Erastus Kivasu Nzioka

All parliamentary appearances

Entries 11 to 20 of 121.

• 27 Feb 2020 in National Assembly: Thank you, Hon. Deputy Speaker. I wish to state that the House adopts the Report of the Special Funds Accounts Committee on Audited Financial Statements for Uwezo Fund for Financial Year 2016/2017 and Women Enterprise Development Fund for Financial Year 2017/2018, laid on the Table of the House on Tuesday 5th November 2019. The Special Funds Accounts Committee is among the three watchdog committees of this 12th Parliament responsible for examination of reports of the Auditor-General of the following funds, laid before this House, to ensure probity, efficiency and effectiveness in application of public funds: the Equalisation Fund, the Political ... view
• 27 Feb 2020 in National Assembly: officer. Therefore, the Committee recommends that the accounting officer of the Fund ensures compliance with Section 62 of the Public Audit Act, 2015, and Section 68 of the Public Finance Management Act, 2012. 2. On loans disbursed to groups, the Committee observed that the Fund’s advance loans data listings — of approximately Ksh4 billion since inception, in 2014/2015 — to various groups were not availed for audit review. Consequently, the accuracy, validity and recoverability of loans advanced to groups is doubtful. It is on this basis that the Committee recommends that the accounting officer of the Fund ensures compliance with ... view
• 27 Feb 2020 in National Assembly: On the loss of funds, the Committee observed that there was embezzlement of funds by the employees of the Women Enterprise Fund amounting to Ksh24, 625, 450 due from 19 The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor. view
• 27 Feb 2020 in National Assembly: constituencies during the period under review. The matter was handed over to the DCI. The Committee noted that this is a recurring problem from previous financial years. It was noted that this was linked to the involvement of employees in disbursement of loans. Article 226(5) of the Constitution of Kenya provides that: view
• 27 Feb 2020 in National Assembly: “If the holder of a public office, including a political office, directs or approves the use of public funds contrary to law or instructions, the person is liable for any loss arising from that use and shall make good the loss, whether the person remains the holder of the office or not.” It is on this basis that the Committee recommends that the DCI fast tracks the investigation into the cases of misappropriation of funds. view
• 27 Feb 2020 in National Assembly: The Committee observed that non-recoverable loans were recurring audit queries which could be attributed to groups seemingly incorporated with the intent to defraud the Fund. The Committee observed that these groups disintegrated after receipt of funds. This implies that the Fund did not adhere to existing lending policies while vetting some of the beneficiaries. The Committee therefore observed that there are funds which are still outstanding that were lent through the financial intermediaries whose recoverability is doubtful. The Committee therefore recommends that there is need for the Fund managers to enhance their lending policies to improve recoverability of loans and ... view
• 27 Feb 2020 in National Assembly: On late submission of documents, the Committee observed that the accounting officer of the Fund failed to submit documents for audit within the time which is stipulated under Public Audit Act, 2015. In addition, the officers contravened the provisions of Section 68 of the Public Finance Management Act that bestows them all the responsibility of proper management of the Fund’s books of accounts. The Committee therefore recommends that the accounting officer of the Fund ensures compliance with Section 62 of the Public Audit Act, 2015 and Section 68 of the PFM Act, 2012. view
• 27 Feb 2020 in National Assembly: Based on the important role that these two Funds play in our national development, there is need for proper utilisation and accountability of public resources which are vested towards realisation of mandates of these institutions. It is on this basis that the Committee invited the accounting officer of these two Funds, the Principal Secretary for Gender Affairs, Hon. Safina Kwekwe Tsungu, to respond to the audit queries which are raised in the reports of the Auditor- General. Arising from the evidence adduced, the Committee came up with various recommendations, which are contained in the Report, for consideration by this House. view
• 27 Feb 2020 in National Assembly: As I conclude, allow me to thank your office and that of the Clerk of the National Assembly for the support which was extended to the Committee during the consideration of this Report. May I also extend Committee’s appreciation to the Office of the Auditor-General and that of the Cabinet Secretary of the National Treasury and Planning for the complementary role that they continue to play in overseeing public funds. view
• 27 Feb 2020 in National Assembly: Finally, I acknowledge with gratitude the Office of the Principal Secretary for the State Department for Gender Affairs, Hon. Safina Kwekwe Tsungu, for availing the requisite information and honouring committee invitations which enabled the Committee to finalise this Report on time. view