Friday, December 28, 2012

Anti-corruption body averts Sh1.2b loss


By Cyrus Ombati
The Ethics and Anti-Corruption Commission (EACC) averted loss of Sh1.2 billion in the past one year.
In its annual report, EACC stated that it had also traced four illegally acquired assets with an estimated value of Sh126.5 million.
“The Commission averted the loss through proactive investigations at the several cases at the Kilindini Port in Mombasa, Mumias Sugar Company, City Council of Nairobi, District Education Board in Kakamega South District, Kenya Revenue Authority in Embu, National Social Security Fund, Mariakani Weighbridge and Ministry of Lands,” the report stated.
The Commission also recovered public assets including Mombasa’s Uhuru Gardens, valued at about Sh500 million and land belonging to KARI valued at Sh20 million.
The Commission’s Annual Report of Financial Year 2011 – 2012 highlighted significant milestones it has achieved as it transited from Kenya Anti-Corruption Commission (KACC) to the EACC.
EACC also stated that the number of corruption cases reported increased to 42 per cent from 34 percent in the previous year.

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