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Anglo-Leasing Payout
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Euge
#31 Posted : Tuesday, April 29, 2014 10:42:22 AM
Rank: Elder

Joined: 8/4/2008
Posts: 2,849
Location: Rupi
Swenani wrote:
washiku wrote:
Euge wrote:
kingfisher wrote:
How much is to be paid?

And the reason given is that we must pay so that we can be able to BORROW!!! What kind of rubbish is this?


And what are we paying for? I would like to see that invoice. Arrrggggh!!


About KES 1.6 billion


I heard its Kshs.120 birrion.

#Myignoranceisvalid


I ask again. For which goods or services?
Lord, thank you!
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Swenani
#32 Posted : Tuesday, April 29, 2014 11:10:28 AM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
Euge wrote:
Swenani wrote:
washiku wrote:
Euge wrote:
kingfisher wrote:
How much is to be paid?

And the reason given is that we must pay so that we can be able to BORROW!!! What kind of rubbish is this?


And what are we paying for? I would like to see that invoice. Arrrggggh!!


About KES 1.6 billion


I heard its Kshs.120 birrion.

#Myignoranceisvalid


I ask again. For which goods or services?

Airburgers
If Obiero did it, Who Am I?
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Gordon Gekko
#33 Posted : Tuesday, April 29, 2014 11:32:25 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
The Legislature has no role in sanctioning any payment, that is for the Executive.
The Legislature allocates (budget) then monitors how the money has been consumed, through PAC and PIC.
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Gathige
#34 Posted : Tuesday, April 29, 2014 3:03:20 PM
Rank: Elder

Joined: 3/29/2011
Posts: 2,242
Kiraitu once said elections are a very expensive affair. When you see choppers flying around like kites around elections time, know someone has been paid big money and is willing to show it.

Walipwe pesa yao.
"Things that matter most must never be at the mercy of things that matter least." Goethe
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mkonomtupu
#35 Posted : Tuesday, April 29, 2014 5:13:44 PM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
Euge wrote:
Swenani wrote:
washiku wrote:
Euge wrote:
kingfisher wrote:
How much is to be paid?

And the reason given is that we must pay so that we can be able to BORROW!!! What kind of rubbish is this?


And what are we paying for? I would like to see that invoice. Arrrggggh!!


About KES 1.6 billion


I heard its Kshs.120 birrion.

#Myignoranceisvalid


I ask again. For which goods or services?


Kenya is paying because the GoK issued Irrevocable promissory notes i.e. sovereign guarantee of the debt. Promissory notes are payments in the form of sovereign paper. They are commitments by the Government of Kenya (GoK) to payments of specified amounts at specified times. Akin to bearer bonds, they can be redeemed by anyone holding them and presenting them to the GoK. They can also be traded on international financial markets.

No one held a gun to the dimwits who signed the contracts and issued the sovereign guarantees. We are paying because we didn't bother to defend the claims.

It does not matter if goods or services were supplied the bearer bonds is what matters. Did Kenya issue them? Yes
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vky
#36 Posted : Tuesday, April 29, 2014 7:02:47 PM
Rank: Member

Joined: 6/17/2010
Posts: 572
mkonomtupu wrote:
Kenya either pays up or forgets about the Eurobond, in Euro countries you don't get to escape contracts that you signed up or court orders. There is something called sanctity of contracts and no one lends to countries which tell you they won't pay up on their contracts. Only Banana countries do that. We are still paying the Kenre debt for that fertilizer plant which was not set up in 1970's


sanctity of contracts is paramount for any economy but contracts get vitiated but then again this is kenya
'One headache for famous medieval holy people was that someone might murder you to acquire your body parts for the relics trade'
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Angelica _ann
#37 Posted : Tuesday, April 29, 2014 7:04:58 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,937
Heh heh heh tutalipa tupende tusipende! That is why we needed Mr. Clean Peter Supuu in the house in the hill!

Looks like we are in this for the long haul - setting a precident to be used by others in future!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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alma
#38 Posted : Tuesday, April 29, 2014 9:02:59 PM
Rank: Elder

Joined: 7/20/2007
Posts: 4,432
I find it interesting that the 2pm gang can spend hours upon hours talking about jicho pevu and raira.

But when it comes to corruption they run away like cowards.

The next job for Amb. Amina is to go around the world telling the AU that we cannot pay for a company that does not exist for a contract that was never delivered.

It is only a Kenyan gov't that can pretend that its against the law to break a contract. Any kangaroo court can cause specific perfomance on a contract.

If they pay for this one, I will have my evidence that this gov't is corrupt to the core.
Jose: If I make it through this thug life, I'll see you one day. The Lord is the only way to stop the hurt.
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washiku
#39 Posted : Tuesday, April 29, 2014 9:42:45 PM
Rank: Chief

Joined: 5/9/2007
Posts: 13,095
alma wrote:
I find it interesting that the 2pm gang can spend hours upon hours talking about jicho pevu and raira.

But when it comes to corruption they run away like cowards.

The next job for Amb. Amina is to go around the world telling the AU that we cannot pay for a company that does not exist for a contract that was never delivered.

It is only a Kenyan gov't that can pretend that its against the law to break a contract. Any kangaroo court can cause specific perfomance on a contract.

If they pay for this one, I will have my evidence that this gov't is corrupt to the core.


@Alma si you have taught us over time that court orders, however ridiculous they might be, should always be obeyed for rule of law to prevail? The issue at hand is that we refused to pay, they went to court, we lost the case and thus the 1.6b that we couldn't defend the court said lipeni. How shall we navigate that? My opinion is that we use diplomacy and unleash Amina to tell England that they must help us fight corruption by stopping this thing. But again, they could tell us their courts are independent and they don't interfere. But back to my question, going by your lessons on rule of law, should we ignore the court ruling for our convinience?
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  | | Edit by user: Tuesday, April 29, 2014 9:48 PM | Reason: Not specified
alma
#40 Posted : Tuesday, April 29, 2014 9:47:15 PM
Rank: Elder

Joined: 7/20/2007
Posts: 4,432
washiku wrote:
alma wrote:
I find it interesting that the 2pm gang can spend hours upon hours talking about jicho pevu and raira.

But when it comes to corruption they run away like cowards.

The next job for Amb. Amina is to go around the world telling the AU that we cannot pay for a company that does not exist for a contract that was never delivered.

It is only a Kenyan gov't that can pretend that its against the law to break a contract. Any kangaroo court can cause specific perfomance on a contract.

If they pay for this one, I will have my evidence that this gov't is corrupt to the core.


@Alma si you have taught us over time that court orders, however ridiculous they might be, should always be obeyed for rule of law to prevail?


Aiii Washiku, is that going to be your argument. Ati court order. Yet your parliament says it will ignore all "illegal" court orders.

So your parliament sees it fit to ignore court orders about Jicho Pevu but not when someone is stealing from Kenyans in broad daylight.

Now as to the issue of court orders. They must follow them.

But I've not heard the Kenyatta Gov't fighting this thing anywhere. Or even seen Githu commenting on it.

Yaani, they can go around the whole world with private jets to talk about sovereign Kenya, but not when this corruption issue is brought up?

Bring me the case file that Githu has taken anywhere. Or the diplomatic effort to stop this daylight robbery.

Jose: If I make it through this thug life, I'll see you one day. The Lord is the only way to stop the hurt.
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