I do not understand why everyone is cheering Treasury for giving us a press release that raises more questions than answers. The fact that the report shows the money as being allocated to Ministries does not explain its use. Lets critically discuss the facts; 1. What was the purpose of the Euro bond, was it for infrastructure developments, if yes, which specific infrastructures have been developed in the respective Ministries. 2. Of key importance is to understand whether the cash was spent on recurring expenditure or on capital expenditure. a) If spent on capital expenditure, then we still need to be told which capital projects were funded, i.e which roads, or airports etc. b) If spent on recurrent expenditure, then we should be worried because we are living beyond our means and may have to borrow additional funds soon, was this the idea. 3. If the money was for budgetary support, as the Treasury statement seems to suggest, then is it possible to demonstrate the gap in funding that existed, what caused this gap and the assurances that the gap will not recur in future 4. Part of the money was used to retire a syndicated loan, what was the cost of retiring this loan (early repayment penalties) were subsequent borrowings ( in 2015 though T-Bills) cheaper than this loan. Can they confirm that we are still not repaying this syndicated loan an avenue for fraud. This is not a pissing contest, such well thought out inquiries into public expenditure are usefull for the good of the country. I am glad baba took this up vigorously. Treasury being able to account for the full amount is really the bear minimum in this instance as thats whats expected of them same as Baba is expected to question govt expenditure. I would like any of baba's lackey's in this forum to forward him this additional questions above so he can get kenyas answers from Rotich & Co. The answer they have given so far is not good enough and ultimately Kenyans are the winners when public finances are transparently spent for the good of all

www.the-star.co.ke/news/...ling-lies-eurobond-funds So where are these infrastructure projects that Rotich is claiming the money was spent on and funds exhausted and then FULLY ACCOUNTED for. What is so difficult in listing these so called infrastructure projects and tell us their location, when they were started, when they were completed and how much they cost? Rotish Hii pesa si ya mama yako.

Baba was right when he said this thing is bigger than Goldenberg and Angloleasing combined. Where is OUR MONEY?

When you look at the history of the story, the issue as you have pointed out is not that the Treasury says that it allocated the funds. The issue has been "to who? Where are the results of the funds?" Any accountant can create a ledger that says things like "client entertainment" while all along the guy was going to Karumaindo and having an orgy with women with no teeth. The gov't has been rather evasive on this one. Either they messed up big time or they are trying to pull a fast one on Raila. This is not a baba issue. I'm sitting here having a booze at 300 bob when it was 220 last week. It's not funny.

www.businessdailyafrica....04/-/d13sqv/-/index.html C&P The Treasury said it will use the dollar bond to replace declining foreign aid and domestic borrowing to finance infrastructure.