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Treasury reveals how it spent Eurobond cash

07 December 2015, 09:31

Nairobi - The Treasury has said that part of the Eurobond cash was given to various ministries, while the rest was used to repay a syndicated loan the government owed international lenders.

Speaking during a probe by EACC Saturday, Treasury CS, Henry Rotich said he has given the ministries three weeks to file their reports.

He revealed that KES 197 billion was allocated to various ministries, which the opposition has insisted has been stolen.

In a report published by Standard, the remaining KES 53 billion was used to repay the syndicated loan.

Read Also: Activists sue government over Eurobond cash

The Treasury PS, Kamau Thugge was also grilled by the anti-graft Commission and recorded statements over the Eurobond saga.

Rotich and Thugge said that they are now waiting for the ministries to account for the money allocated.

The EACC boss Walakhe Waqo has urged anyone with information on the alleged Eurobond scandal to volunteer it to aid with investigations.

- For more details visit Standard

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