November 26, 2024

newsline

Timely – Precise – Factual

Treasury Hard-Pressed to Explain Ksh785 Million Rejected by Foreign Bank

admin February 3, 2022
1,759 Views

The National Treasury has been hard pressed to explain how Ksh785 million was wired to a foreign bank based in Germany and later rejected.

In the deal that has raised eyebrows, the German bank rejected Ksh785 million wired into a Central Bank of Kenya (CBK) account by Lake Turkana Wind Power as refund of excess money from Kenya power.

Treasury Principal Secretary Julius Muia while appearing before Members of parliament on Wednesday, February 2, he noted that he was not aware of the overpayment by Kenya Power.

Wind Power turbines installed at Lake Turkana

Wind Power turbines installed at Lake Turkana.

The foreign bank turned down the excess payment of idle power charges in 2018. Justifying their decision, they noted that Kenya did not provide enough evidence and beneficiaries of the millions paid to CBK.

“I am not aware and would have to check that. I will need more time,”  the PS stated.

The PS was put under pressure to account for his remarks yet he was reportedly copied three separate letters from the company tasked with undertaking the project.

“I hand you three letters from LTWP seeking assistance to refund the money. The letters are copied to you,” PIC chairman Abdulswamad Nassir stated.

“Why has the Treasury allowed somebody to keep Sh785 million? Somebody must be earning interest.” 

In their defense, officials from the company tasked with undertaking the project revealed that they returned the money in December 2021 following the confusion.

“LTWP communicated to KPLC (via email) on December 23, 2021, that the payment had been returned and to provide an appropriate contact person at Central Bank of Kenya, or the additional banking information required.

“We subsequently reached out to both again on January 3, 2022 and January 12, 2022 but with unfortunately no response received yet,” LWTP chief executive Phylip Leferink.

The mystery of the said money is now being probed by the National Assembly with several other top officials set to be grilled.

A file iumage of the National Treasury

The National Treasury offices at Harambee Avenue, NairobiFILE

790 thoughts on “Treasury Hard-Pressed to Explain Ksh785 Million Rejected by Foreign Bank”

  1. Pingback: สลากดิจิทัล ซื้อยังไง
  2. Pingback: clone credit cards​
  3. Pingback: guava gas strain https://exotichousedispensary.com/product/guava-gas-strain/
  4. Pingback: บ้านมือสอง
  5. Pingback: ชาภู่หลาน
  6. Pingback: เงินโชว์บัญชี
  7. Pingback: Best microdose mushroom
  8. Pingback: erectile dysfunction
  9. Pingback: temperatura corpului 35 de grade
  12. Pingback: สล็อตเว็บตรง
  13. Pingback: LSM99 เว็บตรง แตกง่าย จ่ายหนัก

  18. One of the leading academic and scientific-research centers of the Belarus. There are 12 Faculties at the University, 2 scientific and research institutes. Higher education in 35 specialities of the 1st degree of education and 22 specialities.

  20. Have you ever considered about including a little bit more than just your articles? I mean, what you say is valuable and all. However just imagine if you added some great visuals or video clips to give your posts more, “pop”! Your content is excellent but with images and video clips, this website could certainly be one of the most beneficial in its niche. Fantastic blog!

  23. My coder is trying to persuade me to move to .net from PHP. I have always disliked the idea because of the expenses. But he’s tryiong none the less. I’ve been using Movable-type on a number of websites for about a year and am nervous about switching to another platform. I have heard great things about blogengine.net. Is there a way I can transfer all my wordpress content into it? Any kind of help would be really appreciated!

  27. Fantastic goods from you, man. I’ve take note your stuff prior to and you’re simply too magnificent. I really like what you’ve received here, really like what you’re stating and the way in which you assert it. You are making it entertaining and you still take care of to stay it smart. I can not wait to read far more from you. This is actually a wonderful site.

  28. Pingback: แจกวาร์ป

  30. I know this if off topic but I’m looking into starting my own blog and was wondering what all is required to get set up? I’m assuming having a blog like yours would cost a pretty penny? I’m not very internet savvy so I’m not 100% positive. Any tips or advice would be greatly appreciated. Appreciate it

  32. Pretty nice post. I just stumbled upon your blog and wanted to say that I have really enjoyed browsing your blog posts. In any case I’ll be subscribing to your feed and I hope you write again soon!

  35. Whats up very nice web site!! Guy .. Beautiful .. Superb .. I will bookmark your blog and take the feeds also? I am glad to find so many useful information here in the post, we’d like develop more strategies in this regard, thank you for sharing. . . . . .

  36. I have been surfing online more than 2 hours today, yet I never found any interesting article like yours. It’s pretty worth enough for me. Personally, if all website owners and bloggers made good content as you did, the internet will be much more useful than ever before.

  37. Hey there! I know this is kinda off topic however , I’d figured I’d ask. Would you be interested in exchanging links or maybe guest writing a blog article or vice-versa? My site addresses a lot of the same subjects as yours and I believe we could greatly benefit from each other. If you are interested feel free to send me an e-mail. I look forward to hearing from you! Superb blog by the way!

  39. I am extremely inspired with your writing talents and alsowell as with the format in your blog. Is this a paid subject or did you customize it yourself? Either way stay up the nice quality writing, it’s rare to see a nice blog like this one nowadays..

  41. “Франшиза автомойки” от нашей сети – это готовое решение для старта вашего бизнеса. Мы предлагаем полную поддержку и профессионализм.

  42. Unquestionably consider that that you stated. Your favourite justification appeared to be at the internet the simplest thing to take note of. I say to you, I definitely get irked whilst other folks consider worries that they plainly do not recognise about. You controlled to hit the nail upon the top as welland also defined out the whole thing with no need side effect , other people can take a signal. Will likely be back to get more. Thank you

  45. Pingback: big 666 สล็อต

  203. I think this is one of the such a lot significant information for me. And i’m satisfied reading your article. However wanna remark on few basic things, The website taste is perfect, the articles is in reality nice : D. Just right process, cheers

  208. Have you ever considered about including a little bit more than just your articles? I mean, what you say is fundamental and all. However just imagine if you added some great pictures or video clips to give your posts more, “pop”! Your content is excellent but with images and clips, this site could undeniably be one of the very best in its niche. Good blog!

  211. Can I just say what a relief to discover a person that truly knows what they’re talking about on the internet. You definitely know how to bring an issue to light and make it important. More people ought to read this and understand this side of the story. It’s surprising you’re not more popular because you surely have the gift.

  232. I used to be recommended this website through my cousin. I am now not sure whether this submit is written by means of him as no one else recognize such exact approximately my problem. You are amazing! Thank you!

  294. farmacia online [url=https://tadalafilit.com/#]Farmacie che vendono Cialis senza ricetta[/url] top farmacia online

  298. acquistare farmaci senza ricetta [url=https://tadalafilit.com/#]Cialis generico 20 mg 8 compresse prezzo[/url] п»їFarmacia online migliore

  301. cialis farmacia senza ricetta [url=http://sildenafilit.pro/#]viagra senza prescrizione[/url] viagra naturale

  305. farmacia online [url=http://farmaciait.men/#]Farmacia online piГ№ conveniente[/url] Farmacia online piГ№ conveniente

  307. Farmacie on line spedizione gratuita [url=https://tadalafilit.com/#]Cialis generico controindicazioni[/url] comprare farmaci online con ricetta

  310. Farmacia online piГ№ conveniente [url=http://farmaciait.men/#]Farmacie online sicure[/url] п»їFarmacia online migliore

  312. siti sicuri per comprare viagra online [url=https://sildenafilit.pro/#]viagra online siti sicuri[/url] viagra consegna in 24 ore pagamento alla consegna

  315. acquistare farmaci senza ricetta [url=https://brufen.pro/#]Ibuprofene 600 prezzo senza ricetta[/url] farmacie online autorizzate elenco

Leave a Reply

Your email address will not be published. Required fields are marked *

More Stories

Addressing Africa’s Diabetes Epidemic: Insights from St. George’s University

November 26, 2024 Reporter Newsline

Syndicated Fraud in Namanve Industrial Park Project: A Deep Dive into Collusion and Procurement Malpractice

November 25, 2024 Reporter Newsline

Savannah Clinker Offers Unmatched Value to Bamburi Cement Shareholders

November 19, 2024 Reporter Newsline

You may have missed

High Court Suspends Privileges Granted to Bill and Melinda Gates Foundation

November 26, 2024 admin

Aga Khan IV Sees Ksh220 Million Rebound in Jubilee Holdings Investment

November 26, 2024 admin

NCBA Bank Acquires Ksh860 Million Unga Group Loan Portfolio from Absa Bank

November 26, 2024 admin

Addressing Africa’s Diabetes Epidemic: Insights from St. George’s University

November 26, 2024 Reporter Newsline