Kidero's Foundation Deregistered by NGO Coordination Board

  • Nairobi Governor Evans Kidero's Foundation was on Tuesday deregistered by the Non-governmental Organisation (NGO) Coordination Board.

    The registration of the Foundation, which was at the centre of a Sh2.7 Billion controversy in 2016, was cancelled for failing to comply with the terms and regulations of the Board.

    According to a letter sent by the Board Executive Director Fazul Mahamed, the organisation had also failed to file returns and was operating unauthorised bank accounts.

    “Your organisation has breached the provisions of Section 12 (4) read together with Regulation 13 and Clause 10 of the terms and conditions attached to your certificate of registration by opening and operating unauthorised bank accounts,” read part of the letter.

    The Board further raised issues of conflicts of interest noting that some officials of the County government were benefiting from the Foundation.

    "Several senior employees of the Nairobi County Government are also beneficiaries of the Foundation’s funds. It is not clear why County Government employees should receive any funds from the Foundation,” stated the letter.

    The NGO Board communicated the same to the Central of Kenya seeking to have the organisation's assets frozen until a full audit is conducted.

    In December, the regulator threatened to freeze the foundation's assets after questions were raised regarding Sh2.7 Billion found in the organisation's bank accounts.

    Read Also: Kidero Foundation Bank Accounts Under Investigation