{"id":249893,"date":"2025-03-03T04:30:11","date_gmt":"2025-03-03T04:30:11","guid":{"rendered":"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/"},"modified":"2025-03-03T04:30:11","modified_gmt":"2025-03-03T04:30:11","slug":"no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/","title":{"rendered":"No Public Money Lost: Treasury Clarifies Alleged Ksh 1.3 Trillion Irregular Withdrawals"},"content":{"rendered":"<p><\/p>\n<div>\n<p data-start=\"92\" data-end=\"300\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-326207\" src=\"https:\/\/www.ghanamma.com\/ke\/wp-content\/uploads\/2025\/01\/treasury.jpg\" alt=\"\" width=\"933\" height=\"517\"  \/>The National Treasury has dismissed media reports alleging irregular withdrawals of Ksh 1.3 trillion from the Exchequer over seven months, assuring the public that no money has been lost or misappropriated.<\/p>\n<p data-start=\"302\" data-end=\"807\">In a statement on Sunday, National Treasury Principal Secretary Chris Kiptoo refuted the claims, emphasizing that all transactions have followed due process. He explained that the government is in the process of automating the Exchequer system to enhance efficiency and oversight.<\/p>\n<p data-start=\"302\" data-end=\"807\">However, some transactions\u2014such as debt payments, county allocations, the Judiciary Fund, and the Equalisation Fund\u2014still require separate approval procedures and have not yet been fully integrated into the digital system.<\/p>\n<p data-start=\"809\" data-end=\"1133\">Kiptoo highlighted that on July 1, 2024, the National Treasury, in collaboration with the Central Bank of Kenya (CBK) and the Controller of Budget (CoB), launched a major reform initiative to digitize the Exchequer process. The goal is to improve accountability, reduce processing time, and strengthen financial oversight.<\/p>\n<p data-start=\"1135\" data-end=\"1527\">\u201cHowever, certain transactions\u2014including debt payments, transfers to Counties, the Judiciary Fund, and the Equalisation Fund\u2014were not included in the first phase of automation due to their distinct approval processes. The integration of these transactions into the automated system is currently underway, with full automation expected by the end of the 2024\/25 financial year,\u201d said Kiptoo.<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-328895\" alt=\"\" width=\"842\" height=\"530\"  data-lazy- src=\"https:\/\/www.ghanamma.com\/ke\/wp-content\/uploads\/2025\/03\/kiptoo.jpg\"\/><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-328895\" src=\"https:\/\/www.ghanamma.com\/ke\/wp-content\/uploads\/2025\/03\/kiptoo.jpg\" alt=\"\" width=\"842\" height=\"530\"  \/><\/p>\n<p data-start=\"1529\" data-end=\"1664\">He reassured Kenyans that all withdrawals\u2014whether processed manually or electronically\u2014undergo rigorous legal and financial scrutiny.<\/p>\n<p data-start=\"1666\" data-end=\"1902\">\u201cEvery transaction undergoes due diligence and approval by the Controller of Budget, ensuring full compliance with public finance regulations. At no point has public money been lost or misappropriated through this process,\u201d he stated.<\/p>\n<p data-start=\"1904\" data-end=\"2128\">Kiptoo further emphasized the Treasury\u2019s commitment to transparency and accountability. He noted that the ministry is ready to provide a detailed response once it receives the official report from the Controller of Budget.<\/p>\n<p data-start=\"2130\" data-end=\"2296\">\u201cOnce the Treasury receives the official report from the Controller of Budget, a comprehensive response will be provided to address any further concerns,\u201d he added.<\/p>\n<p data-start=\"2298\" data-end=\"2605\">As part of ongoing financial reforms, all National Government Ministries, Departments, and Agencies (MDAs) have successfully transitioned to the automated Exchequer system. This shift ensures that Exchequer requests and approvals by the CoB are processed digitally, boosting efficiency and accountability.<\/p>\n<p data-start=\"2607\" data-end=\"2771\">Reaffirming the government\u2019s dedication to prudent financial management, Kiptoo assured the public that the Treasury remains committed to protecting public funds.<\/p>\n<p data-start=\"2773\" data-end=\"2932\" data-is-last-node=\"\" data-is-only-node=\"\">\u201cThe National Treasury remains committed to transparency, prudent financial management, and safeguarding public resources in line with its mandate,\u201d he stated.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The National Treasury has dismissed media reports alleging irregular withdrawals of Ksh 1.3 trillion from the Exchequer over seven months, assuring the public that no money has been lost or misappropriated. In a statement on Sunday, National Treasury Principal Secretary Chris Kiptoo refuted the claims, emphasizing that all transactions have followed due process. He explained [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":246272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-249893","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>No Public Money Lost: Treasury Clarifies Alleged Ksh 1.3 Trillion Irregular Withdrawals - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"No Public Money Lost: Treasury Clarifies Alleged Ksh 1.3 Trillion Irregular Withdrawals - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The National Treasury has dismissed media reports alleging irregular withdrawals of Ksh 1.3 trillion from the Exchequer over seven months, assuring the public that no money has been lost or misappropriated. In a statement on Sunday, National Treasury Principal Secretary Chris Kiptoo refuted the claims, emphasizing that all transactions have followed due process. He explained [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-03T04:30:11+00:00\" \/>\n<meta name=\"author\" content=\"Kenya News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kenya News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/\"},\"author\":{\"name\":\"Kenya News\",\"@id\":\"https:\/\/www.ghanamma.com\/ke\/#\/schema\/person\/53d06a757a4242f113d200e3c290c036\"},\"headline\":\"No Public Money Lost: Treasury Clarifies Alleged Ksh 1.3 Trillion Irregular Withdrawals\",\"datePublished\":\"2025-03-03T04:30:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/\"},\"wordCount\":409,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ghanamma.com\/ke\/wp-content\/uploads\/2025\/01\/treasury.jpg\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/\",\"url\":\"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/\",\"name\":\"No Public Money Lost: Treasury Clarifies Alleged Ksh 1.3 Trillion Irregular Withdrawals - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/ke\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ghanamma.com\/ke\/wp-content\/uploads\/2025\/01\/treasury.jpg\",\"datePublished\":\"2025-03-03T04:30:11+00:00\",\"author\":{\"@id\":\"https:\/\/www.ghanamma.com\/ke\/#\/schema\/person\/53d06a757a4242f113d200e3c290c036\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/#primaryimage\",\"url\":\"https:\/\/www.ghanamma.com\/ke\/wp-content\/uploads\/2025\/01\/treasury.jpg\",\"contentUrl\":\"https:\/\/www.ghanamma.com\/ke\/wp-content\/uploads\/2025\/01\/treasury.jpg\",\"width\":933,\"height\":517},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.ghanamma.com\/ke\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"No Public Money Lost: Treasury Clarifies Alleged Ksh 1.3 Trillion Irregular Withdrawals\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/ke\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/ke\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Kenya - Latest Kenya News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/ke\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ghanamma.com\/ke\/#\/schema\/person\/53d06a757a4242f113d200e3c290c036\",\"name\":\"Kenya News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/ke\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Kenya News\"},\"sameAs\":[\"http:\/\/www.ghanamma.com\/ke\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"No Public Money Lost: Treasury Clarifies Alleged Ksh 1.3 Trillion Irregular Withdrawals - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/","og_locale":"en_US","og_type":"article","og_title":"No Public Money Lost: Treasury Clarifies Alleged Ksh 1.3 Trillion Irregular Withdrawals - Ghanamma.com","og_description":"The National Treasury has dismissed media reports alleging irregular withdrawals of Ksh 1.3 trillion from the Exchequer over seven months, assuring the public that no money has been lost or misappropriated. In a statement on Sunday, National Treasury Principal Secretary Chris Kiptoo refuted the claims, emphasizing that all transactions have followed due process. He explained [&hellip;]","og_url":"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/","og_site_name":"Ghanamma.com","article_published_time":"2025-03-03T04:30:11+00:00","author":"Kenya News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Kenya News","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/"},"author":{"name":"Kenya News","@id":"https:\/\/www.ghanamma.com\/ke\/#\/schema\/person\/53d06a757a4242f113d200e3c290c036"},"headline":"No Public Money Lost: Treasury Clarifies Alleged Ksh 1.3 Trillion Irregular Withdrawals","datePublished":"2025-03-03T04:30:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/"},"wordCount":409,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/ke\/wp-content\/uploads\/2025\/01\/treasury.jpg","articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/","url":"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/","name":"No Public Money Lost: Treasury Clarifies Alleged Ksh 1.3 Trillion Irregular Withdrawals - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/ke\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/ke\/wp-content\/uploads\/2025\/01\/treasury.jpg","datePublished":"2025-03-03T04:30:11+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/ke\/#\/schema\/person\/53d06a757a4242f113d200e3c290c036"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/#primaryimage","url":"https:\/\/www.ghanamma.com\/ke\/wp-content\/uploads\/2025\/01\/treasury.jpg","contentUrl":"https:\/\/www.ghanamma.com\/ke\/wp-content\/uploads\/2025\/01\/treasury.jpg","width":933,"height":517},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/ke\/2025\/03\/03\/no-public-money-lost-treasury-clarifies-alleged-ksh-1-3-trillion-irregular-withdrawals\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/ke\/"},{"@type":"ListItem","position":2,"name":"No Public Money Lost: Treasury Clarifies Alleged Ksh 1.3 Trillion Irregular Withdrawals"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/ke\/#website","url":"https:\/\/www.ghanamma.com\/ke\/","name":"Ghanamma.com","description":"News In Kenya - Latest Kenya News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/ke\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/ke\/#\/schema\/person\/53d06a757a4242f113d200e3c290c036","name":"Kenya News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/ke\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Kenya News"},"sameAs":["http:\/\/www.ghanamma.com\/ke"]}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/ke\/wp-json\/wp\/v2\/posts\/249893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/ke\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/ke\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/ke\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/ke\/wp-json\/wp\/v2\/comments?post=249893"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/ke\/wp-json\/wp\/v2\/posts\/249893\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/ke\/wp-json\/wp\/v2\/media\/246272"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/ke\/wp-json\/wp\/v2\/media?parent=249893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/ke\/wp-json\/wp\/v2\/categories?post=249893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/ke\/wp-json\/wp\/v2\/tags?post=249893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}