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Youth Fund Scandal
Impunity
#41 Posted : Friday, October 06, 2017 9:31:27 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
Angelica _ann wrote:
I wonder why people steal like crazy yet at end of the day it is 6x6 .....


Vanity
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

hardwood
#42 Posted : Saturday, October 07, 2017 10:37:46 AM
Rank: Elder


Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
Impunity wrote:
Angelica _ann wrote:
I wonder why people steal like crazy yet at end of the day it is 6x6 .....


Vanity


It's better for a fly to die in a glass of milk that in a pit latrine.
kaka2za
#43 Posted : Saturday, October 07, 2017 11:53:16 AM
Rank: Elder


Joined: 10/3/2008
Posts: 4,057
Location: Gwitu
hardwood wrote:
Impunity wrote:
Angelica _ann wrote:
I wonder why people steal like crazy yet at end of the day it is 6x6 .....


Vanity


It's better for a fly to die in a glass of milk that in a pit latrine.


Get rich or die trying(Curtis James)
Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
murchr
#44 Posted : Thursday, May 24, 2018 11:37:40 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
Seven officials of the Youth Enterprise Development Fund (YEDF) have been suspended to pave way for investigations following questionable payments of over Ksh.10 million to four youth groups.

The said officers are to answer to queries on how the Youth Fund wired Ksh.10 million shillings to four youth groups, transactions red-flagged in an internal audit for the 2016/2017 financial year

The officers, who were suspended in March, include Mercy Cheruiyot who was adversely mentioned in the internal audit report for allegedly dishing out the cash unprocedurally.

Others include the Acting Head of Finance, Lending and Investment manager and Credit Officers from Kajiado North, Makadara and Bomet Central constituencies.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Angelica _ann
#45 Posted : Friday, May 25, 2018 5:36:53 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Looks like there is some crazy competition on who can out do the other in eating!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
limanika
#46 Posted : Friday, May 25, 2018 9:10:18 AM
Rank: Veteran


Joined: 9/21/2011
Posts: 2,032

Based on our history, Corruption is when you give a bribe to access a certain service.

What we are seeing is different. It is more of organized theft, or wanton plunder if you like.
murchr
#47 Posted : Monday, September 24, 2018 4:51:21 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
Business Daily wrote:
The State has managed to recover just a third of the Sh180 million stolen from the Youth Enterprise Development Fund (YEDF) after it took ownership of a Sh48.5 million luxury five-bedroom apartment in Lavington, Nairobi.

High Court judge Hedwig Ong’undi also allowed the Assets Recovery Agency (ARA) to recover Sh8.8 million held in an account belonging to businessman Ezekiel Owuor.

Most of the Sh180 million stolen from the youth fund was used to purchase luxury homes, pay debts and line the pockets of powerful individuals, law firms and companies.


Quote:
Businessman Mukuria Ngamau, for instance, used his company Quorandum Limited’s Chase Bank account to receive money from the youth fund and make several transactions with third parties, including the purchase of the duplex apartment in Lavington.

“An order of forfeiture is hereby issued against property known as Duplex apartment number C16 situated on LR No.209/5990/13 grant number 18295/9 and Sh8.8 million to the Assets Recovery Agency,” said Justice Ong’undi in a ruling delivered Friday.

The youth fund paid Quorandrum Sh180 million for information technology services, which it did not provide.


Remember him?

"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Angelica _ann
#48 Posted : Tuesday, January 08, 2019 5:56:39 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Veteran producer and former Chairperson of Youth Enterprise Fund Bruce Odhiambo passes on at Nairobi Hospital hours after being rushed to the ICU. Odhiambo was largely mentioned in the scandal that rocked the Fund forcing him to step aside. He owned Johari Clef record label. RIP
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
newfarer
#49 Posted : Tuesday, January 08, 2019 6:27:33 AM
Rank: Elder


Joined: 3/19/2010
Posts: 3,504
Location: Uganda
Impunity wrote:
Angelica _ann wrote:
I wonder why people steal like crazy yet at end of the day it is 6x6 .....


Vanity

vanity
punda amecheka
2012
#50 Posted : Wednesday, January 09, 2019 7:20:31 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
newfarer wrote:
Impunity wrote:
Angelica _ann wrote:
I wonder why people steal like crazy yet at end of the day it is 6x6 .....


Vanity

vanity


I believe this easy taxpayer money destroys people. Bruce was such a good humble man. I knew him. RIP.

BBI will solve it
:)
Kusadikika
#51 Posted : Wednesday, January 09, 2019 8:02:14 PM
Rank: Elder


Joined: 7/22/2008
Posts: 2,703
2012 wrote:
newfarer wrote:
Impunity wrote:
Angelica _ann wrote:
I wonder why people steal like crazy yet at end of the day it is 6x6 .....


Vanity

vanity


I believe this easy taxpayer money destroys people. Bruce was such a good humble man. I knew him. RIP.



I will never get tired sharing this story of Pahom Mugundaman:


http://www.online-literature.com/tolstoy/2738/
Apricot
#52 Posted : Thursday, January 10, 2019 12:11:00 AM
Rank: Member


Joined: 10/26/2011
Posts: 181
Location: Nairobi
Kusadikika wrote:
2012 wrote:
newfarer wrote:
Impunity wrote:
[quote=Angelica _ann]I wonder why people steal like crazy yet at end of the day it is 6x6 .....


Vanity

vanity


I believe this easy taxpayer money destroys people. Bruce was such a good humble man. I knew him. RIP.



I will never get tired sharing this story of Pahom Mugundaman:


http://www.online-literature.com/tolstoy/2738/[/quote]

You have a knack of posting interesting articles. I have read that Leo Tolstoy article before but not sure where. This time is was more interesting and apt to the discussion.
First time in history we can save the human race by laying in front of the TV and doing nothing. Let's not screw it up
maka
#53 Posted : Thursday, January 10, 2019 2:34:05 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Apricot wrote:
Kusadikika wrote:
2012 wrote:
newfarer wrote:
Impunity wrote:
[quote=Angelica _ann]I wonder why people steal like crazy yet at end of the day it is 6x6 .....


Vanity

vanity


I believe this easy taxpayer money destroys people. Bruce was such a good humble man. I knew him. RIP.



I will never get tired sharing this story of Pahom Mugundaman:


http://www.online-literature.com/tolstoy/2738/[/quote]

You have a knack of posting interesting articles. I have read that Leo Tolstoy article before but not sure where. This time is was more interesting and apt to the discussion.



Page doesn't exist.... 😕😕😕😕
possunt quia posse videntur
Speculz
#54 Posted : Thursday, January 10, 2019 7:46:40 AM
Rank: Member


Joined: 5/6/2011
Posts: 391
Location: Nairobi
maka wrote:
Apricot wrote:
Kusadikika wrote:
2012 wrote:
newfarer wrote:
Impunity wrote:
[quote=Angelica _ann]I wonder why people steal like crazy yet at end of the day it is 6x6 .....


Vanity

vanity


I believe this easy taxpayer money destroys people. Bruce was such a good humble man. I knew him. RIP.



I will never get tired sharing this story of Pahom Mugundaman:


http://www.online-literature.com/tolstoy/2738/[/quote]

You have a knack of posting interesting articles. I have read that Leo Tolstoy article before but not sure where. This time is was more interesting and apt to the discussion.



Page doesn't exist.... 😕😕😕😕


@Maka try removing the [ at the end of the link.

http://www.online-literature.com/tolstoy/2738/


"You can't have everything. Where would you put it?" - Stephen Wright
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