Activists sue government over Eurobond cash
03 December 2015, 14:06
Nairobi - Two anti-corruption activists have sued President Uhuru Kenyatta, DP William Ruto and Treasury CS Henry Rotich over Eurobond cash.
Okiya Omtatah and Nyakina Gisebe want the three to account for the cash that was borrowed from the international markets, saying the cash was misappropriated.
According to Standard, the activists filed the suit at the Milimani Law Courts on Monday in a bid to unravel the mystery surrounding the money.
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Various opposition leaders have raised questions on how the money was used, with CORD leader Raila Odinga saying he has evidence that the money was misappropriated.
In June 2014, the government borrowed KES 250 billion through the Eurobond for infrastructure development and repayment of a syndicate loan the government owed international lenders.
Further reports indicate that the money was deposited in an offshore account, with the Treasury taking about one year to fully transfer it held to the Exchequer account. KES 87 billion has not yet been accounted for, raising questions.
The Director of Public Prosecutions, Keriako Tobiko has already ordered for investigations into the scandalous Eurobond scheme.
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