Treasury hit with Sh1.6bn fine for delayed payout to contractor
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National Assembly's Finance and Planning Committee led by its chairman Kuria Kimani (in pink shirt) on a fact-finding mission at the alternative Data Recovery Centre in Naivasha, Nakuru County on December 4, 2023.
Photo credit:
Boniface Mwangi | Nation Media Group.
Delays by the National Treasury to pay awards in a contract breach case will see the government cough up more than Sh1.6 billion in interest and penalties, with the debt the Treasury owes a contractor amounting to Sh4.9 billion.
This follows a 2021 High Court decision awarding Sh3.87 billion to Misort Africa Limited after the company sued Treasury for contract breach in the construction of a data recovery centre in Naivasha.
