🚃Railway Fund Fails to Account for 💰Sh230.2 Bn🔊: Ouko

  |   Kenya News

The Railway Development Levy Fund could not explain how Sh230.2 billion was spent in the financial and assets statements of June 30, 2015. Auditor General Edward Ouko has queried how unaccounted for billions of taxpayers money was spent.

In his report tabled in Parliament, Ouko questioned how Sh19.2 billion was transferred to the State Department of Transport without availing minutes of meetings of the Fund's advisory committee that gave the approval.

The report also shows that on October 2, 2014, the National Treasury closed the Fund's Central Bank account that had a balance of Sh6.5 billion. No documents were provided to show where the money was transferred to.

To read full article - http://v.duta.us/oEJD9QAA

📲 Get Kenya News on Whatsapp 💬