Treasury CS Responds to Claims of Secretly Earning Billions in G2G Oil Deal
Treasury Cabinet Secretary Njuguna Ndung’u has, for the first time, addressed allegations that he earned kickbacks worth billions in the controversial government-to-government Saudi oil deal.
Speaking during an interview on Spice FM, Ndung’u refuted the allegations, emphasizing that he did not conduct any private business in the deal that was struck between the government and Saudi oil companies in March 2023.
He alleged that he was targetted by power brokers who were hell-bent on fighting fiscal measures he put in place to address the Dollar shortage and ensure a sufficient supply of petroleum products.
Ndung’u, who claimed to have been aggrieved by the accusations, disclosed that he considered seeking legal redress in court but later opted against suing his aggressors.
“We also have G2G, and we are being fought. I am even being accused of taking deals. At my level and age and where I have come from, I have no time to do deals, and somebody says that in public, and I don’t go to court [sic].
“We do not want to go to court because we do not want to create so many issues,” he stated.
Ndung’u addressed the allegations amidst calls by the opposition leaders, led by Former Prime Minister Raila Odinga, pushing for his resignation
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Notably, the opposition wrote to investigative agencies to look into the G2G deal, which he claimed was shrouded with secrecy. Raila alleged that the government circumvented procurement laws to aid three local companies in avoiding paying the 30 percent Corporate tax.
He also accused the government of purchasing fuel at low prices before selling it exorbitantly to extort unsuspecting Kenyans intentionally.
“CS David Chirchir and National Treasury CS Njuguna Ndung’u have certainly committed criminal offenses, abused office, and gone against the constitution. They stole money from the consolidated fund in addition to spending money way above what Parliament approved. They must not only resign but must also be prosecuted,” Raila claimed.
According to the opposition politician and Busia Senator Okiya Omtatah, some government officials may have been involved in importing the oil.
Omtatah further linked CS Chirchir and his Transport colleague, Kipchumba Murkomen, to a controversial Ksh17 billion oil importation saga.
The deal involving oil tycoon Anne Njeri Njoroge, according to Omtatah, may have been a business deal gone sour.
However, the tycoon maintained that she was the sole owner of the oil that was imported under the G2G framework, which sees Kenya pay for the products in Shilling rather than Dollars.
Treasury CS Responds to Claims of Secretly Earning Billions in G2G Oil Deal