Nyeri Governor Mutahi Kahiga./FILEA Senate oversight committee has faulted the Nyeri government for issuing uninsured loans, accepting unvalued land as security and disbursing funds without proper vetting by the loans board.
The Senate County Public Investment and Special Funds
Committee questioned Governor Mutahi Kahiga’s administration over Sh16.3
million in loans that were issued without valuation reports to confirm the value of the
land used as collateral.
The auditor general, in her latest report on the Nyeri
County Enterprise Development Fund for the year ending June 30, 2024, warned
that the absence of valuation documents puts the recovery of the loans at risk.
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Nyeri Governor Mutahi Kahiga./FILE
