The Auditor-General has unearthed irregularities in the financing and hiring of contractors for a State-owned fibre optic network, including missing loan agreements for a Sh21 billion debt from a Chinese lender.
The public auditor says it’s difficult to ascertain the cost of the multibillion-shilling National Optic Fibre Backbone Infrastructure (Nofbi) due to absent loan agreements, lack of assets registry and missing records of the billions paid to the contractors.
