Kenya owes Anglo Leasing firm Sh4bn - News Summed Up

Kenya owes Anglo Leasing firm Sh4bn


Upon being shown the Attorney-General’s advice and the promissory notes, Treasury Principal Secretary Kamau Thugge on Wednesday said on the face of it, they were indeed irrevocable. By ABIUD OCHIENGMore by this AuthorKenya still owes one of the firms that dealt in the Anglo Leasing contracts more than Sh4 billion through promissory notes, the High Court heard on Wednesday. Upon being shown the Attorney-General’s advice and the promissory notes, Treasury Principal Secretary Kamau Thugge on Wednesday said on the face of it, they were indeed irrevocable. PROMISSORY NOTESHe, however, said that, “the Treasury’s position was that the promissory notes were cancelled”. BE PROSECUTEDDefence lawyer Ahmednasir Abdullahi put Dr Thugge to task, questioning why the Treasury ignored the advisory opinion from the Attorney-General who had affirmed that the promissory notes were irrevocable.


Source: Daily Nation July 05, 2017 22:18 UTC



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