The Auditor-General has raised the alarm over the possible loss of Sh1.3 billion annually by Kenya Pipeline Company (KPC) through payments to the moribund Kenya Petroleum Refineries Limited (KPRL) . In the fiscal year 2021/2022 review, the auditor questioned KPC’s payments to the company, which ceased operations about 10 years ago. The auditor also questioned the criteria KPC was using to grant waivers to some oil marketing companies and not others without a policy. To remedy this, the committee directed KPC to work with various stakeholders to formulate a policy to guide the waivers to stop corruption or discrimination. The Auditor-General’s report on Kenya Pipeline for the year to June 30, 2022 shows expenditures of Sh13,791,313,695 as direct costs, including Sh2,530,110,019 for pipeline maintenance.

Source: Daily Nation May 09, 2024 06:34 UTC