Officials At National Oil Stole 2.3 Billion Shillings

By Juma / October 27, 2020 | 8:39 am



Fuel Prices

Kenya is a country run on scandals, and not just scandals but mega scandals. In Kenya, looters of public funds got tired of stealing millions. Millions are just pocket change. Nowadays, they steal billions of shillings without fear. It is always their time to eat.

An audit report released by the Auditor-General has revealed massive looting of funds in the National Oil Corporation of Kenya that is run by the government of Kenya. The report shows that the Nock lost a whopping 2.3 billion shillings through dubious deals.

The report shows that officials at the state-run corporation used false claims and delivery notes to pay themselves millions of shillings, taking advantage of the public funds. This is yet another huge scandal that might just be swept under the carpet as other major ones.

Officials at Nock failed to account for at least 2,280,017 liters of automotive oil (diesel) and 230,458 liters of petroleum motor spirit (super petrol) valued at an aggregate Sh2,270,336,000 based on the pump prices at the time of audit in December 2018.

“In addition, instances of malpractices identified in the generation and processing of unauthorized credit notes, illegal diversion of product consignments, dispatches not supported by transporter documentation or not delivered to intended sites,” said the Auditor-General.

According to the Auditor-General, interim reports by the three consultants, at least 280,017 liters of diesel and 230,458 liters of super petrol valued at Sh2,270,336,000 in aggregate based on the pump prices at the time of audit in December 2018 could not be accounted for.

It has also been established that despite being a multi-billion entity that taxpayers fund, the National Oil Corporation of Kenya does not have a well-established recordkeeping with officials totally unaware of how records are kept or run at the organization they head.

Crooks within the government took advantage of the ignorance in recordkeeping by Nock to make a killing by paying themselves millions of shillings through fuel that was never delivered.

READ: Kenyans Lost 2.3 Billion In Covid-19 Items Procurement Scandal at KEMSA





About Juma

Juma is an enthusiastic journalist who believes that journalism has power to change the world either negatively or positively depending on how one uses it.(020) 528 0222 or Email: info@sokodirectory.com

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