Section 10 (1) of the PFM (COVID-19 Emergency Response Fund) Regulations, 2020 requires the Fund Administrator to open Bank Accounts with the approval of the Board as may be approved by The National Treasury. The audit established that, the Fund opened a Bank Account with Absa Bank Kenya PLC, the account name being Kenya COVID-19 Fund, Account Number 2042554653 at Absa Towers Branch. Though the decision to open the Bank Account was approved by the Fund Board, there was no evidence of approval by the Cabinet Secretary to The National Treasury
You May Also Like
A4T team Abraham Mariita and Samuel Komu were invited to breakfast show at Mtaani Radio, a community radio station located in Dagoretti area in Nairobi. The duo discussed the importance of promoting accountability and transparency in use of public…
The Hunger Safety Net Programme was launched in 2013 in Kenya, to address poverty, hunger and vulnerability of the poor in four arid and semi-arid land (ASAL) counties of Turkana, Mandera, Marsabit and Wajir, through providing cash transfers. However,…