County governments in Kenya are under increased scrutiny following allegations of misusing public funds. The Senate is investigating hundreds of commercial bank accounts held by counties, suspecting they are of use for illicit activities.
Governors defend their actions, stating that no law limits the number of accounts counties can operate. The Controller of Budget has flagged thousands of these accounts as illegal since they violate regulations requiring county funds to be held at the Central Bank of Kenya.
Counties like Bungoma, Baringo, Migori, and Kwale have many commercial bank accounts. Senators are concerned that this makes it difficult to track government spending and increases the risk of corruption.
Governors argue that the accounts are necessary for various reasons, including donor requirements. Senator Dr. Oburu Oginga expressed concern over the large number of accounts, suggesting it could lead to corruption. He says counties should find ways to reduce the number of accounts. Lawmakers questioned the source of funds and the necessity of so many accounts. They emphasized the need for stricter regulations to prevent misuse and ensure accountability.
The Senate’s investigation aims to determine if there has been any wrong doing and to establish clear guidelines for county bank accounts. This investigation aims to enhance transparency and ensure appropriate use.
Also read: World Bank Warns on Kenya’s FDI-Tax Hikes
