NATIONALNEWSPeople Daily

Sonko denies City Hall operating 20 secret accounts

Sarah Ndung’u @ndungusarah

Nairobi governor Mike Sonko has denied claims that City Hall has been operating more than 20 secret bank accounts. Sonko dismissed reports that the county government runs 31 bank accounts, four at the Central Bank and 27 at Commercial Bank, as misleading.

He said all revenue generated is banked in commercial banks but is first be swept and deposited at the Central Bank Revenue Fund. “Upon depositing, no money can be withdrawn from a Revenue Fund unless the Controller of Budget has approved such withdrawal,” said Sonko.

Speaking at City Hall yesterday, the county chief said investigations had been launched to establish the origin of the accounts in question. At the Central Bank, the county government has Revenue Account, Recurrent Account, Development Account and Road Maintenance Account.

According to the report tabled by Budget and Appropriations Committee chairman Robert Mbatia, City Hall has 15 accounts at Cooperative Bank, two accounts at Equity Bank, seven at National Bank, two at Kenya Commercial Bank and one at Chase Bank. According to the Public Finance Management Act, the county should have two main accounts.

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