EXCLUSIVE: Statements of Accounts of Kalonzo Musyoka Foundation

NGO Coordination board has frozen the accounts of Kalonzo Musyoka Foundation after the regulator found some suspicious transactions which have raised eyebrows.

The US dollar transactions are;

• CASH Deposit of USD 100,000 (Ksh 10million)  on 11th June 2014
• CASH Deposit of USD 18,000 (Ksh 1,8million) on 3rd July 2014
• CASH Deposit of USD 50,000 (Ksh 5million) on 14th November 2014
• CASH Deposit of USD 10,866 (Ksh 1.2million) on 23rd December 2014
• CASH Deposit of USD 400,000 (Ksh 40million) on 5th February 2015
• CASH Deposit of USD 200,000 (Ksh 20million) on 21st June 2013
• CASH Deposit of USD 130,000 (Ksh 130,000) on 9th October 2013
• CASH Deposit of USD 100,000 (Ksh 10million) 14th January 2014
• CASH Deposit of USD 429,250 (Ksh 43million) on 17th January 2014
• CASH Deposit of USD 262,000 (Ksh 26million) on 4th January 2017

Weird how the huge cash transactions were authorised without proper reporting as per the requirements.

Bank Statements;

The CEO of the NGOs Coordination Board said the foundation received Sh50 million from China that could not be traced and could not account for a total of Sh146 million.