Tuju asks MPs to strip Treasury power to determine amount to be sent to EADB Bank Former CS tells MPs proposed law weakens oversight of public funds. Business Just now

Former Cabinet Secretary Raphael Tuju wants MPs to strip the Treasury of powers to determine the quantum of money to be allocated to the East African Development Bank (EADB) Mr Tuju told the National Assembly’s Finance and National Planning committee that the East African Development Bank (Amendment) Bill, 2026 has glaring loopholes that include granting immunity to the bank’s directors, staff and consultants from civil litigation.” Mr Kimani said the committee will invite directors of the EADB and the National Treasury Cabinet Secretary John Mbadi to explain why the bank should be accorded immunity from civil proceedings and whether the bank has been using the same to evade criminal prosecutions.

Mr Tuju also asked the committee to remove a section in the Bill that requires Parliament to approve disbursements to EADB within 30 days of a request being tabled by the Treasury Cabinet Secretary, failure to which it will be deemed to be approved.