People Daily | by Noel Wandera
The Auditor General Nancy Gathungu has raised a red flag om the Geothermal Development Corporation (GDC) Sh31.5 billion Menengai Geothermal Project saying its funds were banked against the Public Finance Management Regulations 2015.
In an audit report for the year ended June 30, 2020 which was tabled in National Assembly on February 20, 2021, the auditor said the project’s funds were mixed with those of the company, contrary to regulations which on disbursement of projects funds.
According to regulation 76 (1) all government entities must open and maintain project accounts with…
