The Ethics and Anti-Corruption Commission (EACC) now wants CoB Margaret Nyakango charged over the controversial buyout of Telkom Kenya at a cost of Ksh.6 billion.
This comes after the Director of Public Prosecution (DPP) failed in his first swing at Nyakang’o this week. According to the DPP, CoB Margaret Nyakang’o is accused of fraud among other charges, crimes she allegedly committed in 2016 before she became Controller of Budget.
However, a petition filed by West Mugirango MP Stephen Mogaka through his lawyer Danstan Omari, the court ruled that Margaret Nyakang’o should not be arrested nor arraigned in court. Orders given by Justice Chacha Mwita to be effective till May 2024.
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In a speedy turn of events, the EACC now wants Nyakang’o and other co accused including former Treasury CS Ukur Yatani and Former Treasury PS Julius Muia.
According to EACC, Margaret Nyakang’o will be charged due to her role in the release of the colossal amount of money to aid the buy-out deal that happened a few days before the last general election.
Other accused persons targeted by EACC include: Telkom’s chairman of the board, the CEO, the Chief Finance Officer (CFO) and the Chief Strategy & Business Officer.
Responding to the allegations, former PS Julius Muia, while appearing before the joint sitting of the Departmental Committee on Finance and National Planning and the Departmental Committee on Communication Information and Innovation, argued that the Telkom acquisition was lawful and all legal procedures were followed.
“The National Treasury complied with all the legal requirements. The payment was lawful and in accordance with the constitution. It was all done in the interest of the Kenyan people.”
Other co accused persons including the CoB Margaret Nyakang’o are yet to release statements responding to the developing charges against them.