OAG raises concerns over oversight, borrowing in infrastructure fund
The Auditor-General Nancy Gathungu urged lawmakers to realign the Bill with existing public finance and procurement laws. Kenya breaking news | Kenya news today |..
✨ Key Highlights
The Office of the Auditor-General (AoG) has raised significant concerns regarding legal, governance, and constitutional gaps in the proposed National Infrastructure Fund Bill, warning it could undermine oversight of public resources.
- The Auditor-General, Nancy Gathungu, flagged potential loopholes in borrowing power and asset disposal without clear safeguards.
- Concerns were raised about Clause 33 bypassing the Controller of Budget's constitutional mandate.
- The draft law seeks to establish a fund for large-scale infrastructure projects but requires substantial amendments to align with existing public finance and procurement laws.
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