1 Billion Covid-19 Funds Missing From Treasury

Just where did covid-19 money go?

This is the question many Kenyans will be asking after it emerged that treasury cannot account for millions of shillings collected through the Covid-19 task force set up by President Uhuru Kenyatta in 2020.

This latest revelation continues to cast doubt on the government’s effort to weed out corruption.

According to the Star, the Auditor General Nancy Gathungu reports that at least fund Sh1.3 billion had been collected by December 31, 2020.

But in a twist of events, Treasury PS Julias Muia has said that the money cannot be accounted for.

Appearing before the National Assembly’s Public Accounts Committee, the PS said the monies raised by the task force did not reflect in their books as they were not part of the fund.

MPs heard that the public fund, which was set up under PFM Act, was turned into a private limited company in total breach of the law.

“As National Treasury, we did not participate on what was going on in the company,” Muia said.

Interestingly, according to Legal Notice that set up the fund, Treasury PS was to be the fund’s administrator, something that changed after it acquired the private status.

“We never got sight of the bank account.”

President Uhuru Kenyatta appointed the 12 members team in March 2020.

MPs are probing the whereabouts of the cash that was raised by Kenyans to help in the fight against the Covid-19 pandemic in the country.

“If the legal notice was to establish the fund under PFM Act, at what time was the decision made to register it as a private company?” Posed PAC chairman Opiyo Wandayi.

He added: “I have never seen such a thing like this where something has both the character of being a public entity and private entity at the same time.”

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