🚨 BREAKING: The Finance Committee led by Kimani Kuria & other UDA MPs has officially rejected a crucial proposal by the Controller of Budget (CoB) to vet, track, and approve withdrawals from the new Sovereign Wealth Fund.
Let this sink in. The CoB’s entire constitutional job is to make sure your tax money isn't misused before it leaves the account. Yet, MPs just voted to block her from having written authorization over these billions.
Look at exactly what they said NO to:
❌ No Written Sign-offs: They rejected letting the CoB approve withdrawals.
❌ Bypassing the Main Account: They refused to route the revenue through the Consolidated Fund first.
❌ Avoiding Full PFM Act Oversight: They blocked the full application of standard public finance accountability laws.
By bypassing Article 228 of the Constitution, this decision turns a national wealth fund into an unaccountable black box.
If the intentions for these billions are pure and there’s nothing to hide, why lock out the COB?
This is a terrifying precedent. What is the real motive behind locking out the nation's top financial watchdog?
Note: This has not been passed by the full Parliament yet. This is the time to speak up strongly; we should push for the CoB to have a meaningful say so that this national fund doesn’t become an accountability black box.
There is a disturbing trend of young lawyers trying to be concise.
A 2nd-year drafted an executive summary for a banking client using bullet points and plain English.
She proudly stated that she reduced a 50-page compliance memo into a 2-page brief.
I asked her if she thought the client was paying $950 an hour for brevity.
She muttered something about respecting the CEO's time.
I explained that clients don't pay us to solve their problems quickly.
They pay us to make their problems look so incomprehensible that only we can solve them.
I made her rewrite the summary using dense, impenetrable legalese.
It took her 12 hours to bury the conclusion on page 42.
The client called me the next morning to thank us for our incredibly thorough analysis.
Clarity is a customer service concept.
We are in the business of intellectual intimidation.
What are the best party themes you've seen?
The best party I hosted was called 'Doing It for the Money'
$40 ticket got you $500 monopoly dollars. Whoever had the most money at the end of the night won the prize pool (~$1000?)
People were unbelievably creative....
@amenya_nelson Built in about a week in 2013, this street in Meru Town was one of the first, if not the absolute first, roads to be paved by a county administration in Kenya. It remains in good condition today, though it offers very little in the way of pedestrian walkways.
The biggest lie Somalis were taught is that they are only good traders and they can't be manufacturers.
Kikuyus were taught this lie and the whole generation thinks only "deals" can make you rich.