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Originally published by Nation Counties
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June 16, 2026
2h ago

Treasury targets counties 'secret accounts' in expanded reform push

Treasury targets counties 'secret accounts' in expanded reform push

Authorities fear 5,476 accounts are being used as conduits to siphon public funds...

✨ Key Highlights

The National Treasury is expanding its reform agenda to target county governments' unauthorized "secret accounts," aiming to enhance public financial management and combat fund misappropriation.

  • Authorities fear over 5,476 unauthorized county bank accounts are being used to siphon public funds.
  • National Treasury Cabinet Secretary John Mbadi announced the extension of the Treasury Single Account (TSA) framework to counties in the 2026/27 financial year.
  • This initiative follows the successful rollout of TSA for government Ministries, Departments, and Agencies (MDAs), which reportedly reduced overdraft financing costs by 61 percent.

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