Ouko seeks more time for forensic Eurobond audit

February 5, 2016 4:54 pm
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Ouko says his office will have to conduct a special audit in all ministries in the National Government before tabling the forensic report to the National Assembly's Public Accounts Committee/FILE
Ouko says his office will have to conduct a special audit in all ministries in the National Government before tabling the forensic report to the National Assembly’s Public Accounts Committee/FILE
NAIVASHA, Kenya, Feb 5 – Auditor-General Edward Ouko has asked for more time to conduct a forensic audit on the use of the Eurobond proceeds.

Ouko says his office will have to conduct a special audit in all ministries in the National Government before tabling the forensic report to the National Assembly’s Public Accounts Committee.

Speaking in Naivasha during a media workshop, Ouko promised to deliver the Eurobond special audit report to PAC once the probe is completed in all ministries which handled the Eurobond proceeds.

“The auditor has never talked… everybody else has talked and everybody has done investigations; the EACC and the DCI but eventually what has happened is that the first port of call should have been for the system to go in, we will give time to do a comprehensive list and look at this issue and come back and give us a report that we can discuss,” he said.

“The Eurobond issue requires a deeper look, because there is the financing aspect; people are only focusing on where did the money go, but there is the appropriation, how was it spent, we need to go back to the ministries and evaluate their programmes to understand what happened in between (the financing pillar and appropriation pillar),” the Auditor-General emphasized.

The Auditor-General has however faulted other State agencies for overlooking his office by conducting investigations on the Eurobond saga before his office delivers the audit report for the 2014/2015 financial year.

“Kenyans should understand the amount of heat that this issue has brought, and the number of people who have intervened so I have had to move carefully. We are working but we are on the ground with so many challenges because of the normal nature of the cat and mouse games which are usually played.”

Last year PAC directed the Auditor-General to conduct a forensic audit on the use of Eurobond proceeds following allegations by Opposition leaders that the government could not account for Sh140 billion.

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