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The Kenyatta International Convention Center (KICC) cannot account for land and property worth Sh5 billion, an audit report shows.

The report by the Auditor General for the year ending June 2021 in particular raises questions about land commonly referred to as Common Market for Eastern and Southern Africa (COMESA) parking area and Courtyard which is the area on which first President Jomo Kenyatta‘s statue stands.

She also cited the land on which Garden Square Restaurant stands, which is under dispute between the Corporation and the County Government of Nairobi but explained that a letter from the Chief-of-Staff and Head of Public Service to the Cabinet Secretary, Ministry of Lands, Housing and Urban Development had clarified that the land in dispute has since been gazetted as a national monument and a part of the Corporation.

“The statement of financial position reflects a balance of Sh5,043,013,103 under property, plant and equipment, as disclosed in Note 15 to the financial statements which includes a balance of Sh2, 296,000,000 relating to land. “In the circumstances, the accuracy of the property, plant and equipment balances of Sh5,043,013, 103 could not be confirmed,” he said KICC is also on the spot over long outstanding debts, unsupported receivable, stalled works, unsupported intangible assets as well as irregular procurement of World Trade Organizations (WTO) conferences.

Accuracy On stalled works, the Auditor raised concerns over work in progress balance of Sh1.1 billion been inactive out of which Sh365.6 million comprises expenditures of recurrent nature.

 “In the circumstances, the accuracy and completeness of the work in progress balance of Sh1,117,342,484 could not be confirmed,” reads the report.

On debts, the Auditor raises concerns that there are long outstanding debts owed by Ministries, Departments and Agencies totaling Sh35.6 million, which have been outstanding for more than three years.

She says that the management’s efforts to recover the debts have not yielded positive results. On unsupported Staff Receivables, the Auditor raised concerns over the balance of Sh3.4 million advanced to ten employees as car loans.