Nairobi, July 14 -- Former Kenya Investment Authority (KenInvest) Susan Kikwai managing director risks arrest over payment of Sh10.6 million in a deal that ballooned nearly 50 times above the contract sum.
Parliament has recommended that Ms Kikwai, currently Kericho deputy governor, be surcharged over the payments that arose from her failure to settle a paltry Sh217,152 nine years ago for a consultancy service for the development of an investment policy framework.
The delayed payment saw the consultancy fees attract a monthly interest penalty of 3 percent, forcing the investment agency to pay the Sh10.6 million.
The National Assembly's Public Investments Committee (PIC) chaired by Mvita MP Abdulswamad Nassir has directed the Ethics and A...