3.9 Billion UWEZO fund gone. Profile photo of new currency. PHOTO | BANA
3.9 Billion UWEZO fund gone. Profile photo of new currency. PHOTO | BANA

Funds that were meant to improve youths, Women, and People with disability have improved the people with all abilities according to the Auditor General Edward Ouko.

Sh3.9 billion of Uwezo Funds meant to be distributed to various groups across the country cannot be accounted for, according to the latest report by Auditor-General Edward Ouko.

The report for the financial year 2017/2018 tabled in Parliament by Majority Leader Aden Duale indicate there are no documents showing the groups or the amounts of money they received. Also, there were also no debtors ledgers detailing the loans issued by the fund since its inception or the repayments made.

"There were also no comprehensive loan listings and/or aging analysis in support of outstanding loans. Consequently, the accuracy, completeness, validity, and recoverability of the unsupported and unaccounted for loans to group balance of Sh3,920,225,398 cannot be confirmed,” says the report.

3.9 Billion Uwezo fund scam comes after Ksh. 700Million graft in the youth fund. This was the money to benefit youths across the country. 

Kenya has over 30 Million youths and it is estimated that only a quarter of them are employed both in the formal and informal sector.

Post a Comment

What is your say on this

Previous Post Next Post