Billionaire business man Jimmy Wanjigi claims that Jubilee created and paid fake loans worth over ksh 10 Trillion.
According to Jimmy Wanjigi it all started when the public ct was amended in 2014.This change enabled the government borrow money without it being processed through the consolidated fund as required by the constitution.
Jimmy’s investigations into the government books supposedly found that the government books supposedly found that the amount of loans processed through the parliament was only ksh 2 Trillion.
”This is the government books and there is no creative accounting here ,the records are release per month and you can check what Parliament has passed through appropriate bills .Despite the Ksh 2 Trillion loan that can be proven , the government claims to have ksh 6.1 Trillion in external debt which would make Ksh 4 Trillion of its fake ,”He said.
He stated that no record of the borrowed money was found nor any supply or spending bill to prove that it was spent on any project.
”This means another Ksh 2.9 Trillion debt only exists in paper and has not been revised into any government account ,” Wanjigi added.
Ksh 5.6 Trillion of tax money had been authorised by parliament and spent to pay Kenyan’s debt.
He creatively included people propped like the famous Netflix Money Heist in his presentation.He also promised to bring forth the name of those who benefited from the fake loans and non-existent projects.