Connect with us

Hi, what are you looking for?

Cyprian Is Nyakundi

News

Former officials plan to takeover KTDA signalling failed reforms thanks to greed by new directors

KTDA

The reforms initiated at the Kenya Tea Development Agency Limited (KTDA) by Uhuru Kenyatta’s regime has now collapsed.

Former KTDA officials from the Mt Kenya region, who were ousted from office, have accused the current directors of further indebting factories through bloated expenses.

They say that the new directors appointed to reform KTDA have drastically increased their expenses in many of the factories from between Sh8 million to Sh12 Million annually. This they say has increased the debts the factories owe.

“The tea factories that used to generate billions of shillings have now been run down by debts,” Prof Johnson Kang’ethe, the leader of the ousted directors from Mt Kenya said.

Prof Kang’ethe and his counterpart Francis Macharia reveal that the factories are now indebted to a tune of Sh18 billion following the unexplained expenses.

He added that the move will likely have them taken into receivership over the huge loans.

READ: Nothing changed at KTDA as tea sector now riddled with corruption

To stem the pilferage, the former KTDA officials gave the new directors a month to clean up house failure to which they would ‘be taking over the management of the tea processing facilities’

Speaking at a hotel in Murang’a town, Prof. Kang’ethe said they have a court order that they claim allowed them to reoccupy their offices.

The officials alleged that more than Sh65 million had been spent by the factories to facilitate the forensic audit ordered by the former agriculture CS Peter Munya at Sh800,000 per factory.

“One of the factories is indebted to a tune of Sh400 million that was borrowed to assist in payment of the first bonus,” Kang’ethe stated and promised that when they take over the facilities they will help them get back control of the 69 tea factories.


Would you like to get published on this Popular Blog? You can now email Cyprian Nyakundi any breaking news, Exposes, story ideas, human interest articles or interesting videos on: [email protected] Videos and pictures can be sent to +254 710 280 973 on WhatsApp, Signal and Telegram.


Comments

comments

Click to comment

Facebook

You May Also Like

News

Post Views: 8,596 Move over, roses and chocolates, there’s a new romantic gesture in town and it’s all thanks to Kevin Mboya, a digital...

News

Post Views: 5,256 TikTok sensation, Azziad Nasenya, has addressed the recent scandal surrounding a viral explicit video that has been circulating on social media....

News

Post Views: 4,947 On Tuesday evening, former Education Cabinet Secretary Professor George Magoha was confirmed dead in Nairobi Hospital. The news of his death...

General

Post Views: 4,219 News that two individuals were arrested for causing a commotion while claiming ownership of a Karen estate land set my alarm...

Copyright © 2021 Cyprian Is Nyakundi.

sbobet

sbobet88

https://hightidekinsale.com/wp-includes/sbobet/

https://advantagehomecare.com/wp-includes/sbobet/

https://micg-adventist.org/wp-includes/slot-gacor/

http://nvzprd-agentmanifest.ivanticloud.com/

daftar sbobet

https://brentfordgymnasticsclub.com/wp-includes/sbobet/

https://jenniferallenlaw.com/wp-includes/sbobet/

https://phuonghoangschool.com/wp-includes/

%d bloggers like this: