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According to Auditor-General Nancy Gathungu, KLB's financial records show trade and other receivables amounting to Sh1.05 billion. Of this amount, Sh251.5 million has remained unpaid for more than 90 days, raising concerns over whether the debts can be recovered.
Fresh financial disclosures show the State-owned corporation's net loss increased by Sh477 million from Sh27.68 billion recorded a year earlier. The latest results extend KRC's long wait for a return to profitability, with the corporation yet to record a profit in more than 10 years.
The proposed changes would remove the current arrangement that allows the Cabinet Secretary for the National Treasury to authorise payments from the Consolidated Fund to the EADB without first seeking the approval of lawmakers.
The county collected Sh15.399 billion during the financial year, representing an increase of Sh1.6 billion from the Sh13.8 billion realised in the 2024/2025 financial year.
A total of Sh260 million was allocated to the agriculture subsidy programme under the Inua Mkulima initiative, which provides farmers with subsidised farm inputs alongside income support.
According to Senator Omtatah, county audit reports continue to reveal the same concerns year after year, raising doubts about whether investigations are being carried out effectively and whether those responsible are being held accountable.
Nairobi County holds the biggest share of the arrears, having accumulated Sh41.28 billion in unpaid salaries and deductions. The figure represents more than 93 per cent of all payroll-related arrears reported across the 47 counties.
The National Assembly Public Investments Committee on Governance and Education directed former Vice Chancellors Prof Olive Mugenda and Prof Paul Wainaina to appear before it and respond to financial and administrative decisions made during their respective tenures.
A report by Auditor General Nancy Gathungu for the financial year ending June 30, 2025, shows that the former ruling party recorded land worth Sh1.95 billion and land and buildings valued at Sh8.20 billion.
Appearing before the committee on Wednesday, PS Njagi was put to task over the implementation of ongoing projects, with legislators demanding explanations for ballooning costs, project delays and the safeguards in place to protect taxpayers' money.
At the centre of the debate is the question of who should qualify for support under the Equalisation Fund, which is provided for under the Constitution and receives 0.5 per cent of all nationally collected revenue.
The three-phase smart meters are commonly used by customers with heavy electricity needs, including factories, commercial premises and large housing projects.