The Non-Governmental Organization (NGO) dealt Wiper Party Leader and National Super Alliance a major blow after concerns of Kalonzo Musyoka Foundation financial management arose some suspicions.
The Coordination Board froze all accounts of the former Deputy President Foundation over alleged misuse of Ksh 146 million donor funds.
“The foundation has failed to disclose its donors. Understating the aggregate amount of donations received contrary o the mandatory requirement that all NGOs reveal their donors, donations received and the intended purpose of the donations,” said Board chair, Fazul Mohammed through a letter
Fazul further ordered that the entire Board of Directors be dissolved until further notice.
The foundation was also accused of making false declarations in its financial status, annual returns, and audited accounts, and also manipulating Kalonzo’s accounts.
In one of the suspicious financial management, Fazul noted that Ksh 50 million were given to the Foundation but they have not used accordingly.
The Ksh 50 Million, according to the letter, from the China Youth Development Foundation, were to be used in construction of classrooms in Ukambani