Cyprian Is Nyakundi
Business

How Former KICC Managers Looted Ksh. 1 Billion In One Day

Auditor General Edward Ouko
Recent revelations that the KICC was designed to resemble a donkey’s penis excited Kenyans on social media and KICC was trending for many days but recent revelations by auditor general Edward Ouko special audit report that top managers blew a cool Ksh. 1 Billion will put a halt to the excitement.
Edward Ouko, in his report, has recommended punishment of the former KICC bosses for engaging in various fraudulent activities, with the aim of robbing taxpayers.

According to the AG, the former top managers, knowingly falsified and fraudulently deleted records to conceal audit trails of procurement for the World Trade Organisation conference, the event that was marred with fraud, impunity and no traceable achievements.

The auditor general has also said that the people and companies that supplied goods and services during the event are claiming a whooping Ksh. 1.1 Billion but recommends that a payment of only Ksh. 387 Million should be made the genuine supplies since the others are scammers fronted by cartels to further rob taxpayers.

“We recommend payment of various contractors, suppliers and service providers a total amount of Sh386,931,228 out of the initial claims amounting to Sh1,053,391,910,” Reads the auditor general's report that we are now serializing.

The report also throws the then KICC managing director Fred Simiyu under the bus by stating that he be held to account for questionable contracts amounting to 497 Million. The special audit report was tabled by loud-mouthed Aden Duale, who was once linked to NYS Corruption scandals in a local media article that was later deleted mysteriously.

As a warning, Ouko indicates that KICC risks being broke and sinking if genuine cartels are paid as opposed to claimants with genuine contracts. The face the risk of asset auctioning, Ouko further indicates.

Also targeted is a former head of procurement, Charles Makoko, who has now gone underground as sleuths seek for him, for the loss of Sh510,405,559 and former acting managing director Joel Terer for loss of Sh13,508,480. Terer spent all the loot on slay-queens, sources tipped us.



Would you like to get published on this Popular Blog? You can now email Cyprian Nyakundi any breaking news, Exposes, story ideas, human interest articles or interesting videos on: hello@cnyakundi.com. Videos and pictures can be sent to +254 710 280 973 on WhatsApp, Signal and Telegram.


Related posts

Police Charge Sheet Against Housemart Money Laundering And Tax-Evasion Chinese Cartels

Cyprian, Is Nyakundi

Vice President’s Kshs. 1.3 Billion Supercars Collection To Be Auctioned

Karecha

EAST AFRICAN PORTLAND CEMENT- ” WE ARE BROKE “

Cyprian, Is Nyakundi