HomeNewsFertilizer Supplier Awarded Multibillion-shilling Tender Under Scrutiny for Potential Embezzlement of Taxpayers'...

Fertilizer Supplier Awarded Multibillion-shilling Tender Under Scrutiny for Potential Embezzlement of Taxpayers’ Funds

Financial sector regulators have raised concerns over suspicious transactions made by a company that was awarded a multibillion-shilling tender to supply subsidised fertiliser to the Kenya National Trading Corporation.

Mashambani Farm Inputs Eldoret Ltd was awarded a Sh10.2 billion tender to supply fertiliser but concerns have been raised over large and unexplained cash withdrawals and altered documents supporting big money transactions.

Financial Reporting Centre, the agency that tracks illicit money, and the Central Bank of Kenya, which regulates the banking sector, are investigating the firm’s activities over the past three months to confirm if state officials colluded with the company‚Äôs directors to embezzle taxpayers’ funds through the fertiliser subsidy programme.

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