Government commissioned audit has finally revealed how the controversial Ksh250 Billion Eurobond was spent since acquisition in 2014.
According to a report by an international auditor, PKF International, every penny that arose from the bond was appropriately spent and could be accounted for.
The findings tabled in Parliament on Thursday further disclosed that the money was either paid out for legitimate purposes or directed to a consolidated fund.
"There is sufficient evidence that all the proceeds of the sovereign bond were either eventually received into the Consolidated Fund or paid out for authorised purposes," read the report.
The audit was commissioned by the National Treasury headed by CS Henry Rotich who sought legal opinion from the Office of the Attorney-General.
The report was presented to the parliament and the Public Accounts Committee chaired by Ugunja MP Opiyo Wandayi was preparing to asses the report before giving an address to the house.
The bond had come under fire in 2014 and 2015 with the opposition leader Raila Odinga claiming that some of the funds proceeded to people's pockets.
Just to clarify, the report further stated, "The National Treasury obtained the authority of the Controller of Budget in line with the provisions of the Constitution, and therefore met the requirements."
The report further showed that Ksh53.2 Billion was paid directly from an offshore account towards settling a government loan but was approved by the Controller of Budget.
Ouko could not independently not verify the claim.
