The government has this evening authorized treasury Cabinet Secretary Henry Rotich to immediately pay 1.4 billion shillings owed to  2 companies in the controversial anglo leasing scam. According to a statement from state house, President Kenyatta has at the same time ordered fresh investigations into the cases and urged the judiciary, parliament and the ethics and anti-corruption commission to probe the matter to its logical conclusion. The statement says the government has decided to pay off the debt to avoid losses due to the accruing interest which runs into 96 million shillings annually. The directive comes despite opposition from members of the national assembly, who declined to approve the payment of the debt until the government unravels the faces behind the two companies. The government further said its  decision to settle the debts was based on protecting the country’s economy on account of rising interest rates caused by domestic borrowing due to constrained access to international borrowing. Attorney General Prof. Githu Muigai had informed the government that kenyan assets abroad have already been attached and risked being auctioned. In March this year, the the government received the final demand letter  for the payment of the debt. The directive is expected to raise heated political debate in the national assembly when the legislators resume from their one-month recess on June 6th.


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