Nairobi Star (Nairobi)
Isaac Ongiri
3 August 2011
THE government is yet to freeze the assets of the Libyan government despite a UN appeal to do so.
Parliament was yesterday told that though the government is aware of the UN petition nothing had been done about it.
Finance assistant minister Dr Oburu Oginga however said that the Ministry of Foreign Affairs is expected to handle the UN demands on the Libyan assets.
He was responding to a statement by Rangwe MP Otieno Ogindo who wanted to know how much money was made in the disposal of the Grand Regency Hotel now known as the Laico Regency.
The minister told the House that the prestigious hotel fetched Sh3.1 billion and was sold to the Libyan African Investment a company associated with the Libyan government.
“The money accrued from the sales of the Grand Regency hotel will be used for the construction of the Lamu Port,” Oburu said.
AllAfrica – All the Time
Visit site:
Govt Has Not Frozen Libya’s Assets