Wanjigi raises alarm over alleged Ksh.150B ‘hidden’ in Treasury accounts

Safina Party leader Jimi Wanjigi has raised alarm over what he terms as massive financial irregularities within government accounts, accusing the National Treasury of concealing billions of shillings from public scrutiny.

Wanjigi pointed to sudden and unexplained budgetary fluctuations, including a sharp rise in the State House allocation from Ksh.529 million to Ksh.12 billion, and demanded full disclosure of a shadow account allegedly holding Ksh.150.7 billion.

“It's just plainly lying. They lie with figures, they lie with speech, they are now lying on our bank statements and they’ve been doing it for a while. This time they have been caught and when they were caught, they tried to correct their mistake. When they tried to correct their mistake, they left something dangling — Ksh.150 billion outside our main bank account that they cannot explain," he stated.

Wanjigi further questioned the existence of what he referred to as a “sovereign bond account,” saying there has been no public disclosure of any recent borrowing that would justify such funds.

“They call it a sovereign bond account. I don’t know whether any of you members of the press know of a bond that we have gone out on the market for — that is, over 1 billion dollars — whether we have gone on the market to secure a Eurobond or such bonds that we know nothing of,” he said.

“Something is clearly wrong in the Treasury. They seem to be facing a problem, and we know the problem — the problem is they don’t have money.”

His remarks come amid growing scrutiny of government spending and public finance management, with calls mounting for greater transparency and accountability in the handling of public funds.