, NAIROBI, Kenya, Dec 9 – Jubilee Members of Parliament have accused opposition leader Raila Odinga of causing a furore over the Eurobond because he missed out on a share of the projects it has financed.
The MPs led by leaders of the Majority in the National Assembly and Senate, Aden Duale and Kithure Kindiki respectively, said Odinga expected to collect commission on projects whose deals they claimed he entered into prior to the last general election and which he believed the funds raised through the Eurobond would finance.
They listed the projects they claim Odinga was keen to cash in on as the Greenfield airport project, the National Youth Service Second and Third Phase Equipment Programme and the Urban Commuter Train Project.
“All these controversial projects which the CORD leader hoped would be financed with the Eurobond are massive kickback schemes presented as critical national projects.
“Odinga is obviously angry at the Jubilee administration for its refusal to use the Eurobond to finance these rackets which were designed by shady and corrupt networks both inside and outside the Grand Coalition administration,” Kindiki alleged.
The Jubilee MPs also claimed that Odinga, as a co-principal in the coalition government that preceded the Jubilee administration, entered the country into debt worth Sh173 billion.
Debt that included the Sh53 billion syndicated loan for which the Jubilee administration paid using part of the funds raised through the Eurobond.
“The Jubilee administration has had to delay its 10,000Km roads programmes for two-and-a-half years in order to pay this debt,” Kindiki alledged.
They went so far as accusing Odinga and his unnamed associates of collecting Sh12 billion in facilitation fees when Kenya signed for Sh120 billion in loans.
“Why did the former Prime Minister chair the meeting which approved the contracts even after the Minister for Finance had stated publicly that there were no funds for the projects?” the Jubilee MPs questioned.
Duale said the Sh120 billion worth of loans were taken under the guise of road projects but the true intention was to finance Odinga’s 2013 run for Presidency.
“Just go and check which companies are listed as having undertaken the road projects,” he urged.