Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


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.

Read Also: Raila refuses to meet Treasury chief Rotich

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.

For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page!

- News24


Read more from our Users

Submitted by
Wilson Ochieng
Apologise for attack on Auditor G...

Apologise for attack on Auditor General, President Uhuru Kenyatta is told by Kisumu Senator Anyang Nyong'o. Read more...

Submitted by
Wilson Ochieng
Quit if you can't fight corruptio...

An MP has told President Uhuru Kenyatta to quit office if he cannot fight corruption. Read more...

Submitted by
Wilson Ochieng
Investigate Uhuru, Ruto for corru...

Investigate President Uhuru Kenyatta and DP William Ruto's offices over corruption, CORD leader Raila Odinga has said. Read more...

Submitted by
Victor Tinto
Its a 1 horse race to State House...

Its a 1 horse race to State House, DP William Ruto has mocked the CORD Coalition. Read more...

Submitted by
Victor Tinto
Enjoy your time left in power, We...

CORD Co Principal Moses Wetangu'la has told the Jubilee Coalition to enjoy its last few months in power before it is voted out in the 2017 elections. Read more...

Submitted by
Victor Tinto
Stop hiding in State House and sa...

ODM MP's have called on President Uhuru Kenyatta to release drought aid and to stop sitting on public funds. Read more...