The Central Bank of Kenya has clarified that it received all the money from the Ksh200 Billion Eurobond contrary to reports which alleged that Ksh40 Billion was missing.
On Tuesday, CBK's communication director Wallace Kantai, through his Twitter account, gave a break down on when the money was received.
Kantai wrote: "On Eurobond II, 20/2/18 an account was opened at Citibank, 28/2/18 $1.999b was received into this account. 12/3/18 transferred the entire amount to Consolidated Fund account at CBK, and converted into Ksh 201.980b. The Funds are now available to GoK/ Treasury to use."
A source who spoke to Kenyans.co.ke under condition of anonymity also affirmed that the CBK had received all the money from the Eurobond.
[caption caption="Treasury CS Henry Rotich"]
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The Standard newspaper had earlier on reported that CBK had received Sh169 Billion from the proceeds of Eurobond II, according to the bank’s statistical bulletin published on Monday.
It further indicated that the amount was Sh40 Billion short of the total amount borrowed by the country.
In 2014, Treasury used Eurobond proceeds to pay a Sh60 Billion syndicated loan from an offshore account, a move which was criticised by the Controller of Budget over breach of the Constitution.
The Constitution requires the money to be deposited at the consolidated accounts first and any expenses approved by Controller of Budget Agnes Odhiambo.
The Controller of Budget recanted her statement later and the Treasury wrote to the office on June 28, 2014, seeking approval for the repayment of the syndicated loan.
[caption caption="NASA Leader Raila Odinga"]
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NASA leader Raila Odinga repeatedly alleged that money from the first Eurobond in 2014 never reached the country.
