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Originally published by Citizen DigitalJuly 31, 2025
2d ago
MPs call for special audit into National Oil, Rubis deal

MPs call for special audit into National Oil, Rubis deal..
✨ Key Highlights
Members of Parliament have called for a special audit into the National Oil Corporation of Kenya (NOCK) and its partnership with Rubis Energy Kenya, citing "lack of transparency" and severe financial distress. The Public Investments Committee on Commercial Affairs and Energy expressed grave concerns, stating NOCK is "no longer a going concern."
- MPs want the Auditor-General to investigate the circumstances and financial implications of the Rubis deal, including whether the capital injected is a loan and if it was guaranteed by the National Treasury.
- According to the committee, NOCK owes Ksh.3.4 billion to KCB and Ksh.2.9 billion to Stanbic Bank, leading to an inability to pay staff or maintain fuel stations.
- The committee, chaired by Pokot South MP David Pkosing, has directed NOCK to suspend its agreement with Rubis Energy for one month, pending the audit report due by August 14, 2025.
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