Focus shifts to Anglo Leasing recovery following payment
21 May 2014, 17:24
Nairobi - The highly debated KES 1.4 billion Anglo Leasing payments have been completed, the government has said.
The payments were made Monday May 19, 2014 as communicated to parliament by Treasury Principal Secretary Kamau Thige.
Thige was addressing the parliamentary committee on Accounts where he made the revelation, Wednesday afternoon.
" They were made on Monday May 19, he said.
He did not however want to disclose how and why they were made and after pressure from the commitee could only add a few more descriptions.
" The amounts were paid to the Natwest Bank account of Travers Smith, LLP, the British law firm representing the two companies that won the Anglo Leasing suit, he added.
On whether there was confirmation that the payments were indeed made, he could only say that the communication was from State House.
" I do not have further details. I do know that they payments were made through a communique from State House, he added.
The revelation will bring a close to the matter which has seen lots of debate in the last couple of weeks, with president Uhuru Kenyatta promising that the money would be recovered.
" We will ensure that the money is recovered and that Kenya regains its sobriety, he said.
The Consumer Federation of Kenya COFEK termed the move disapponting but urged Kenyans to look forward to the government's promise to recover the money.
Lucas Onyango, a financial analyst termed the move final and was dis-believing of the process to recover the money.
" The government has already admitted that they lost the cases and I do not see whether they will be able to recover the money considering the complex processes involved, he said.
Attorney General Githu Muigai has also said that there is an appeal process as has the Law Society of Kenya which has been particularly unforgiving over the matter.
" The AG must explain why the option of an appeal has not been undertaken despite it being available for use, chairman Eric Mutua asked.
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