Busia Senator Okiya Omtata has raised questions on the missing Ksh 300 Billion from the new pubic audit conducted by Auditor General Nancy Gathungu on Wednesday November 26 2025.
The audit, presented on Tuesday, November 25, 2025, revealed staggering Ksh300 billion raised through government bonds is untraceable.
According to Gathungu's audit the KSh 300 billion was raised through government bonds between 2017 and 2023.
The audit report shows that the National Treasury collected KSh 2.97 trillion from domestic borrowing over the six-year period.
However, only KSh 2.67 trillion was deposited into the Consolidated Fund, leaving a KSh 300 billion discrepancy that the audit says was not explained.
The missing amount raises concerns over how bond proceeds, borrowed on behalf of all Kenyans, were handled.
Senator Omtatah warned that the figures point to a major accountability crisis within the National Treasury and the Central Bank of Kenya.
He said the country cannot ignore such a huge financial gap at a time when public debt continues to pressure households.
Omtatah insisted that Ksh 300 billion cannot simply ‘go missing, insisting that public finance laws require complete transparency.
"Money does not vanish, it is made to vanish. Those responsible must be held personally liable," stated Omtatah.
He added that if the Auditor General cannot trace funds raised through government bonds, then we are staring at a full-blown crisis of accountability.
The audit further revealed that part of the KSh 2.67 trillion traced was used to pay domestic debt instead of supporting development projects.
Omtatah stressed on Article 201 and 206 of the Constitution which require full disclosure and accountability in the management of public funds.
He noted that those responsible must be held personally liable for any mismanagement.
He vowed to escalate the matter in Parliament, the courts, and the public domain until clarity is provided on where the money went.
The Senator maintained that Kenya is not a private enterprise and that the Constitution must guide all public finance decisions.
He stated that the pursuit of answers will continue until Kenyans know exactly what happened to their money.
