Treasury Cabinet Secretary John Mbadi has refuted claims that he admitted to misleading lawmakers and the public about the National Infrastructure Fund (NIF), stating his remarks were misinterpreted by The Standard newspaper.

• The newspaper reported that Mbadi admitted in court the NIF was never incorporated and its name was not secured, contradicting earlier statements.
• Key figures involved include Treasury Cabinet Secretary John Mbadi and The Standard newspaper.
• Mbadi emphasized that the National Infrastructure Fund Bill is currently before Parliament, awaiting approval, and stressed that the fund is designed to attract private sector capital, not operate on government budget allocations.