Former Kiambu Governor William Kabogo's pet project during his gubernatorial tenure has some questionable expenditures, Auditor-General Edward Ouko has revealed.
According to the audit, Kabogo's Biashara Fund is marred with cases of irregularities to a tune of Sh250 million, which the Auditor-General believes could have been embezzled.
The audit shows that the fund was being run by Rafiki and Family banks which were holding 73 and 3.7 million shillings for the loan project as of June 30, 2017, reports the Nation.
However, cash books now give a contradicting image of Sh7.9 and Sh1.4 million respectively, in addition to stale cheques worth Sh226.7 million, some dating back to November 2015.
It has also been found out that some of the lenders never paid the loans owed to the fund, with Ouko now raising alarm over suspect bank balances and statements.
Kabogo was the first Kiambu Governor serving between 2013 and 2017.
He has been very vocal about his successor, Ferdinand Waititu's woes, following audit revelations that his leadership made bizarre allocations in its 2017/2018 budget.
This includes claims that he even set aside money for the upkeep of former presidents and peace talks in South Sudan, roles delegated to the national government.