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Originally published by Capital Business
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business
June 23, 2026
7h ago

CoB flags county bank accounts lacking approvals

CoB flags county bank accounts lacking approvals

According to the County Governments Budget Implementation Review Report, county governments reported operating 6,585 commercial bank accounts as of March 31, 2026, up from 6,386 accounts reported three months earlier...

✨ Key Highlights

The Controller of Budget, Margaret Nyakang’o, has flagged numerous county government commercial bank accounts for lacking necessary approvals and documentation, raising transparency concerns.

  • 6,585 commercial bank accounts were reported by county governments as of March 31, 2026.
  • The Controller of Budget, Margaret Nyakang’o, is concerned about the lack of submitted authorisation letters for these accounts.
  • Meru County recorded the highest increase with 462 new accounts, with reasons for the surge not explained by affected counties.

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