Nairobi county is planning to close some of its bank accounts that have been dormant.
This is according to the Nairobi City County Annual Development Plan for the Financial year ending June 2023 which has revealed that about 30 accounts are inactive.
The move is aimed at streamlining the management of county funds.
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All the funds in those accounts will be transferred to the County Revenue Fund account.
"All dormant bank accounts under the county's name will be closed as a matter of priority. Any balances in the accounts will be transferred to the County Revenue Fund before closing them," a document seen by K24 Digital read in parts.
In the 2014 audit report reveled that the county government had more than 31 accounts.
In 2017, the County Assembly Finance, Budget and Appropriation Committee said the 31 accounts were still operating.
The report further indicated that 27 Of them were opened without following the correct procedures. The accounts were opened at Cooperative bank, Equity, National Bank, KCB and Chase Bank. The remaining four are in the CBK.
Public Finance Act 2012 states that counties should only have Development Fund account to receive money from CBK for development and Revenue Fund account to receive disbursements from Exchequer and Internal Revenue.
The Act states that the County Executives can open other accounts to serve the purpose of serving the county's needs only if approved by the County Assembly.
Findings show that the alleged 31 accounts were dormant and few transactions were made.
