Kenya’s Finance Minister, Others Arrested Amid Corruption Allegation

  • 📰 channelstv
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Kenya’s Finance Minister, Others Arrested Amid Corruption Allegation.

Finance Minister of Kenya, Henry Rotich speaks during a panel discussion on the State of the Africa Region at the World Bank IMF Spring Meetings in Washington, DC. ZACH GIBSON / AFPKenya’s Finance Minister Henry Rotich and other treasury officials were arrested Monday on corruption and fraud charges over a multi-million dollar project to build two mega-dams, police said.

Haji said the conception, procurement and payment processes for the dam project — part of a bid to improve water supply in the drought-prone country — was “riddled with irregularities”. According to the contract, the project was to cost a total of $450 million , but the treasury had increased this amount by $164 million “without regard to performance or works,” said Haji.Another $6 million was paid out for the resettlement of people living in areas that would be affected by the project, but there is no evidence of land being acquired for this, the chief prosecutor said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Let's try to emulate Kenya on this....

Can this happen in Nigeria of today! Emphatically NO!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kenya Finance Minister Arrested For CorruptionKenya’s finance minister has surrendered himself to the police after the chief prosecutor ordered his arrest over allegations of corruption. Henry Rotich is accused of flouting procurement procedures in awarding a contract worth over $450m (£405m) for the construction of two dams to the Italian company CMC de Ravenna. In March Mr Rotich denied any […] God When will this happen in nigeria
Source: LeadershipNGA - 🏆 4. / 77 Read more »

UK finance minister says will quit if Johnson becomes PM
Source: MobilePunch - 🏆 8. / 63 Read more »

UK Finance Minister Says Will Quit If Johnson Becomes PMUK Finance Minister Says Will Quit If Johnson Becomes PM.
Source: channelstv - 🏆 7. / 63 Read more »

UK finance minister to quit if Johnson becomes PM | The Guardian Nigeria News - Nigeria and World NewsBritish finance minister Philip Hammond said Sunday he would make a point of resigning before Boris Johnson became prime minister, saying he could never agree to his Brexit strategy.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

BPE, InfraCredit sign MoU on infrastructure finance – Daily TrustThe Bureau of Public Enterprises, BPE and Infrastructure Credit Guarantee Company Limited (InfraCredit) have signed a Memorandum of Under...
Source: Daily Trust - 🏆 13. / 51 Read more »