{"id":782008,"date":"2025-10-07T18:45:00","date_gmt":"2025-10-07T15:45:00","guid":{"rendered":"https:\/\/www.capitalfm.co.ke\/news\/?p=782008"},"modified":"2025-10-07T17:55:47","modified_gmt":"2025-10-07T14:55:47","slug":"senators-demand-audit-access-to-all-5400-county-bank-accounts-amid-misuse-fears","status":"publish","type":"post","link":"https:\/\/www.capitalfm.co.ke\/news\/2025\/10\/senators-demand-audit-access-to-all-5400-county-bank-accounts-amid-misuse-fears\/","title":{"rendered":"Senators demand audit access to all 5,400 county bank accounts amid misuse fears"},"content":{"rendered":"\n<p><strong>BUSIA, Kenya Oct 7 &#8211; Senators are pushing to curb the ballooning number of unauthorized bank accounts operated by county governments in commercial banks, warning that the loophole is exposing billions of shillings in public funds to potential misuse.<\/strong><\/p>\n\n\n\n<p>The Senate\u2019s Devolution and Intergovernmental Relations Committee is calling for a review of the Public Finance Management (National Government) Regulations, 2015 to grant the Central Bank of Kenya (CBK), the Controller of Budget (CoB), and the Auditor-General full access to all county-operated accounts held in commercial banks.<\/p>\n\n\n\n<p>The lawmakers are also urging the immediate closure of all inactive accounts, with any remaining balances to be transferred to the County Revenue Fund (CRF).<\/p>\n\n\n\n<p>The Auditor-General\u2019s Office has flagged serious discrepancies and lack of transparency in county financial records, attributing the problem to weak regulation of commercial bank accounts, which has led to incomplete and inaccurate reporting.<\/p>\n\n\n\n<p>Controller of Budget Margaret Nyakang\u2019o disclosed that counties are operating more than 5,400 commercial bank accounts, many of which have not been approved by her office. <\/p>\n\n\n\n<p>She warned that this situation could facilitate illegal transactions and severely undermine fiscal discipline.<\/p>\n\n\n\n<p>The report, tabled by Wajir Senator Sheikh Abbas, highlights inconsistencies in the Public Finance Management (PFM) Act, which it says have contributed to regulatory loopholes exploited by some counties.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Controller of Budget Margaret Nyakang\u2019o disclosed that counties are operating more than 5,400 commercial bank accounts, many of which have not been approved by her office. <\/p>\n","protected":false},"author":14288,"featured_media":782009,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2495,25,1,26,7515],"tags":[16027,3615,14573,1981,491,27439,27415],"coauthors":[2156],"class_list":["post-782008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-devolution-conference","category-headlines","category-kenya","category-top-stories","category-top-story","tag-auditor-general","tag-busia","tag-controller-of-budget","tag-featured","tag-kenya","tag-public-finance-management","tag-senate-mashinani"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v27.5) - 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Kenya breaking news | Kenya news today | Capitalfm.co.ke\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.capitalfm.co.ke\/news\/2025\/10\/senators-demand-audit-access-to-all-5400-county-bank-accounts-amid-misuse-fears\/\" \/>\n<meta property=\"og:site_name\" content=\"Capital News\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/capitalfmkenya\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-07T15:45:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.capitalfm.co.ke\/news\/files\/2025\/10\/Senate-Commitee-on-Devolution-Intergovernmental-Relations-File-Photo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"566\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IRENE MWANGI\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@capitalfmkenya\" \/>\n<meta name=\"twitter:site\" content=\"@capitalfmkenya\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"IRENE MWANGI\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/news\\\/2025\\\/10\\\/senators-demand-audit-access-to-all-5400-county-bank-accounts-amid-misuse-fears\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/news\\\/2025\\\/10\\\/senators-demand-audit-access-to-all-5400-county-bank-accounts-amid-misuse-fears\\\/\"},\"author\":{\"name\":\"IRENE MWANGI\",\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/news\\\/#\\\/schema\\\/person\\\/ef7fad5d097c1fd72dbee3f8db43ac1a\"},\"headline\":\"Senators demand audit access to all 5,400 county bank accounts amid misuse fears\",\"datePublished\":\"2025-10-07T15:45:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/news\\\/2025\\\/10\\\/senators-demand-audit-access-to-all-5400-county-bank-accounts-amid-misuse-fears\\\/\"},\"wordCount\":225,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/news\\\/2025\\\/10\\\/senators-demand-audit-access-to-all-5400-county-bank-accounts-amid-misuse-fears\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/news\\\/files\\\/2025\\\/10\\\/Senate-Commitee-on-Devolution-Intergovernmental-Relations-File-Photo.jpg\",\"keywords\":[\"Auditor General\",\"Busia\",\"Controller of Budget\",\"featured\",\"Kenya\",\"Public Finance Management\",\"Senate Mashinani\"],\"articleSection\":[\"DEVOLUTION CONFERENCE\",\"Headlines\",\"Kenya\",\"Top stories\",\"top story\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.capitalfm.co.ke\\\/news\\\/2025\\\/10\\\/senators-demand-audit-access-to-all-5400-county-bank-accounts-amid-misuse-fears\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/news\\\/2025\\\/10\\\/senators-demand-audit-access-to-all-5400-county-bank-accounts-amid-misuse-fears\\\/\",\"url\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/news\\\/2025\\\/10\\\/senators-demand-audit-access-to-all-5400-county-bank-accounts-amid-misuse-fears\\\/\",\"name\":\"Senators demand audit access to all 5,400 county bank accounts amid misuse fears &#187; Capital News\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/news\\\/2025\\\/10\\\/senators-demand-audit-access-to-all-5400-county-bank-accounts-amid-misuse-fears\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/news\\\/2025\\\/10\\\/senators-demand-audit-access-to-all-5400-county-bank-accounts-amid-misuse-fears\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/news\\\/files\\\/2025\\\/10\\\/Senate-Commitee-on-Devolution-Intergovernmental-Relations-File-Photo.jpg\",\"datePublished\":\"2025-10-07T15:45:00+00:00\",\"description\":\"Controller of Budget Margaret Nyakang\u2019o disclosed that counties are operating more than 5,400 commercial bank accounts, many of which have not been approved by her office. - 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