The State Department for Social Protection has failed to account for Sh24.5billion stipends disbursed to the elderly, the disabled and orphans across the country, raising questions on whether the amount reached its intended beneficiaries.
Auditor-General Nancy Gathungu said the department has no records for the cash transfers effected in the year to June 30, 2019 through four contracted financial institutions, including Co-operative Bank of Kenya #ticker:COOP, Post Bank, Equity Bank #ticker:EQTY and KCB Bank #ticker:KCB.
