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"content": "contract and again the Treasury will pay. When I say that they will come back and sue for breach of contract, somebody might think this is theory. It is not theory. Members of the Public Accounts Committee are aware that the people who packed and went in the 19870s because of the cancelled tender of KENREN production of fertilizer have come back and we are paying billions of shillings. The people who were to computerize the Kenya Revenue Authority who went away because of cancellation of the tender, are back and it is a huge audit query which we shall table here in two weeks. They are now again being paid by the Treasury. We cannot, as a House, allow a situation whereby mistakes and cancellations are made deliberately and then the taxpayer is asked subsequentely to foot the bill. I want to conclude by referring hon. Members to our executive summary on the joint venture. I quote:- “On the joint venture, the agreement between the GoK and De La Rue, the GoK was to acquire 40 per cent stake in De La Rue, Ruaraka plant at a cost of 5 million sterling pounds. The Committee finds the Treasury which was responsible for the joint venture negotiations did not carry out proper or sufficient due diligence before agreeing on the State acquisition. This was exposing the taxpayers to a loss it knew or ought to have known. The machines and technology used at the Ruaraka Plant are analogue while modern technology is digital.” When we made a competitive tender of 1.7 billion pieces of banknotes, because De La Rue knew that this plant did not have the capacity they tendered; that is why this currency was produced from Malta because the capacity in Malta and the efficiency and the technology measures to that. In the contract which I have annexed hon. Members, there is clear reference to how the printing will be done, how the payments will be made and how the supplies will be done. We were shocked when hon. Amos Kimunya, the former Minister for Finance came and misled the Committee and the evidence is there; his HANSARD recording is there. He misled the Committee that the reason why he cancelled the tender is because he feared that we will lack storage for the voluminous supply of 1.7 billion pieces of banknotes. Having misled us, he was contradicted by Jacinta Mwatela and Mzee Macharia Gikonyo on this strength that inside the contract there was actually provision for delivery schedule and payment was going to be made---"
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