Nairobi County Budget Committee Ejects Nairobi Water Officials Over Ksh 2.3 Billion Loan Dispute

By Shadrack Nyakoe

The Nairobi County Assembly Budget Committee has expelled officials from the Nairobi Water and Sewerage Company (NCWSC) and Lap Trust who appeared on behalf of their superiors regarding a Ksh 2.3 billion loan request for the water company.

Seeking assembly approval for the loan, the NCWSC faced scrutiny from some MCAs questioning the deal’s integrity.

Budget Committee Chairperson Wilfred Oluoch Odalo expressed dissatisfaction with the representatives’ handling of the matter noting their absence from a crucial meeting intended to provide clarity on the loan application.

“We will be writing a letter again so that you appear in person next Tuesday. We need all the Nairobi Water board members and the managing director, Eng. Muguna, to attend in person. This is the last chance we are giving them,” said Odalo.

The committee’s decision to demand the presence of senior officials highlights the importance of transparency and accountability in financial dealings involving public funds.

The Ksh 2.3 billion loan is a significant amount, and the assembly seeks assurance that it will be managed responsibly and in the best interest of Nairobi’s residents.

The committee’s actions underscore the need for thorough scrutiny and due diligence in approving large financial transactions.

Ensuring that top management is directly involved in the discussions is crucial for maintaining the integrity and credibility of the process.

The outcome of the next meeting will likely have significant implications for the future of the loan application and the operations of the water company.

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