MPs summon Ex-Finance CS Ukur Yatani, Joseph Kinyua over Sh6 billion Telkom payout

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Parliament has summoned former Treasury Cabinet Secretary Ukur Yatani over the Sh6 billion Telkom buyout saga. Members of the Departmental Committee on Finance have also summoned former head of Civil Service Francis Kinyua to shed light over the saga.

The decision was made after MPs declined to approve a budget allocation to pay for the buyout of Telkom shares citing a lack of transparency. It is alleged that senior officials from the former regime authorised the transfer of Sh6 billion for the deal days to last year’s general election.

Retired head of Public Service Joseph Kinyua

The Finance Committee under the leadership of Molo MP Kuria Kimani has decided to investigate whether the transactions followed the laid down procedures.

“Facts will emerge and we will unearth the facts as they are unearthed. This is an open-ended matter and we have not indicted anyone in the case,” Eldas MP Adan Keynan noted during the session. 

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Telkom Kenya Headquarters

The Committee also aims to determine if former Treasury Cabinet Secretary Ukur Yatani, former Principal Secretary Julius Muia, and the Controller of Budget Margaret Nyakang’o undertook due diligence when processing the transaction.

“Besides these former and serving officials, the Committee has enlisted the Attorney General, Telkom Management, Jamhuri Holding Limited, Communication Authority of Kenya, Capital Marketing Authority, and the Kenya Revenue Authority to appear before the Committee to aid the inquiry,” read the Statement from the Committee.

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