Could the Cabinet Secretary - (i) explain the circumstances that have led to the payout o…

Question

The Member for Matungulu (Hon. Stephen Mule, MP) to ask the Cabinet Secretary for the National Treasury and Economic Planning: - Could the Cabinet Secretary - (i) explain the circumstances that have led to the payout of over USD 2.8 million in legal fees between the year 2014 and 2020, by the East African Development Bank (EADB) of which the Republic of Kenya is a shareholder under the EAC Treaty? (ii) clarify the terms of the tenure of office of the Director-General of the said Bank and confirm if the current holder is lawfully in office? (iii) state the reasons why the shareholders in the said Bank, particularly Kenya, which is the largest Shareholder, have not been paid any dividends during the tenure of the current Director-General? (iv) state the measures being taken by the Ministry to safeguard Kenyan taxpayers’ money held at the EADB Bank?