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Kenya Power Staff, Spouses Slapped With Shock Bank, M-Pesa Account Audits

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4 years ago

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Kenya Power employees and their spouses have been thrown into panic after they were ordered to present their official financial and asset records as part of an ongoing lifestyle audit aimed at curbing fraud at the State-run utility.

Cecilia Kalungu-Uvyu, the general manager in charge of Human Resources and Administration at Kenya Power said the workers and their spouses are required to present certified copies of their financial records including bank account and mobile money statements for the last six months by Monday next week.

They are also required to declare movable and immovable assets, companies owned or co-owned as well as shares held in various companies complete with the details of the returns filed with the Kenya Revenue Authority for the last three years.

“You are notified to provide information on club membership, social media accounts or handles and list liabilities including loans, mortgages, chattels, guarantees, school fees, and school accounts, cumulative insurance policies and holidays” Ms Kalungu-Uvyu further said in a memo to Kenya Power staff adding that the information would be treated with confidentiality.

The ongoing audit is part of the recommendations of a task force appointed by President Uhuru Kenyatta to look into the woes that saw the utility firm post a net loss of Sh2.98 billion in the financial year ended June 2020 — it’s first in 17 years — despite the huge potential for profitability.

Kenya Power however bounced back to profitability in the year to June 2021 on account of growth in revenues. This is attributed to a huge demand for electricity and reduced costs.