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Youth Enterprise Development Fund Chairperson Bruce Odhiambo steps aside to allow investigations

25, Mar 2016

The chairperson of the embattled Youth Enterprise Development Fund board, Bruce Odhiambo, who is currently in the United States of America has stepped aside from the fund to allow investigations into the loss of millions of shillings from the youth kitty. In a statement sent through his g-mail account, Odhiambo says he was ready to be questioned by all investigating agencies over embezzlement of money at the fund. Yesterday, directors of the fund who appeared before the national assembly’s public investments committee that is investigating the fraudulent payment of ksh.180 million to quorandum limited said they were ready to resign. The state corporations’ advisory committee has recommended to President Uhuru Kenyatta that the entire board should go home.

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