PREMIUM Refunds or deposits? Boma Yangu billions fuel accounting questions Officials dispute accounting treatment behind billions recorded as housing refunds and deposits. News Just now Listen

The clarification comes days after questions emerged over the sharp increase in refunds processed to contributors, with the State Department maintaining that most of the money reflected successful home purchases rather than savers exiting the Affordable Housing Programme.56 billion recorded as “refunds processed to contributors” under the Boma Yangu platform has triggered fresh questions over the accounting of billions of shillings collected through the government’s Affordable Housing Programme.62 billion through the Boma Yangu platform, as indicated by the State Department for Housing, the official rejected the claim.