We have noted with concern wild allegations, personal attacks and
threats by senior members of the Jubilee Administration in response to
our demand that the Government account for how it used the proceeds of
the Eurobond debt procured in June 2004. Kenyans recall the President
ordering payment of a dubious judgment debt obtained by Anglo Leasing
ghosts in a foreign court so that this borrowing can proceed.
It
is a cardinal duty of the Opposition to hold Government to account, and
in particular to scrutinize the use of public money. The Government
claims the Eurobond debt financed development projects to the tune of
Ksh. 197 billion. This is a lot of projects. Yet we live in this country
and we have not seen national development projects of this magnitude
underway, other than those that we know are financed by other sources.
The Government has failed to produce a list of projects financed by
this money. We have been in Government and we know that this information
exists--it is the basis of the budget. Why is the Government not
showing Kenyans the projects funded by Euro Bond money?
We are aware
that Ministries have been asked to compile projects that will show how
the money was used and are unable to do so because they do not have
projects to show.
The Government is now accusing those asking
questions of economic sabotage because the value of the bonds it sold to
foreign investors has fallen. The value of the bonds has fallen because
the Government is unable to provide credible answers to questions that
are as much of interest to investors as they are to us, not because
questions have been asked. If we keep borrowing money and squandering
it, we will sooner or later default, and all serious investor knows
that.
The President has recently replaced six cabinet secretaries
-- one third of the cabinet--due to corruption. Ruthless, even stupid,
stealing of public money in the Planning and Devolution Ministry has
recently been laid bare for all to see.
It is noteworthy that
the Government shows this ministry as having received Ksh45 billion of
Eurobond money, the second highest allocation. Indeed over 70 percent of
the money was disbursed to ministries whose Cabinet Secretaries have
been dismissed because of corruption. The people asking questions are
not the saboteurs of the economy. The corrupt, incompetent Jubilee
Government is the sole saboteur of the economy.
Three weeks ago,
we urged the President to personally take charge of this matter so that
it can be cleared up, lest it damages the country's financial standing.
He has not done so. Instead, the Government is resorting to the
cowardly repressive tactics of the past to intimidate the people and the
media doing their patriotic and professional duty of demanding answers
from the Government. We are not intimidated, and we shall not be
cowed. We don’t get scared easily.
Mr. President, spare us the
rhetoric. Spare the country your anger. Hasira ni Hasara. Rhetoric and
anger are getting you nowhere. Answer the questions. Show us the
projects your government funded with Euro Bond money. Prove to Kenyans
that we are wrong by showing the projects.
Thank you.
ISSUED RT. HON RAILA ODINGA
Sunday December 13, 2015
At Serena Hotel, Nairobi
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