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
By making it possible for all citizens to monitor government expenditure in the Health and Education Sectors in Nairobi, Action for Transparency, A4T, helps uncover suspected corruption and mismanagement of public funds. The Social Audits under the A4T project…
The government on Tuesday released Sh2.5 billion for free primary education, a day after schools reopened for the third and final term.Education Principal Secretary Belio Kispang said Sh6.4 billion for subsidised secondary education will be released to schools by…