This archive report was first published on 30 September 2019.
On September 30, 2019, a parliamentary committee called for an investigation into the loss of Sh3 billion by the Kenya Ports Authority (KPA). The agency had deposited the money in Chase Bank four months before it collapsed in 2015.
According to the Parliamentary Investment Committee (PIC), former KPA officials, including former Managing Director Gichiri Ndua and former chair Danson Mungatana, should be questioned about the deposit. The committee alleged that the officials disobeyed Treasury directives to invest surplus money in Treasury Bills.
Wajir West MP Ahmed Kolos said, “Within three months KPA deposited Sh3 billion in a small bank which was facing problems. Someone must surely take responsibility.”
Shinyalu MP Justus Kizito backed the calls for an investigation, stating that the KPA board either failed to carry out due diligence or was misled into depositing the money in a bank facing financial challenges.
“The current MD cannot be forced to carry the cross of someone else. This was theft of public money,” Kizito said.
The PIC is currently in Mombasa questioning several parastatal heads about audit queries raised in the 2014/2015 reports by former Auditor-General Dr Edward Ouko.
For More of This and Other Stories, Grab Your Copy of the Standard Newspaper.
