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MPs grill Equalisation Fund board over mandate, projects

National Assembly's Finance Committee Chair Molo MP Kimani Kuria during the commencement of Public Hearings on the Finance Bill, 2025 and the Virtual Asset Providers Bill, 2025 at Edge Convention Center, South C, Nairobi on May 22nd, 2025. [Elvis Ogina, Standard]

The National Assembly Committee on Finance has questioned the mandate of the Equalisation Fund Advisory Board and demanded a comprehensive report of its operations within the next seven days.

The Committee, chaired by Molo MP Kimani Kuria, yesterday put the board to task over what it termed as glaring inconsistencies in the report presented before them. The lawmakers also questioned the board's proposal to have funds allocated to it deposited directly.

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