×
App Icon
The Standard e-Paper
Read Offline Anywhere
★★★★ - on Play Store
Download Now

Cash crunch to blame for delayed NG-CDF money, says Ndung'u

Vocalize Pre-Player Loader

Audio By Vocalize

Treasury Cabinet Secretary Njuguna Ndung'u. [Robert Menza, Standard]

There seems to be no resolution in sight for the stalemate between MPs and Treasury CS Njuguna Ndungu over the release of the Sh63 billion NG-CDF funds.

Despite continuous calls for his removal by MPs, CS Njuguna has distanced himself from any wrongdoing regarding the delay in releasing funds, attributing the issue to a cash crunch.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Sci & Tech
AI-driven cyber threats rise amid global skills shortage
Real Estate
How Sh27.8b project is revamping informal settlements in urban areas
Business
Equity Q1 net profit up 24pc to Sh18.3b on regional units
Business
KCB Q1 net earnings hit Sh17.8b to join rivals in defying tough times