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KBC managers shock Senators with revelation of Sh7 billion loss

State broadcaster Kenya Broadcasting Corporation (KBC) is on the spot after details emerged that it lost Sh7 billion in the last financial year.

On Tuesday, the Senate Committee for Information, Communication and Technology (ICT) chaired by Baringo Senator Gideon Moi was informed that the broadcaster is in financial ruins following the disappearance of the amount.

It all began when Senator Moi and his team hard pressed KBC managers appearing before them to justify why they were requesting for more funding without explaining how the previous allocation was used.

Mr Samuel Otieno, who represented the managing director, informed the Committee that the corporation has been spending Sh180 million monthly on recurrent expenditure against the Sh90 million it was generating.

Further, KBC has not paid Sh127 million for satellite operations.

It also emerged that the broadcaster had not paid a sum of Sh205 million to Kenya Revenue Authority (KRA) despite effecting  deductions on employees’ salaries.

The Committee also learnt that employee deductions had not been remitted to their respective Savings and Credits Cooperative Organizations (Saccos).

“It is wrong even in the eyes of God to deprive workers of their wages. We are disappointed,” Senator Moi said.

The committee ordered KBC managers to appear before it again with details of a restructuring plan.