Nairobi, Jan. 30 -- The Auditor-General Nancy Gathungu has questioned delays in the winding up of eight dormant funds, including those created in the colonial era, whose closure the Cabinet sanctioned two years ago.

Ms Gathungu says despite the Cabinet approving the winding up of the eight dormant national government public funds on March 2, 2021, the National Assembly had not cleared their dissolution.

In 2013, the Treasury disclosed to Parliament that it was holding Sh802 million in six dormant accounts.

Some of the accounts were created in the colonial era and, in some cases, the money is tied up in companies that have since been put under liquidation.

The Treasury last year tabled a list of the eight funds and asked Parliament to ...