By PAUL WAFULAMore by this AuthorThe Treasury has responded to the special report on the Eurobond, which saw Auditor-General Edward Ouko clear the loan but raised a fresh scandal. Treasury Principal Secretary Kamau Thugge told the Nation that he was happy that Mr Ouko had vindicated their position on the Eurobond billions. He added that the bigger story for the country was that “no Eurobond money went missing as had been alleged”. In his report, Mr Ouko confirmed that indeed all the Sh280 billion borrowed was received after paying off a syndicated loan of Sh53.2billion and other transaction fees. According to Mr Ouko, the Treasury explained that the funds were fungible, went into one pot — the National Exchequer Accounts at the Central Bank of Kenya and therefore not identifiable to any particular infrastructure project.

Source: Daily Nation April 25, 2019 07:18 UTC