K
Originally published by Kenyans
📰 Read Full Article
top
November 12, 2025
2h ago

Nairobi County Govt on the Spot for Changing Principal Banker

Nairobi County Govt on the Spot for Changing Principal Banker

The Nairobi county government has ordered some of its institutions to shift their bank accounts from a tier-one bank to another bank...

✨ Key Highlights

Nairobi Senator Edwin Sifuna has criticized the Nairobi County Government's decision to change the principal banker for all county healthcare facilities, alleging corruption. This move, directed by County Secretary and Head of Public Service, Godfrey Akumali, mandates a shift from a tier-one bank to another bank.

  • The directive was issued on November 5, following a resolution on October 28.
  • Senator Sifuna questioned the shift from a reputable tier one bank to a tier 3 bank, suggesting corruption.
  • The change contradicts financial regulations requiring all county accounts to be in a single bank for oversight, as per the Public Finance Management (PFM) Act (2012).

Continue Reading

Read the complete article from Kenyans

📰 Read Full Article