Ruto allegedly wagers nation's financial stability in financial transactions, claims Nyoro
In a recent development, Kiharu MP Ndindi Nyoro has levelled criticism against President William Ruto's administration, accusing it of employing an opaque approach to financing that has resulted in accumulating over Sh469 billion in one year.
Nyoro's concerns revolve around several key issues:
- Talanta Sports Stadium Bonds: The MP has criticised the issuance of Sh44.7 billion bonds by Linzi Finco for the construction of the Talanta Sports Stadium. He argues that the lack of transparency surrounding the use of these funds is concerning.
- Securitisation of the Fuel Levy: Nyoro claims that the government's borrowing of Sh175 billion through the securitisation of the fuel levy is illegal and not approved by Parliament. He contends that this move prevented Kenyans from benefiting from lower global oil prices.
- Internal Security and Intelligence Funds: Nyoro has also expressed concern over the allocation of Sh200 billion for internal security and Sh50 billion for intelligence. He believes that these funds have not been effectively utilised.
Overall, Nyoro's criticism centres on the lack of transparency and Parliament's exclusion from these financial decisions. He warns that such secrecy threatens Kenya's financial sovereignty.
Meanwhile, the Talanta Stadium land saga continues to deepen, with no specific details provided about the use of the Sh44.7 billion bonds. The Talanta Stadium issue remains unresolved, and it is currently trending among Kenyans.
Elsewhere, the construction of a church at State House has become a topic of controversy. The Court has made a decision regarding the Sh1.2 billion church construction, but the details are yet to be disclosed.
In another development, a scandal has hit E-citizen, with no further details available at this time.
[1] Source: Standard Digital [2] Source: The Star
Note: The above article is a summary of the facts provided and does not contain any opinions or unrelated information.
- The controversy surrounding the Talanta Sports Stadium has not been settled, as the use of the Sh44.7 billion bonds remains unclear, and this issue continues to be a topic of general-news debate among Kenyans.
- A contentious issue in politics involves the government's borrowing of Sh175 billion through the securitisation of the fuel levy, which Kiharu MP Ndindi Nyoro alleges is illegal and not approved by Parliament, potentially impacting finance and business.
- Discussions about finance and business extend beyond the Talanta Sports Stadium and the securitisation of the fuel levy, as concerns exist over the allocation of Sh200 billion for internal security and Sh50 billion for intelligence, with Nyoro questioning their effective utilization.
