The Director of Public Prosecution (DPP) Keriako Tobiko has found no evidence to support the allegation of misappropriation of the 250 billion shillings Eurobond cash by the National Treasury.

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In a statement released on Tuesday, the DPP said that upon reviewing the inquiry file resubmitted by Ethics and Anti-Corruption Commission (EACC) after his request to conduct further investigations, he concurs with the commission that the matter be referred to the office of the Auditor General.

“EACC resubmitted the inquiry file to this office on May 12, 2016 reiterating the initial recommendations that the file be closed and the matter referred to the office of the Auditor General. Upon Independent review of the evidence gathered in the inquiry file and the resubmitted file, I have found no evidence to support the allegation about the alleged misappropriation of Sh250 billion or any part thereof,” read part of the statement.

Tobiko further said that he has found no evidence disclosing any criminality on the part of the government officials, adding that no one will be prosecuted due to lack of evidence.

He further urged the Auditor General to audit the development projects initiated by ministries to ascertain if the government got value for its money.

“As regards the utilization of proceeds of the Eurobond, I recognise that the office of the Auditor General being an independent body with the mandate to audit accounts of counties, ministries, departments and government agencies under Article 229 of the Constitution of Kenya, 2010, therefore concur with the EACC that the Auditor General do carry out special audit on the development projects that were implemented by Ministries, Departments and Agencies (MDA's) to ascertain if there was prudent utilization of the proceeds of the Eurobond and got value for money,” said Tobiko.

Cord leader Raila Odinga had insisted that 140 billion shillings of the Sovereign bond is missing, and even went ahead to name persons of interest that should be investigated.

"Kenyans are not fools to be tossed around like tennis balls when it is clear the money never landed in the Central Bank account,” said Raila during a press statement in January.