The shame of the Anglo leasing payments...cry my beloved country!!!

[Koborer]

CORD threatens to impeach President Uhuru Kenyatta as payment row rages

By RAWLINGS OTIENO

Kenya: CORD leaders have argued there is no justification for payment of Sh1.4 billion to Anglo-Leasing companies.


They said the contracts were illegally procured and that Kenya should not commit to fraudulent dealings.
The Opposition also threatened to impeach President Uhuru Kenyatta over his directive to the Treasury to pay the debt. Kakamega Senator Bonny Khalwale asked why the Jubilee government is not implementing what was in the report when Uhuru chaired the Parliamentary Accounts Committee (PAC).

Fleece taxpayers

In 2006, Uhuru, then the Opposition leader, chaired the PAC, which authored the report that described the more than Sh50 billion contracts as a system hatched by a few individuals to continually fleece taxpayers.
See also: TNA tells rivals off over mass action

Khalwale claimed Anglo Leasing companies were owned by two Indians and two Kenyans, whose names are in the report which Uhuru submitted when he was the PAC chairman.

"We are the representatives of the people, and if he goes on doing this he will be the first President in Kenya to be impeached," warned Khalwale.

In particular, the Opposition coalition dared the National Treasury Cabinet Secretary Henry Rotich to authorise the payments and face censure Motion in Parliament and Senate.

Deputy Minority Leader Jakoyo Midiwo castigated the move to pay the two companies, terming Uhuru's authorisation to pay as unconstitutional.

"This is will be the final onslaught to bad governance. Our people cannot keep on suffering because of a few individuals at Harambee House. If Rotich pays this Anglo-Leasing money then, we will jail you, humiliate you and recommend that you are hanged at Uhuru park in public, because this is people's money and you are the accounting officer," said Jakoyo.

He went on; "The President has money; if he wants to pay with his own money then he can go ahead and pay, but not the public money."

Standard Digital News - Kenya : CORD threatens to impeach President Uhuru Kenyatta as payment row rages

I wonder how they intend to execute this. It will indeed be a miracle.

 

[Jammu Africa]

Now Uhuru Kenyatta is getting ready to make payouts to
his kikuyu kindered...your last name betrays you...oh my dear Kenyans!!!

That money has already been paid, and that was done on Monday.

It is settled and no more,, i do not know what to say for so much
have been said.

I said it, even my self then, but sat back and really tried to find out what
it was all about and saw the truth and all about it.

The money has been sent, not to the, 'his Kikuyu kindered', but
to an account at Natwest Bank in London.

The account is in the name of Travers Smith, LLP, the law firm
representing the two companies which are owned by businessman
Anura Perrera.

President Uhuru Kenyatta order it in the open, as he was addressing
the nation, last Thursday.

It was serious but people wanted to introduce those small things of theirs
when the government was facing a monster, the president had to do
something and did it in style, he talked to the people of Kenya and
explained what was happening, this is the kind of president i have
always wanted, a man who will go against any pressure and do
what is right.

 

[Jammu Africa]

The statement that the money has already been paid has come
as a big big blow to those who wanted to capitalize on it and
make something out of it.

They are all silent and surprised.

What will they now say????

That,,,,

'Sh1.4 billion has already been paid to two Anglo Leasing companies
without the President's written, signed and sealed directive as
required by the Constitution'.
PS grilled for wiring Anglo Leasing cash - News - nation.co.ke

But you can waste your time saying all what you want to say but remember
that Kenya is bigger than the way you see it, and will never be brought down
by your evil way of seeing and doing things.

 

[Crucial Man]

Naomba tu niwaulize wakuu,hivi Hawaii jubilee si walisema budget ya Kenya haitegemei pesa ya magharibi,so walituambia Kenya inajitegemea kwenye budget yao 95% sasa mbona rais anasema wasipolipa watakosa pea za budget UA mwaka huu?
Niliwai kusoma humu wakenya waki brug jwamba hawategemei wafadhili kutekeleza budget yao.juzi nimesoma sehemu kiongozi wao mmoja anasema mataifa ya magaribi wasipokuja kutalii kwao,watakuja wachina! Mmmh nilishangaa sana,hivi wachina nao ni with Wa kula good time kweli kwenye fukwe zenu,kama sio kuchoma mahindi,na kuuza maembe yenye Marsala pamoja na mihogo ya kukaanga.

 

[Dhuks]

Dr. Job wanted the government to act very concerned about taxpayers money while it continues to accrue interest to be paid by the same taxpayers, good reasoning.

 

[mwathai]

Naomba tu niwaulize wakuu,hivi Hawaii jubilee si walisema budget ya Kenya haitegemei pesa ya magharibi,so walituambia Kenya inajitegemea kwenye budget yao 95% sasa mbona rais anasema wasipolipa watakosa pea za budget UA mwaka huu?
Niliwai kusoma humu wakenya waki brug jwamba hawategemei wafadhili kutekeleza budget yao.juzi nimesoma sehemu kiongozi wao mmoja anasema mataifa ya magaribi wasipokuja kutalii kwao,watakuja wachina! Mmmh nilishangaa sana,hivi wachina nao ni with Wa kula good time kweli kwenye fukwe zenu,kama sio kuchoma mahindi,na kuuza maembe yenye Marsala pamoja na mihogo ya kukaanga.

Naomba nikujibu hivi: Kenya Haitegemei Msaada kutoka Magharibi Lakini tunakopa pesa duniani kupitia masoko ya Magharibi. ndio maaan tusipolipa deni las shillingi billion Moja unusu hivi, tutaonekana kama watu walioshindwa kulipa madeni yao. Hivyo kushusha adhi ya Kenya kwenye soko la kimataifa. Kwa vile sasa deni hilo limeshalipwa, tunaweza kukopa shillingi billioni 170 au dola za kimarekani billioni mbili.

 

[Jammu Africa]

Naomba tu niwaulize wakuu,hivi Hawaii jubilee si walisema budget ya Kenya haitegemei pesa ya magharibi,so walituambia Kenya inajitegemea kwenye budget yao 95% sasa mbona rais anasema wasipolipa watakosa pea za budget UA mwaka huu?
Niliwai kusoma humu wakenya waki brug jwamba hawategemei wafadhili kutekeleza budget yao.juzi nimesoma sehemu kiongozi wao mmoja anasema mataifa ya magaribi wasipokuja kutalii kwao,watakuja wachina! Mmmh nilishangaa sana,hivi wachina nao ni with Wa kula good time kweli kwenye fukwe zenu,kama sio kuchoma mahindi,na kuuza maembe yenye Marsala pamoja na mihogo ya kukaanga.

Ndugu, umepotea na 'kujichanganya' kidogo kwani Kenya si msaada ambao
inaomba wala si mkopo, bali,,,,,,

Inatarajia kuuza Eurobond.

Kenya May Sell Eurobond This Month After Legal Snags Cleared

Kenya May Sell Eurobond This Month After Legal Snags Cleared - Bloomberg


________________________________________________
Defination of Eurobond,

A Eurobond is an international bond that is denominated in a currency not native to
the country where it is issued.

Also called external bond; "external bonds which, strictly, are neither Eurobonds nor
foreign bonds would also include: foreign currency denominated domestic bonds. . ."
It can be categorised according to the currency in which it is issued. London is one
of the centers of the Eurobond market, with Luxembourg being the primary listing
center[SUP][3][/SUP] for these instruments. Eurobonds may be traded throughout the world - for
example in Singapore or Tokyo.

http://en.wikipedia.org/wiki/Eurobond
______________________________________________________________

How it works/Example:

Let's assume Company XYZ is headquartered in the United States. Company XYZ
decides to go to Australia to issue bonds denominated in Canadian dollars.

This is an example of a eurobond. In many cases, an issuer sells its eurobonds in a
number of international markets. Company XYZ might sell its Canadian
dollar-denominated bonds in Japan and Canada too.

Eurobonds are not the same as foreign bonds. An example of a foreign bond is a bond
issued by U.S.-based Company XYZ in Australia and denominated in Australian
dollars -- the home currency of the market in which the bonds are

http://www.investinganswers.com/financial-dictionary/bonds/eurobond-2292

 

[Jammu Africa]

This is the end of the whole movie:smile-big:🙂:smile-big:kwaherini na mjihadhari
sana na propaganda ambazo huenezwa na wachache ambao
huchukulia mambo kiholela na kujifanya wataalam.

This is the end of John Gothongo and his fake dossier.

We can now tell for sure that John Githongo is a lier,
or simply that he never knew what he was talking about
when he referred to those companies, as brief case
companies.

We now know the names of the companies, it's directors
and owners.

To Wetangula, Kalonzo and his comrades, you call yourself a
government in waiting, you are a big joke,,,hold your horses
brothers,we tell you and you cannot understand, that this is
2014, the ERA of jubilee, you got to, up your game, if at all
you want to remain relevant,,,,,,wachaneni na hizo games
za ki-zamaaaaani, kibinafsi na za kujitakia makuu.

Unless, you want to continue embarrassing yourselves and breaking
the hearts of your poor disciples and supporters.

Kenya is for all of us and the next generations to come.

We cannot afford to destroy it for the sake of little and
useless egos of ours.

 

[Jammu Africa]

Ha ha ha ha,,,CORD can now start with the impeachment process,
if they reaaaaaaaaaaaaaaaaally, meant bussiness.🙂:wave:🙂

 

[Yule-Msee]

CORD ni mdomo tu wanayo, mbona hawajafanya kitu na karibia wiki imepita.

 

[Dhuks]

The worst revelation was that kibaki and raila paid quietly but since uhuru made his intention public, every one with an idle mouth is engaging it

 

[Crucial Man]

Ndugu, umepotea na 'kujichanganya' kidogo kwani Kenya si msaada ambao
inaomba wala si mkopo, bali,,,,,,

Inatarajia kuuza Eurobond.

Kenya May Sell Eurobond This Month After Legal Snags Cleared

Kenya May Sell Eurobond This Month After Legal Snags Cleared - Bloomberg


________________________________________________
Defination of Eurobond,

A Eurobond is an international bond that is denominated in a currency not native to
the country where it is issued.

Also called external bond; "external bonds which, strictly, are neither Eurobonds nor
foreign bonds would also include: foreign currency denominated domestic bonds. . ."
It can be categorised according to the currency in which it is issued. London is one
of the centers of the Eurobond market, with Luxembourg being the primary listing
center[SUP][3][/SUP] for these instruments. Eurobonds may be traded throughout the world - for
example in Singapore or Tokyo.

Eurobond - Wikipedia, the free encyclopedia
______________________________________________________________

How it works/Example:

Let's assume Company XYZ is headquartered in the United States. Company XYZ
decides to go to Australia to issue bonds denominated in Canadian dollars.

This is an example of a eurobond. In many cases, an issuer sells its eurobonds in a
number of international markets. Company XYZ might sell its Canadian
dollar-denominated bonds in Japan and Canada too.

Eurobonds are not the same as foreign bonds. An example of a foreign bond is a bond
issued by U.S.-based Company XYZ in Australia and denominated in Australian
dollars -- the home currency of the market in which the bonds are

Eurobond Defination & Example | Investing Answers

Ndio maana nikauliza mkuu,asante kwa kunielewesha,...vipi watalii Wa kutoka China,washaanza kumiminika?

 

[Jammu Africa]

Ndio maana nikauliza mkuu,asante kwa kunielewesha,...vipi watalii Wa kutoka China,washaanza kumiminika?

Sawa, sasa kwa watalii😱hwell:

Bado hawajaanza kumiminika lakini ujue kwamba kwahivi sasa
ni wachina ambao wako namba moja duniani, wamefikia 100
million namba ya wachina walio wahi kuzuru nchi mbali mbali,
kama watalii.

Kwahivyo twahija tuu 1 ama 2% ya hizo millioni mia
moja na kuongeza nusu ya 1.5m ya wakoloni ambao
wamekua wakitembelea Kenya.

China ndilo soko, wenye pesa na bado walio wengi
duniani.

Kwahivyo, hatubahatishi.

Every action has a reaction, na kama si hiki kitendo
cha hawa jamaa wa magharibi hata wakatufungua
macho, tungeendeleaa kuwaona kama ni wao tuu
wenye hela mzito mzito lakini kumbe wako
wachina. :smiling::smiling:

 

[Ab-Titchaz]

https://www.wikileaks.org/plusd/cables/06NAIROBI944_a.html

WikiLeaks Releases: Nairobi Cable No. 47: AG Wako Refused to Prosecute Anglo-Leasing Thieves | Kenya Stockholm Blog

Further KES 3.5B Anglo Leasing claim made against Kenya | News24 Kenya

 

[Ab-Titchaz]

Government Statement on the Settlement of Two Foreign Judgement Debts Against Republic of Kenya: First Mercantile and Universal Satspace

 

[Ab-Titchaz]

SHOCK: 'Drunk' Tony Gachoka REVEALS ANGLO LEASING payments are to Uhuru's FRIENDS

 

[Ab-Titchaz]

The worst revelation was that kibaki and raila paid quietly but since uhuru made his intention public, every one with an idle mouth is engaging it

These payements are wrong whichever way one wants to dice it

 

[Ab-Titchaz]

Naomba nikujibu hivi: Kenya Haitegemei Msaada kutoka Magharibi Lakini tunakopa pesa duniani kupitia masoko ya Magharibi. ndio maaan tusipolipa deni las shillingi billion Moja unusu hivi, tutaonekana kama watu walioshindwa kulipa madeni yao. Hivyo kushusha adhi ya Kenya kwenye soko la kimataifa. Kwa vile sasa deni hilo limeshalipwa, tunaweza kukopa shillingi billioni 170 au dola za kimarekani billioni mbili.

The highlighted statements stands as an oxymoron....hamutegemei misaada yao lakini mnakopa kupitia kwao?..Kwa ufupi
huo ni utegemezi. Kisha deni sio 1.4 billion peke yake...kuna huyu bwana hapa chini bado anazidi kudai hela. This thing stinks to the high heavens and all explanations are just excuses to abet corruption. Is Kenya paying an individual or a
company? Kenya inalipa madeni for what services again? Are these ghosts Kenyans or foreigners?...the endless list of unanswered question goes on.

Perrera claims Sh3.5bn more in Anglo Leasing deal

National Treasury Principal Secretary Kamau Thugge (R) flanked by Deputy Solicitor General Muthoni Kimani (L) during the Public Accounts Committee (PAC) hearing on Anglo-Leasing contracts at Parliament Buildings on May 21, 2014. PHOTO | DIANA NGILA (NAIROBI)

An additional Sh3.5 billion ($40 million) Anglo Leasing-type claim has been made against the Kenya government.

Treasury Principal Secretary Kamau Thugge and deputy Solicitor General Muthoni Kimani disclosed Thursday that Anura Perrera had made the claim over a pending contract for National Intelligence Service (NIS) project.

The two were speaking before the Public Accounts Committee of the National Assembly.

Perrera owns First Mercantile and Universal Satspace, two firms which the government paid Sh1.4 billion on Monday, according to Dr Thugge.

Perrera claims Sh3.5bn more in Anglo Leasing deal - News - nation.co.ke

 

[Dhuks]

The highlighted statements stands as an oxymoron....hamutegemei misaada yao lakini mnakopa kupitia kwao?..Kwa ufupi
huo ni utegemezi. Kisha deni sio 1.4 billion peke yake...kuna huyu bwana hapa chini bado anazidi kudai hela. This thing stinks to the high heavens and all explanations are just excuses to abet corruption. Is Kenya paying an individual or a
company? Kenya inalipa madeni for what services again? Are these ghosts Kenyans or foreigners?...the endless list of unanswered question goes on.

No matter how clean you want to portray yourself ,when a debt hangs over your head that is accumulating interests and the legal channels of exonerating yourself from it are exhausted, there are only two choices;
1. Pay and brood.
2. Refuse to pay and face the hammer.

The only way Uhuru would be held responsible for paying our taxpayers money to conmen is if they have cheated us that the legal channels had been exhausted, any other attack based on another reason is hogwash.

 

[Geza Ulole]

[h=5]POSTED SATURDAY, MAY 24, 2014 | BY- ANDREW TEYIE
[/h][h=1]Fear of losing out on gas deal with Qatar led to Sh1.4bn payout[/h]A gas deal worth US$1 billion between Kenya and Qatar forced President Uhuru Kenyatta to use his

PHOTO | PSCU The Managing Director and Chief Executive Officer of Qatar Investment/Holdings, Ahmad Mohamed Al Sayed introduces members of his delegation to President Uhuru Kenyatta when they called on him at his residential hotel in Doha.

ADVERTISEMENT​

A gas deal worth US$1 billion between Kenya and Qatar forced President Uhuru Kenyatta to use his executive authority to pay the Sh1.4 billion Anglo Leasing bills, the Sunday Nation has learnt.

We also established that long before circumstances forced the President to use his executive authority, National Treasury Cabinet Secretary Henry Rotich and Attorney-General Githu Muigai signed an agreement to pay Universal Satspace and First Mercantile US$8 million and US$8.3 million respectively before April 28 in letters dated April 3, 2014, prepared by company lawyer M.M. A. Malik.

According to a top Office of the President (OP) official who did not want to be named because he was not authorised to speak to the media, Mr Rotich called President Kenyatta when the talks were going on to inform him that Kenya's credit worthiness was being questioned during the signing ceremony last week.

"He is said to have told the President that the question of whether Kenya can pay US$1 billion when they have difficulties paying US$16 million Anglo Leasing bills came up. He is said to have told the President that the ball was not in his court since he has done everything required of him as Cabinet Secretary," says the top OP officer.

On Saturday, President Kenyatta's spokesman Manoah Esipisu said the government does not discuss details of negotiations.

"We do not discuss details of our negotiations, be they in reference to gas or anything else. We focus on results and we make this available to the public. The one fact I can emphasise is that government is committed to reducing electricity prices by at least 40 per cent over 36 months and it will do so," Mr Esipisu said in a telephone conversation.

According to US$1 billion cheap gas deal with Qatar, Kenya will import 1 million metric tonnes of natural gas from Qatar to run 700 megawatt power plants in Mombasa and Lamu. The power plants will add 5,000 megawatts to the national grid.

Under the agreements negotiated by Mr Rotich and Energy Cabinet Secretary Davis Chirchir, Kenya will convert gas to electricity at less than 10 cents per kilowatt/hour. This is a fraction of the current electricity generation of 25 cents per kilowatt/hour.

The alleged faltering gas deal plus a situation where government was penalised Sh740 million for rescheduling a syndicated loan payment due on May 15 for three months and the country's inability to execute Sh264 billion Euro bond was the trigger for the President.

The Euro bond was stuck due to 2009 and 2013 court decisions requiring that government pays Anglo Leasing bills.

"The National Treasury has had to extend the period for the syndicated loan that is due today (May 15, 2014) for three months at a cost of $1.2 billion, being the extension fee of $6.6 million and interest for the three months of approximately $5.4 million," says a brief from National Treasury seen by the Sunday Nation.

The crisis led to President Kenyatta to hold a meeting with the Parliamentary Budget Committee led by Chairman Mutava Musyimi at State House where he told them that he had decided to use his executive authority to pay the bills after giving them adequate time to discuss and resolve the matter in vain.

Yesterday, Suba MP John Mbadi, who is a member of the committee, confirmed that the meeting took place but he did not attend.

"We were informed by the committee chairman that we have an appointment with the President. However, I refused to attend because I did not see the need since Parliament is supposed to act independently of the executive," said Mr Mbadi in a cellphone conversation.

We established that 50 MPs endorsed the President's decision after he explained to them. President Kenyatta went ahead to hold a press conference where he said he had no choice but to pay and blamed Sheria House.
Fear of losing out on gas deal with Qatar led to Sh1.4bn payout