Speaking on Thursday, April 30, Wanjigi claimed that there are major financial irregularities in government records, including what he described as a “shadow account” holding up to KSh150.7 billion that has not been clearly explained to the public.
According to the businessman-turned-politician, inconsistencies in recent budget figures point to deeper issues in how public funds are being managed.
He cited what he termed as sudden and questionable changes in allocations, including a reported increase in the State House budget from millions to billions of shillings within a short period.
“It’s not just about figures changing; it’s about a pattern of inconsistency that raises serious questions. There is money that cannot be accounted for, and Kenyans deserve answers,” Wanjigi said.
He further questioned the existence of a so-called sovereign bond account, arguing that there has been no public communication about any recent international borrowing that would justify such a large sum of money being held.
Wanjigi challenged both government officials and financial authorities to explain whether Kenya had accessed new external financing, such as a Eurobond, that could account for the funds in question.
“Something is clearly not right. If such an account exists, the public should know when and how the funds were acquired and how they are being used,” he added.
His remarks come at a time when scrutiny over government spending has been increasing, with institutions such as the Office of the Auditor General repeatedly flagging gaps in financial reporting and accountability.
Economists and governance experts have often stressed the importance of transparency in public finance, warning that lack of clarity in government accounts can erode public trust and affect investor confidence.
While the National Treasury has yet to respond directly to Wanjigi’s claims, the allegations are likely to intensify calls for greater oversight and disclosure regarding the management of public funds.
Political analysts note that such statements, especially from opposition figures, are likely to fuel national debate as the country moves closer to the 2027 General Election, where economic management and accountability are expected to be key campaign issues.
“It’s not just about figures changing; it’s about a pattern of inconsistency that raises serious questions. There is money that cannot be accounted for, and Kenyans deserve answers,” Wanjigi said.
He further questioned the existence of a so-called sovereign bond account, arguing that there has been no public communication about any recent international borrowing that would justify such a large sum of money being held.
Wanjigi challenged both government officials and financial authorities to explain whether Kenya had accessed new external financing, such as a Eurobond, that could account for the funds in question.
“Something is clearly not right. If such an account exists, the public should know when and how the funds were acquired and how they are being used,” he added.
His remarks come at a time when scrutiny over government spending has been increasing, with institutions such as the Office of the Auditor General repeatedly flagging gaps in financial reporting and accountability.
Economists and governance experts have often stressed the importance of transparency in public finance, warning that lack of clarity in government accounts can erode public trust and affect investor confidence.
While the National Treasury has yet to respond directly to Wanjigi’s claims, the allegations are likely to intensify calls for greater oversight and disclosure regarding the management of public funds.
Political analysts note that such statements, especially from opposition figures, are likely to fuel national debate as the country moves closer to the 2027 General Election, where economic management and accountability are expected to be key campaign issues.
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