Gerald Kyalo. (geraldbway).
The Auditor General, Nancy Gathungu, has flagged a whopping Sh11 billion in unaccounted funds in the Talanta Stadium project, sparking concerns over financial mismanagement and transparency. The project's contract value ballooned from Sh35 billion to Sh45.8 billion without proper justification, raising eyebrows over the procurement process.
The audit reveals that the contract was awarded through direct procurement, bypassing open tender procedures, and the Attorney General's mandatory approval wasn't sought despite exceeding the Sh5 billion threshold. This has led to calls for a special audit to determine value for money.
*Key Findings:*
- *Unaccounted Funds*: Sh11 billion cannot be properly accounted for.
- *Contract Inflation*: Project cost increased from Sh35 billion to Sh45.8 billion without clear justification.
- *Procurement Irregularities*: Direct procurement method used, bypassing open tender procedures.
- *Lack of Approval*: Attorney General's clearance not sought despite exceeding Sh5 billion threshold.
The Talanta Stadium project is a key infrastructure development ahead of AFCON 2027, and this audit report is likely to prompt further scrutiny from oversight bodies and Parliament.
The audit reveals that the contract was awarded through direct procurement, bypassing open tender procedures, and the Attorney General's mandatory approval wasn't sought despite exceeding the Sh5 billion threshold. This has led to calls for a special audit to determine value for money.
*Key Findings:*
- *Unaccounted Funds*: Sh11 billion cannot be properly accounted for.
- *Contract Inflation*: Project cost increased from Sh35 billion to Sh45.8 billion without clear justification.
- *Procurement Irregularities*: Direct procurement method used, bypassing open tender procedures.
- *Lack of Approval*: Attorney General's clearance not sought despite exceeding Sh5 billion threshold.
The Talanta Stadium project is a key infrastructure development ahead of AFCON 2027, and this audit report is likely to prompt further scrutiny from oversight bodies and Parliament.
