Kenya: Treasury Denies Claims of Ksh1.3 Trillion in Irregular Exchequer Withdrawals

Following reports that over Ksh1.3 trillion has been withdrawn from the Central Bank of Kenya by both the national and county governments in just seven months, the National Treasury has responded.

In a statement on Sunday, March 2, Chris Kiptoo, the Principal Secretary, debunked the claims stating that although the exchequer requests and withdrawals were not automated by the end of the 2023/2024 financial year, strict legal and financial procedures were followed.

“A section of the media has…