{
  "id": 8193351,
  "title": "Nyakang’o: CoB has no oversight over government funds, levies",
  "url": "https://urgent.news/2026/09/18/nyakango-cob-has-no-oversight-over-government-funds-levies",
  "topic": "world",
  "section": "World",
  "published": "2026-09-18T06:59:41.000Z",
  "source": {
    "name": "Capital Business",
    "slug": "capital-business",
    "url": "https://capitalfm.africa/nyakango-cob-has-no-oversight-over-government-funds-levies/"
  },
  "original_language": "en",
  "account": "Nairobi, Kenya – Controller of Budget Margaret Nyakang’o revealed on Citizen TV that her office lacks direct oversight of government funds and levies not held in the Consolidated Fund. The OCoB does not have visibility into funds like the Social Health Insurance Fund, National Infrastructure Fund, Sovereign Wealth Fund, and Primary Healthcare Fund as they are not part of the Consolidated Fund. Nyakang’o explained that the Primary Care Fund, for instance, is recorded in individual county budgets, and when requisitioned, transfers are made. In essence, these funds require block transfers for specific projects, and Nyakang’o approves them as lumpsum amounts. The law allows the Controller of Budget to authorize withdrawals from the Consolidated Fund, Equalisation Fund, and County Revenue Fund, provided these withdrawals are lawful. However, the absence of a legislative mandate is cited as one of the legal obstacles preventing Nyakang’o's office from monitoring funds outside the State's budget channels. Some Members of Parliament have suggested amending the Public Finance Management Act to enable the CoB to oversee funds and levies like the Housing Levy. Additionally, the OCoB is responsible for overseeing budget implementation, providing advice to public entities, and submitting statutory budget implementation reports to Parliament.",
  "summary": "Nyakang’o said the Office of the Controller of Budget does not have visibility over funds including the Social Health Insurance Fund, National Infrastructure Fund, Sovereign Wealth Fund and Primary Healthcare Fund because they are not part of the Consolidated Fund.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}