">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Monday, January 18, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Tech

All you need to know: ICT Authority KSh 160 million fraud in only 6 months

Dennis Mathu by Dennis Mathu
3 years ago
in Tech
5 min read
0

ICT Authority was created under the Ministry of Information Communication and Technology in 2013 and was tasked with managing the ICT functions of Government with the aim of achieving the President’s agenda of a digitalized Kenya. It has been doing its duties well until a recent audit uncovered an underlying fraud that has been crippling the Authority for over 6 months.

How much was stolen

According to a report by Patrick Masika, the Auditor who investigated the matter, a group of 4 top officials at the Authority have siphoned KSh 160 million most of which was earmarked for the Presidential Digital Talent programme. The programme was targeting 400 engineers and ICT graduates with internship opportunities.

How they did it

Masika reported that money was moved in amounts less than 500,000 which was the threshold that would not require approval by the CEO. Most transactions ranged between KSh 483,000 to KSh 499,650. The money was withdrawn from the authority’s CITI bank account using falsified documents and was deposited to a single personal account. The money was disguised as deductions of personal savings using the names of 21 known Sacco societies.

The report, however, stated that “The 21 names using the same account number are the names of existing Sacco societies but the account number does not belong to the Saccos.”

The report also added that such an arrangement would have required the bank to be involved in the fraud. “Collusion with banks is needed for money to be wired to the same account number under different names” said the auditor.

READ  The Best Productive Apps Every iPhone Users Must Have

Related posts

Mastercard, Unilever & KCB Bank to pump over $150,000 into SMEs in Kenya via their Jaza Duka program

January 18, 2021
0

Use these smart TV security tricks to protect your privacy

January 18, 2021
0
A salesman checks a customer's iPhone at a mobile phone store in New Delhi, India, July 27, 2016. REUTERS/Adnan Abidi

How To Measure How Much You Walk On Your iPhone

January 17, 2021
0

History of Binance: The Success and Failure of One of the Most Popular Cryptocurrency Exchange

January 15, 2021
0

In addition, a total of KSh 20 million was paid to the 4 executives’ personal accounts as per diem allowances (that is, out-of-office allowances). The report indicated that the amount was equal to 541 days out of office, a number that is impossible given the fraud ran for about 6 months (around 180 days). However, Masika noted that the fraud could have been running longer that the 6 months audited, between January of this year and July 19th 2017. In fact, some publications indicated that the scheme might have started back in 2015 running into up to 10 billion shillings. “Shoddy” school laptop programmes have been cited as one of the avenues used to steal the money.

Action taken

Victor Kyalo ICT Principal Authority has already suspended the 4 suspected officials to pave way for investigations to take place. Their names are Felix Ongaga (Director Corporate Services), Daniel Ouma (Head of Finance), Peter Mwangi (Accountant) and Antony Mwangi (Cashier).  The government has reported that their assets have already been confiscated in a bid to recover the stolen money. The Assets Recovery Unit in conjunction with the CID are the ones in charge of the investigation.

READ  Alliance for Wireless Power & Power Matter Alliance Agree To Merge By June

Update

Robert Mugo, the CEO ICT Authority released a statement assuring Kenyans that the officials involved will be dealt with, in accordance with the law, in case found guilty.

Readers 1,521

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Dennis Mathu

Dennis Mathu

I cover gadgets, software releases, web and mobile apps and enterprise systems powering corporations. Contact me at [email protected]

Related Posts

Business

Mastercard, Unilever & KCB Bank to pump over $150,000 into SMEs in Kenya via their Jaza Duka program

January 18, 2021
0
Tech

Use these smart TV security tricks to protect your privacy

January 18, 2021
0
A salesman checks a customer's iPhone at a mobile phone store in New Delhi, India, July 27, 2016. REUTERS/Adnan Abidi
Mobile

How To Measure How Much You Walk On Your iPhone

January 17, 2021
0
cryptocurrencies

History of Binance: The Success and Failure of One of the Most Popular Cryptocurrency Exchange

January 15, 2021
0
How To

How to fuliza by Safaricom guide

January 15, 2021
0
Tech

ASUS debuts new ZenBook Duo | Pro Duo, VivoBook, ExpertBook and Chromebook laptops at CES 2021

January 15, 2021
0
signal-apps
Tech

Is Signal That Different From WhatsApp? Here Are 5 Ways It May Be Different

January 15, 2021
0
Tech

Are Cheap TikTok Likes Inferior To Expensive Ones? Read Our Experts’ Discussion

January 15, 2021
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Top 5 Financial Assets to Invest In 2021 According to Experts

January 18, 2021

Mastercard, Unilever & KCB Bank to pump over $150,000 into SMEs in Kenya via their Jaza Duka program

January 18, 2021

This VC firm is Calling for Changes to Cut-and-paste VC Strategy In Africa

January 18, 2021

Tizeti rolls out high-speed 4G LTE in Edo with N4000/month broadband service

January 18, 2021

Copia Kenya hosts MIT Global Entrepreneurship Lab project 

January 18, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: