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Kenya loses KES 400b annually through corruption and mismanagement

05 August 2015, 10:47 Kennedy Kariuki

Nairobi - UDF Nominated Senator Martha Wangari has criticized parastatals Chief Executive Officers of mismanaging the public funds allocated to the firms by the government.

The Senator was reacting to recent reports that Kenya Airways had incurred KES 26 billion loss that cannot be accounted for by the management.

Wangari called for a special audit of the firm and top KQ managers' lifestyles and said if anyone is found culpable of financial misappropriation, the law should take its course.

“We cannot commence on bailout without ascertaining how the loss was incurred. People should be accountable of their action,” she said.

She added that several firms including Mumias Sugar Company had been mismanaged, with the government being forced to bail them out so they could continue with operations.

Read Also: Gumbo calls for forensic audit at KQ after record loss

“This is a serious trend the country is taking and we have to change it and those answerable prosecuted,” she said.

She also condemned the high rates of corruption in the country saying that an estimated KES 400 billion is lost annually through corrupt dealings and mismanagement.

Wangari meanwhile asserted that women will continue fighting for implementation of the two thirds gender rule.

“We are taking a fight with MP TM Kajwang’ who evicted women from parliament during the public participation forum,” she said.

She pointed that public participation and inclusivity is a constitutional right for all.

She was speaking during the UDF party NEC meeting at Sentrim Elementaita Hotel.

The meeting which was attended by seven members of parliament, with Wangari indicating that the party is still strong and in the process of restructuring itself.

She reminded those who have defected from the party after sponsoring them to their current positions that they risk losing their seats, and also refuted claims that the party had changed its name.

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