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Courts to track KPC, Safaricom sale cash proceeds
The court found the petition raises arguable constitutional questions over the fund's legal framework but held that a blanket suspension would not strike the proper balance between constitutional oversight and ongoing public functions.
The High Court has declined to freeze the government's Sh5 trillion National Infrastructure Fund (NIF), saying a blanket suspension would interfere with executive functions and ongoing public interest projects.
Justice Patricia Nyaundi, however, ordered the Treasury to disclose certified accounts and regularly report all deposits, withdrawals and allocations pending the determination of a constitutional petition challenging NIF’s legality.
