NATIONAL YOUTH SERVICE MISSING MILLIONS
Director of Criminal Investigations George Kinoti has announced that 40 people have been summoned for questioning tomorrow (Monday) over allegations that Sh9 billion ($90 million) was siphoned off from the National Youth Service (NSY).
Those summoned to police headquarters off Kiambu Road include Principal Secretary Lillian Mbogo-Omollo and the former Director-General of the NSY, Richard Ndubai.
Most of those summoned are accountants, procurement officers and supplied management officials, along with suppliers and directors of companies that did business with the NSY.
The list of companies under investigation includes Firstling Supplies and Flagstone Merchants who are alleged to have between them received Sh1.7 billion from the NYS in November and December of 2017.
The investigation by the Department of Criminal Investigation (DCI) will apparently look into allegations that double or even quadruple payments were made supplies, with multiple payments being authorised to companies from the Integrated Financial Management Information System (IFMIS).
SIX BANKS UNDER INVESTIGATION
DCI officers are reportedly investigating transactions through commercial banks and poring over NSY documents. It is believed that six banks are under investigation.
Ironically, many genuine suppliers faced bankruptcy as a result of obtaining bank loans backed by Local Purchase Orders from the NSY which, however, has not honoured such LPOs since 2016.