Controller of Budget Dr. Nyakango arrested
Controller of Budget Margaret Nyakango arrested by the police while at a public event in Mombasa
Controller of Budget Margaret Nyakango arrested by the police while at a public event in Mombasa.
According to reports, Nyakango was arrested in Mombasa and was set to face charges over complain made against her before she became the CoB.
Reports adds the complaint was made against her and 10 other people in 2016.
She and the 10 are supposed to face charges including conspiracy to defraud contrary to Section 317 of the Penal Code, operating a Sacco without a Licence Contrary to Section 24 as read with Section 66 of the Sacco Societies Act, 2008, forgery and uttering a false document c/s 353 of the Penal Code.
The Office of the Director of Public Prosecutions approved the charges in a letter to the DCI on November 30.
Sources said she was at a public event in Mombasa when she was trailed and arrested.
The arrest comes amidst series of expose by Controller of Budget Margaret Nyakango on misuse of public resources.
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She has also made claims of budgeted corruption in the government in which there exist gaps that facilitate corruption.
Nyakango recently warned that the government may soon be unable to render crucial services due to the weakening shilling against the dollar which has led to a sharp increase in public debt.
In her National Government Budget Implementation Review Report for 2022/23, Nyakang’o notes the country has a significant amount of public debt denominated in foreign currencies, which makes it vulnerable to currency fluctuations and exchange rate risks.
“The continuous depreciation of the Kenya shilling will necessitate an increase in the amount required for loan repayments. This will erode the government’s fiscal space and limit the implementation of other critical policies and programs, resulting in budget adjustments,” Nyakang’o said.
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