Foreign Financial Journalists Skeptical About Kenya’s Opposition Leader Odinga Report on Eurobond

January 14, 2016 

“Today, no modern banking system has capacity to launder KSh 140bn in a matter of months without trace, naming the entire Fianance Ministry top brass whose role is to manage country fiscal matters besides alleging higly reputable and thoroughly scrutinized international financial institutions like Citi-Bank and JP Morgan & Federal Reserve Bank of NewYork were involved in fraud is ridiculous!“.

Money Markets Analysts and experts in economic intelligence faults Kenya’s government for allowing politics and propaganda by opposition leaders citing opposition leader Raila Odinga as a threat to the country’s economy, specifically the financial/stocks markets. 

In reaction to Odinga’s 4-month long anti-Eurobond rhetoric, some members of the Foreign Journalists Association in East Africa (FCAEA), Raila Odinga and his consultants did not present any evidence/proof that the Eurobond money was stolen. “By claiming the transactions aren’t authentic was laughable, all we did was holding breaths for proof of theft as promised by Raila Odinga”

“Constant hyping and misreporting about such a valuable investment is a shame and threatens the investment in the markets. The people named by the former Premier are Government of Kenya’s officials tasked with management of the Finance Ministry, hence naming them was quite nonsensical. The hired consusltant account of the money trail targeting big corporations such as Citi-Bank and JP Morgan & Federal Reserve Bank of NewYork is also malicious and from our persepctive, a fishing expedtion.”

“If Raila Odinga doesn’t show evidence of this alleged theft today, it will be a hit to his credibility” another FCAEA member argued. “It is suspect what the motive of citing all finance ministry top chiefs is and why the onslaught on such a sensitive investment. It is likely Odinga wants the bond to lose value thus ensure the government won’t have funds to finance key projects it hopes to complete before the elections, and, use that to gain political mileage. All leads to the motive read economic sabotage!”