Development
Sh87M Grant For Farmers In Nyamira Lying Idle For 2 Years In Accounts Unutilized
The Nyamira County Government is under pressure to explain why they have not utilised Sh87 million grant to boost the agriculture sector for the last two years.
Members of County Assembly (MCAs) are now demanding answers regarding the funds that had been allocated to support farmers.
County Assembly Speaker Moffat Teya sought an explanation from the Executive through the Assembly’s Finance Committee on why farmers were suffering when money was lying idle in a bank account.
“We need to know why the monies are lying idle in the bank account for two years. The executive in charge of Finance and Planning is required to appear before the committee on Finance to give details on this matter within 14 days,” Speaker Teya said during the Thursday session.
Assembly members now want the executive to explain why the money had not been put to use and demanded that the Finance department ensures the money was utilised.
The money was given as a grant to the county government for the financial year 2018/2019 under the Devolution Support Programme.
This is not unusual story from the counties, if we’re to borrow from text book scripts of how county officials are fleecing coffers, this money is not lying idle but in a bank somewhere generating profits.
How does this kind of theft happen? Counties receive money from the treasury directly to the county’s bank accounts, officials cut deals with bank executives to keep the money for sometime to accrue interest. So it’s good business for the bank, they have cash to loan and maintain their financial flows, crooked county officials on the other hand smile all the way to the bank for their cut off the profits made.
So if Nyamira County officials are serious, if investigative officials are serious, one of the areas they can possibly find their answers is the bank account where the money is being held. It’s an immoral matrimony that banks have wuth County officials nowadays.
EACC has in the past said in a report that Nyamira is the County with most graft claims they’ve received despite being one of the poorest in the region yet with the highest potential for agriculture.
Members of the county executive committee, chief officers, directors and enforcement officers have been on the watch-list for amassing wealth through corrupt deals.
Reports indicate some of the officers h
Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news TIPS, story angles, human interest stories, drop us an email on [email protected] or via Telegram
-
Business2 weeks ago‘They’re Criminals,’ Popular Radio Presenter Rapcha The Sayantist Accuses Electric Bike Firm Spiro of Fraudulent Practices
-
Business1 week agoIt’s a Carbon Trading Firm: What Kenyans Need to Know About Spiro’s Business Model Amid Damning Allegations of Predatory Lending
-
Business1 week agoManager Flees Safaricom-Linked Sacco As Fears Of Investors Losing Savings Becomes Imminent
-
News1 week agoWoman Accused in High Defamation Blames AI As Case Exposes How Mombasa Billionaire Mohamed Jaffer Allegedly Sponsored Smear Campaign Linking Joho’s Family To Drug Trafficking
-
Investigations2 weeks agoDisgraced Kuscco Boss Arnold Munene Moves To Gag Media After Expose Linking Him To Alleged Sh1.7 Billion Fraud
-
Africa2 weeks agoDisgraced Oil Trader Idris Taha Sneaks Into Juba as Empire Crumbles
-
Investigations2 weeks agoFraud: How Sh235 Million Donor Cash For Nyamira Residents Was Embezzled Through Equity Bank Under Governor Nyaribo’s Watch
-
Investigations1 week agoIntelligence Report Links Budding Politician James Mabele Magio To International Scammers Ring
