I am sorry to put my point in that manner. But please look at the bigger picture. We want universal healthcare for all. So please contribute more so that the person poorer than you can access the public hospital

...talk of the truth of stereotypes... What he wanted to tell us is that he takes his meals from the Serena...but do I say?

The star Oct 3rd, 2009

BY CAROLE MAINA
RETIRED President Moi has been mentioned in a report tabled in court yesterday to show how the National Health Insurance Fund lost some of the Sh1.8 billion deposited in the Euro Bank which collapsed in 2003.

Also mentioned are former Cabinet ministers and some serving MPs in the case in which former NHIF managing director Ibrahim Hussein has denied abuse of office charges. According to the report, in 2001,the then minister for Medical Services Amukowa Anagwe gave approval for the NHIF to invest some of its money with the bank. He, however, limited his authority to only Sh200 million.

Later Hussein was summoned to State House through his personal assistant where he' met the Euro bank chairman Solomon Muthamia and South Imenti MP Gitobu Imanyara who prevailed upon him to support the bank by increasing the deposits. The fund subsequently invested Sh304,499,751.70 with the bank after Moi's intervention.

"The chief executive was summoned to State House where he met the head of state, Imanyara and Muthamia and was questioned on the redemption of the investments the Fund had made to Euro bank," the report says.

Imanyara complained that the bank could go under but Moi insisted on the need to support indigenous banks and advised Euro bank to protect the money. "The chief executive was advised to support the bank"" the reports further reads. At another meeting, Muthamia is said to have given the then President a briefcase containing money.

Subsequently the Fund deposited a further 175 million between January 2002 up to June 2002 and rolled over what was already bringing the total deposited to 479,499 754.70.

While testifying yesterday, former NHIF chief financial controller Stephen Wambugu produced detailed documents showing the huge transactions carried out between the collapsed bank and the NHIF. Wambugu said between 2000 and 2001, the Fund recalled all the investments. He said he met the directors of the bank who assured him that they would pump in new capital.

This was after he told them it was imperative that they refunded the investment.

Last Edited: Sat 03rd October 2009 at 09:09:13 PM

Is that @anyang' nyongo the real one?

The guy just needs to cut on arrogance and just face the very real issues Kenyan's have with his scheme. The best approach would have been to explain clearly what benefits the new scheme has, what they are doing to cut corruption and mismanagement at NHIF, Etc and then propose the new deductions. Instead? The arrogant talk!!! Nktest

@Nyong'o nyong'o ...You are the same one who claimed that Safcom at 5 shillings is cheaper than KQ IPO at 11.25. You are a professor of what?

We know you are trying to raise money for 2012 campaigns. You shoudl be asamed of your beard. Mafi ya kuku!