UHURU ERA PROBE

MPs summon Yatani, Kinyua over Sh6 billion Telkom saga

The former Treasury CS will face lawmakers to shed light on the transaction

In Summary
  • Former Head of Public Service Joseph Kinyua has also been summoned by respond to queries about the controversial purchase.
  • The joint Departmental Committee on Finance and Planning, and the Committee on Communication, Information, and Innovation is probing the matter.
Former Treasury CS Ukur Yatani.
Former Treasury CS Ukur Yatani.
Image: FILE

MPs have summoned former National Treasury Cabinet Secretary Ukur Yatani over the Sh6 billion Telkom Kenya buyout saga.

The CS, who served under retired President Uhuru Kenyatta, will appear before the joint Departmental Committee on Finance and Planning, and the Committee on Communication, Information and Innovation.

AdChoices
ADVERTISING
 

Former Head of Public Service Joseph Kinyua has also been summoned to respond to queries about the controversial purchase.

The decision was made during a sitting by the panel on Thursday as the probe enters a critical phase.

The joint committee co-chaired by Molo MP Francis Kuria is investigating how the government made payments to allegedly buy Telkom shares from private hands days before last year's general election.

The joint panel has summoned a number of current and former government officials to appear before it after Controller of Budget Margret Nyakangó revealed that she was pushed by Uhuru men to authorise the payments.

Telkom Kenya has denied any involvement in the Sh6.09 billion acquisition.

Telkom submitted that it “neither received nor disbursed any funds relating to the exit of Jamhuri Holding Limited (JHL) and is therefore not aware of any details of payees, account particulars, and amounts paid.” 

The Treasury had acquired a 60 per cent stake in Telkom Kenya from UK-based Helios Investment Partners for Sh6.09 billion, making the company fully state-owned.

However, documents tabled in Parliament show that the purchase was one of the many expenditures that the Treasury incurred without the approval of Parliament.

More to follow...

WATCH: The latest videos from the Star