No video

Margaret Nyakang'o (PART 2)- Subsidies Were Approved By The Previous Gov't, They Are Now Liabilities

  Рет қаралды 21,208

SpiceFM

SpiceFM

Күн бұрын

PART 3- • Margaret Nyakang'o (PA...
Guest: Controller of Budget, Margaret Nyakang'o
This is The Home of Sugar, Spice and Everything Nice!
Tune into Spice FM in Nairobi on 94.4 • Mombasa 87.9 • Nakuru 96.0 • Eldoret 96.7 • Nyeri 90.9 • Kisumu 102.5 • Malindi 97.7. Always LIVE on spicefm.co.ke
Spice FM © 2023
Follow us on
Instagram: / spicefmke
Facebook: / spicefmke
Twitter: / spicefmke

Пікірлер: 60
@nkimandi
@nkimandi Жыл бұрын
Whuuue..discussion ya leo reminded me the problems I endured calculating molarity..it has taken me several rewinds and pauses then replay to get the intricacies and cogwheels of public finance..Asantehene..Dr nyakango is trying to thread a fine needle between professionalism,ethics and external politics..the pressure is clear..you can tell via the convo
@oliverwabwire2836
@oliverwabwire2836 Жыл бұрын
Nyakang'o 's predecessor, Agnes Odhiambo faced similar "duress" at a point in the Jubilee regime when she started questioning why Eurobonds I & II had not reflected in the consolidated fund account in full! The one president who will treat COB and the OAG as his quintessential "wingmen" is the first one who is going to have taken an effective crack at forestalling the "budgeted corruption" malaise that presently riddles the bureaucracy in all the three arms of government. As it is now, they are seen as no more than irritants especially to the executive...and therefore stand grossly emasculated.
@johngichuki4092
@johngichuki4092 Жыл бұрын
Great guest. Up there, with Jimmy Wanjigi.. Could you please consider Inviting auditor general,Gathungu, David Ndii? Mr Eric Latif?
@lincolnmwangi2150
@lincolnmwangi2150 Жыл бұрын
Very insightful conversation. Kudos to the breakfast team. Now we know Jimi Wanjigi was 100% right. The last 10 years have been a disaster.
@otenyop
@otenyop Жыл бұрын
Absolutely
@jayjay3334
@jayjay3334 Жыл бұрын
@@otenyopao literally proved the Eurobond didn’t make it Kenya back in 2014. There’s nothing new here
@kenyanowtv
@kenyanowtv Жыл бұрын
​@@jayjay3334tell them,Ruto and his gang swindled that money in Italy when his daughter was apparently taken their for attachment by Monica Juma.The guy is a crook of the highest order but spins alot of stories to create lies and taint his opponents as betrayer.That eurobond ussue is the reason Uhuru didn't want Ruto to ascend to presidency.
@axellludvic3490
@axellludvic3490 Жыл бұрын
Having a consolidated account for handling all government expenditures is very problematic given that our budget is huge. We finance recurrent expenditures e.g salaries, funding counties and now loans. Its quite a challenge even to audit such accounts.
@davidngari8895
@davidngari8895 Жыл бұрын
This is one interview that has enlightened me to understand how government work around on money. I like it. Good for part 2 nice one situation room
@peterkimani4080
@peterkimani4080 Жыл бұрын
Why can't consolidated account be split in several accounts to void misuse of loan monies on recurrent expenditure?
@uniquecritical7628
@uniquecritical7628 Жыл бұрын
Bravo 👏
@veronicaewoi
@veronicaewoi Ай бұрын
Here you ‘ve got to ask the cbk governor how he mixes accounts when paying. Money is normally kept in specific accounts and is strictly spent accordingly. From where does he get instructions to do that?
@mosesjacksonkarashani2642
@mosesjacksonkarashani2642 Жыл бұрын
This makes Jimmy Wanjiku’s presentations more relevant now…
@axellludvic3490
@axellludvic3490 Жыл бұрын
He is a sensationalist, he is trying to angle himself politically.
@linahatieno3386
@linahatieno3386 Жыл бұрын
Kenya is comical 🤣🤣🤣🤣🤣🤣🤣
@masonsanders7689
@masonsanders7689 Жыл бұрын
In short, they should reduce the wage bill and remove all allowances. Take back all money paid to excesses paid out.
@ibrahimdumal3547
@ibrahimdumal3547 Жыл бұрын
How do you reduce wage bill?by adding 50 CS coz you are rewarding sycophants
@masonsanders7689
@masonsanders7689 Жыл бұрын
@@ibrahimdumal3547 Then using loans taken for development to pay for illegal positions? The law shouldn't protect the President when his acts are unconstitutional. He should be held liable.
@ibrahimdumal3547
@ibrahimdumal3547 Жыл бұрын
Our society has morally rotten leaders.
@Deartvedits
@Deartvedits Жыл бұрын
Where does the citizens held her accountable as public office holder. And does county controller of budget coordinators do at the county and most of the time they are out of the county
@dandee7414
@dandee7414 Жыл бұрын
This office is irrelevant if the dr has no teeth to stop illegal transfer if loans funds for development instead of recurrent expenditure. She has actually evaded the question about estimates of expenditure...she just focuses on receiving money in consolidated account but is not interested on estimates of revenues n expenditures
@stove7197
@stove7197 Жыл бұрын
Agreed! She's evasive in articulating how an independent accountable office such as she holds is not bothered with anything other than authorizing withdrawals (basically shuffling money around) without much/any concern with the illegalities involved.
@biblenakoranmatuhuhu9904
@biblenakoranmatuhuhu9904 8 ай бұрын
Most useless we have suffered under her. Useless
@thecafcl8409
@thecafcl8409 Ай бұрын
Watch part 1. She clarified how the financial structure in govt is compartmentalized
@shadipaul
@shadipaul Жыл бұрын
Looks like our IFMIS system does not have adequate and effective controls around public debt
@tfl4963
@tfl4963 Жыл бұрын
That's exactly what I had in mind. I wonder if its got strong internal controls. I believe Dr. Nyakang'o explanations. She's totally prevented from the actual enforcement duties as defined in accounting for controllers. Had she done it, there won't be no wealthy politicians roaming around...
@rickomba
@rickomba Жыл бұрын
I recall a conversation that IFMIS is actually a good system but the users abuse it knowingly or unknowingly. A system is as good as the users.
@proudlykenyan1587
@proudlykenyan1587 Жыл бұрын
the pressure is getting worser
@HellenofTroy897
@HellenofTroy897 8 ай бұрын
Its curious that we have illiterate and crooked politicians managing the country when what we need are professionals like Dr Nyakang'o.🤔😫
@wilfredwaigwa2696
@wilfredwaigwa2696 Жыл бұрын
So Ive heard an explanation about expenditure on loan money that is in the privy of the COB because it made it to the consolidated fund being used to sort out short term cash crunches for recurrent and never corrected. How big is this anomaly put together with the all revenue, borrowed or raised from taxes that bypasses the consolidated fund and in effect, her purview?
@annkithinji6755
@annkithinji6755 Жыл бұрын
So we are saying the back stops nowhere!! And my sister takes no responsibility for anything. Do we really need the office of controller of budget??? Round and round and round 🤔🤔🙄😎
@mwash7777
@mwash7777 Жыл бұрын
Aki hii Ni rounding rounding😂
@beloved6063
@beloved6063 Жыл бұрын
The office of the controller of the budget should produce a list of all funds that were re-directed to pay salaries or do anything else the funds were used for, plus the offices that received the money with signatures. That is called accountability...and watching your back in a responsible way.
@biblenakoranmatuhuhu9904
@biblenakoranmatuhuhu9904 8 ай бұрын
I have an issue in kilifi where a voucher has been returned 5times after her aporival. Does it mean that she dies not get reports of the same. Remember all these times KRA is alerted and treats this as many payments . What can she say about that
@kahugumuiruri9057
@kahugumuiruri9057 Жыл бұрын
These offices are clerical in function, reporting only, no teeth at all. What did the Constitution intend?
@mathiusgarage
@mathiusgarage Жыл бұрын
True, when she started off, I was impressed. But along the way, it occurred to me that the role is just clerical. She cannot say her role is just to withdraw without control
@kahugumuiruri9057
@kahugumuiruri9057 Жыл бұрын
@@mathiusgarage Reporting is the last function out of the 9. If she cannot push policy to the people to reduce the wastage trend, her role becomes clerical. She is our advocate in ensuring money flows to the right cost concerns, she has protection in law, should be objective, brave, and an advocate/practitioner of good governance. She can tell the spending plans from the budgets, has the benefit of predicting our thoughts from the past audit reports, can only direct funds to intended areas since thats her primary role. How better can it be if she was true to the Constitution.
@scarletsimpson4807
@scarletsimpson4807 Жыл бұрын
punguza mzigo was the way to cut the overepresentation
@zachariahmukewa3351
@zachariahmukewa3351 8 ай бұрын
CT 😂😂😂😂, on the last part of the interview
@andrewgatabaki3295
@andrewgatabaki3295 Жыл бұрын
CT Muga asked her a good question but her answer was disingenuous. Why did she succumb to pressure exerted on her by CS of Treasury yet her office is independent?
@abuahsan9430
@abuahsan9430 Жыл бұрын
Astonishingly careless ,how fuel levy funds , the highest revenue stream, doesnt go through the controller of budget office.
@biblenakoranmatuhuhu9904
@biblenakoranmatuhuhu9904 8 ай бұрын
Ask nyakango ,why would counties not follow the IB nos given upon cash requests yet she aporoves that then money paid to other users and IB nos cancelled.
@otenyop
@otenyop Жыл бұрын
This is just sad 9:23
@beloved6063
@beloved6063 Жыл бұрын
She is not answering the questions being asked by the interviewees. There is a lack of accountability here... Maybe the responsibility is too much for one person.
@biblenakoranmatuhuhu9904
@biblenakoranmatuhuhu9904 8 ай бұрын
23:26 23:28 23:29
@biblenakoranmatuhuhu9904
@biblenakoranmatuhuhu9904 8 ай бұрын
See
@livingstoneAdika
@livingstoneAdika Жыл бұрын
Now we know how uhuru ruto steal the money, do mps understand this? Can sudi really comprehend what dr is saying. This is tough tbe burden is on we the hustlers, now we have to suffer no one should leave the country. 😢😢
@juniourx2203
@juniourx2203 Жыл бұрын
😆😆😆😆 Erick Wacha hiyo....
@juniourx2203
@juniourx2203 Жыл бұрын
Haha hii sio marikiti ....tumepata deal mzuri
@stove7197
@stove7197 Жыл бұрын
Who else is not buying the good Dr.'s explanation that she does not essentially approve the unlawful use of development loans to pay for recurrent expenditure? This is the sort of discombobulated budget process that allows for the plundering of public funds....the left hand of revenue doesn't know (or want to) what the right hand of expenditure is doing. Definitely confirms/explains what Jimi W was saying about different unexplainable government accounting books.
@wilfredwaigwa2696
@wilfredwaigwa2696 Жыл бұрын
All that matters is the law, jurisprudence and peoples capacity to grasp issues, Jimmy explains it well, more over, the law is clear. Borrowed money can be used in the short term to sort out cash flow issues but treasury seldom corrects the anomaly, this creates a loophole that may have siphoned trillions. Even worse are monies that deliberately bypass the consolidated fund kept outside her purview, she queries treasury and makes reports to parliament. Beyond that is the role of an activist, the media, the opposition, you and me, shez a technocrat who can be sued if there is any perceived wrong doing on her part but sincerely I do not see what else she can do all these considered. Did you know you can initiate an enquiry into this as a private citizen in parliament and in court, you dont have to wait on Jimmy, Omtatah or those claiming to be picketing, this is how much power the people conferred themselves.
@stove7197
@stove7197 Жыл бұрын
@@wilfredwaigwa2696 She’s paid to do exactly what you seem to be excusing her for, please re-read her job title. FYI, the Office of the Controller of Budget is one of the mechanisms that enhance accountability in the expenditure of public resources. The controlling function involves authorizing withdrawals from public funds. Before authorizing any withdrawal from Public funds, the Controller of Budget must first be satisfied that the said withdrawal is authorized by law, as per Article 228(5) of the Constitution. If her office can’t, as you falsely claim is not her role, properly account for exactly how the budget is being expended even from the consolidated fund, then she’s failing. Kenyans can sue and whatever yes, but it’s not their obligation to do so if it means the persons they’re already paying and whose duty it is to prevent these “anomalies” gets away with not doing anything.
@omwami360
@omwami360 Жыл бұрын
Aaaaaiiiii, apo kwa kuluz track ya funds nayo tumeoshwa mchana mchana asubuhi na mapema 😮
@kuriajohn189
@kuriajohn189 Жыл бұрын
Then this office is irrelevant
@a65872
@a65872 Жыл бұрын
This woman is incompetent and should be in jail! You cannot approve money to be used by government without knowing what’s available at the exchequer account!
@baruasafi5880
@baruasafi5880 Жыл бұрын
She works under duress and political sodomites and lesbians . She has to do what the executive demands.
Мы сделали гигантские сухарики!  #большаяеда
00:44
КТО ЛЮБИТ ГРИБЫ?? #shorts
00:24
Паша Осадчий
Рет қаралды 2,4 МЛН
Joker can't swim!#joker #shorts
00:46
Untitled Joker
Рет қаралды 40 МЛН
How Criminals Mine Our Data From Social Media- Oscar Okwero
41:37
Chepchikoni, a story of many twists and turns || Unscripted
37:27
News Gang | Nyakango Under Control
24:13
Citizen TV Kenya
Рет қаралды 17 М.
Home seller secretly films 11 estate agent valuation appointments
29:14
Moving Home with Charlie
Рет қаралды 341 М.
Мы сделали гигантские сухарики!  #большаяеда
00:44