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Originally published by Kenyans
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September 28, 2026
1h ago

County on the Spot Over Ksh96 Million Held by Bank for 7 Years

County on the Spot Over Ksh96 Million Held by Bank for 7 Years

The governor was at pains to explain why Ksh96 million remained untouched in a bank for more than seven years...

✨ Key Highlights

Machakos County is facing scrutiny over Ksh96 million held by a bank since 2019 as security for an employee loan scheme.

  • Ksh96 million in public funds is held as collateral by SBM Bank.
  • The Senate Committee on County Public Investments and Special Funds raised concerns about the arrangement.
  • Employees receiving loans are also required to provide personal security, drawing further criticism.

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