bank of Kenya Governor
6. John Birech- Financial Markets Director at Central Bank of Kenya
7. Moses Muthui- Financial Management Director at Central Bank of Kenya
8. Benard Ndung’u – The Director General, Accounting Service at the National Treasury
Odinga presented what he claimed were details of how the money was stolen.
He demanded that Uhuru Kenyatta, declares the Eurobond scandal a national disaster and institute a credible international forensic audit to establish how money was lost.
After investigations, the Ethics and Anti-Corruption Commission (EACC) tabled a report of its findings which indicated that there were no government officials who made away with money from the Eurobond proceeds as early claimed by the CORD co-principals.
It also said that there was no money lost at all. But Odinga said the EACC has demonstrated it lacks the capability to actually solve corruption in Kenya.
During the press conference, Odinga cited the chicken gate scandal where owners of a company that bribed officers of Independent Electoral and Bounderies Commission and Kenya National Examination Council have been sentenced to jail in Britain yet in Kenya no progress has been made, Raila said EACC cannot solve the Eurobond scandal.
In its report, the EACC instead recommended that further investigations should be conducted on how the money accrued from floating of a bond at the Irish Stock Exchange was spent by individual government agencies.
On December 1, 2015, ROdinga made the first claims after an apparent failure by the government to account for the whereabouts of KSh100 billion that was part of the money borrowed from the international market in 2014 through the Eurobond.
Since then, the government and opposition have traded accusations and counter accusations with regards to whether or not Kenyans lost money.
The ODM party leader on Saturday January 9 at Kolalo Grounds in Ugunja town, said the country had lost billions of shillings and it was high time the ‘thieves’ were exposed.
At a press conference held at the Serena hotel in Nairobi, Raila said the individuals bare responsibility due to their positions in government and along the chain of institutions that handled the Eurobond proceeds. He listed them as:
1. Joseph Kinyua – Chief of Staff in the Office of The President
2. Henry Rotich – Treasury Cabinet Secretary
3. Patrick Kamau Thuge – Treasury Principal Secretary
4. Mohammed Nyaoga – Central Bank of Kenya board chairman
5. Prof. Njuguna Ndun’gu – former Central Bank of Kenya Governor
6. John Birech- Financial Markets Director at Central Bank of Kenya
7. Moses Muthui- Financial Management Director at Central Bank of Kenya
8. Benard Ndung’u – The Director General, Accounting Service at the National Treasury
Odinga presented what he claimed were details of how the money was stolen.
He demanded that Uhuru Kenyatta, declares the Eurobond scandal a national disaster and institute a credible international forensic audit to establish how money was lost.
After investigations, the Ethics and Anti-Corruption Commission (EACC) tabled a report of its findings which indicated that there were no government officials who made away with money from the Eurobond proceeds as early claimed by the CORD co-principals.
It also said that there was no money lost at all. But Odinga said the EACC has demonstrated it lacks the capability to actually solve corruption in Kenya.
During the press conference, Odinga cited the chicken gate scandal where owners of a company that bribed officers of Independent Electoral and Bounderies Commission and Kenya National Examination Council have been sentenced to jail in Britain yet in Kenya no progress has been made, Raila said EACC cannot solve the Eurobond scandal.
“In London, perpetrators of the chicken gate scandal have been jailed but in Kenya EACC says it does not have enough evidence, do I need to add more,?” he said.
In its report, the EACC instead recommended that further investigations should be conducted on how the money accrued from floating of a bond at the Irish Stock Exchange was spent by individual government agencies.
On December 1, 2015, ROdinga made the first claims after an apparent failure by the government to account for the whereabouts of KSh100 billion that was part of the money borrowed from the international market in 2014 through the Eurobond.
Since then, the government and opposition have traded accusations and counter accusations with regards to whether or not Kenyans lost money.
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