GDC boss sucked into fresh scandal linked to top staff - News Summed Up

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GDC boss sucked into fresh scandal linked to top staff


Interestingly, the GDC boss made commitments to have the company repay the bank loan using public funds without deducting the amount from the employee’s monthly salary. However, MPs, elected after every five years, have access to a Sh20 million mortgage facility under special arrangement payable within the five years of service in a single term. The GDC Managing Director instructed KCB, through a letter ref GDC/MD/02/4a/RM/rm of September 2018, to convert the loan to a non-existent staff mortgage scheme. It is also important to note that having been employed on a four-year contract, Mr Cheruiyot required a super salary to repay the Sh20 million within the four years. “He should be held to account for abuse of office by accessing the GDC staff mortgage scheme before it was operationalised in contravention to the laid-down regulations and guidelines for staff house mortgage scheme,” Mr Shitsama said in an audit report of September 14, 2018.


Source: Daily Nation December 29, 2019 06:00 UTC



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