Muthama threatens to call for mass action over 'missing' Eurobond funds

What you need to know:

  • The Cord coalition senator has accused the government of casually dismissing the Opposition's claim though it has provided evidence that the money could not be accounted for.

Machakos Senator Johnson Muthama has threatened to call mass action if the government does not account for the "missing" Eurobond money.

The Cord coalition senator has accused the government of casually dismissing the Opposition's claim though it has provided evidence that the money could not be accounted for.

“We are taking stock of the things that the government has failed to account (for). When the issues get to intolerable levels, we will mobilise members of the public to push the government to refund the money since the Constitution gives members of the public powers to demand information,” Mr Muthama said when he spoke at Karaba market in Mbeere South constituency.

Mbeere South political activist James Ngangu said investigations into the spending of the Eurobond money must be fast-tracked.

"We want the Jubilee government to show specific projects that were done using the Eurobond funds," said Mr Ngangu.

Anger over the Eurobond funds escalated on Sunday, with Deputy President William Ruto and National Assembly Majority Leader Aden Duale accusing the Opposition of plotting to sabotage the economy by scaring away investors and donors.

However, Cord coalition co-leader Raila Odinga dismissed Ruto’s statement as “most irresponsible” and asserted that President Uhuru Kenyatta should set up a team, including international experts, to trace the “missing” Sh140 billion from the Eurobond.

Mr Duale, who was addressing journalists at his home in Garissa Town on Sunday, told Mr Odinga to give any evidence he has to the Ethics and Anti-Corruption Commission and the Director of Public Prosecutions.

Mr Odinga warned that the failure to recover the Eurobond cash was likely to make it difficult for Kenya to borrow in the international market.