Kalonzo Foundation sues board over I&M Bank frozen accounts

Wiper leader Kalonzo Musyoka. FILE PHOTO | NMG

What you need to know:

  • The Kalonzo Musyoka Foundation is protesting a May 2 directive that saw their accounts at I&M Bank frozen.
  • The Foundation says the directive adversely affects their philanthropic activities country wide, their beneficiaries and daily operations.

The Kalonzo Musyoka Foundation has dragged the Non-Governmental Organizations Coordination Board to court for freezing its bank accounts.

Through lawyer Albert Simiyu Murambi, the Foundation is protesting a May 2 directive that saw their accounts at I&M Bank frozen.

In a suit filed Monday, the Foundation claimed that there were no reasons given to back up that directive hence it is unlawful.

The Foundation also claimed that the directive adversely affects their philanthropic activities country wide, their beneficiaries and daily operations.

“Unless this matter is heard urgently and corrective orders issued, irreparable harm and injury will continue to be visited on innocent beneficiaries of this programme,” said Mr Murambi.

According to Mr Kennedy Musyoka, the Wiper’s Democratic Movement Party leader Kalonzo Musyoka’s son, the foundation has been in operation since 2005 and is currently paying school fees to 23 students.

In his case documents, Mr Musyoka claimed that the Foundation has consistently filed its returns with the Board.

He was responding to allegations by the Board through its Executive director Fazul Mohammed, issued in a letter dated March 1, that the Foundation was operating an illegal and unauthorised account at the said bank’s branch in Nairobi’s Ngong Avenue.

The Board had also accused the institution of operating a secret and illegal foreign currency account and that their accounts do not reveal identity of its donors.

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