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Tuesday, December 5, 2023 – Controller of Budget Margaret Nyakango today Tuesday pleaded guilty in court and was freed on a sh 500,000 cash bail.
The magistrate also gave her a sh 2 million bond following fraud charges she is accused of since 2016 by a private complainant.
Ms Nyakango was today charged with conspiracy to defraud operating a SACCO without a licence and forgery in a Mombasa court.
She was arrested while attending a public seminar in Mombasa.
Dr Nyakango, who took oath of office on 4th December 2019, was due to retire in November 2027.
According to Article 251 of the Constitution of Kenya, the Office of the Controller of Budget enjoys security of tenure, and the holder shall hold office for a non-renewable term of eight years.
Her arrest comes barely four weeks after her explosive presentation before the National Dialogue Committee NADCO where she revealed that someone at the National Treasury had been inflating her salary by three times the amount without her consent.
“When I was doing the budget for consolidated funds services, this is where my salary is paid from, I found out that my salary was budgeted at three times what I’m paid. I am the only state officer in my institution so there is nothing like confusion there. I’m all alone. So I asked them why is the budget showing three times what my annual salary is. And it was like that for all the state officers. I have not received the answer to date,” she said to the Kalonzo-Ichung’wah led Committee.
The Committee has since handed over the report to both President Willam Ruto and opposition leader Raila Odinga