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Alego Usonga Member of Parliament Sam Atandi has reignited debate over past financial controversies by labeling former President Uhuru Kenyatta the biggest thief in Kenya’s history.
In a recent social media post, Atandi shared an image of a purported Financial Times front page alleging that the US Federal Reserve had opened an investigation into Kenya’s 2014 Eurobond of 2.75 billion dollars. Read Full Article Here
The headline claimed investigators found 117 million dollars moved from a JP Morgan account linked to Kenyatta family members.
The Eurobond, issued early in Kenyatta’s presidency, was intended for infrastructure and debt repayment.
Questions about the full accounting of the proceeds have lingered for years, with opposition figures at the time raising concerns over transparency and the trail of funds held in offshore accounts.
Atandi’s post frames the former president as central to unresolved issues surrounding the bond and broader public finance during that era.
However, the specific Financial Times page circulating in Atandi’s post has been widely identified as fabricated.
Multiple fact-checking organizations, including reports from Reuters, AFP, and Africa Check, confirmed that the newspaper never published such a story.
The journalist named in the byline also publicly denied writing any article about Kenya or the Eurobond. No official confirmation of a Federal Reserve investigation into Kenyatta kin has emerged from credible sources.
Atandi’s sharp accusation comes amid ongoing political rivalry and public scrutiny of historical debt decisions that still affect Kenya’s fiscal position.
Critics of the former administration continue to point to the Eurobond as a symbol of inadequate oversight, while supporters maintain that the funds supported legitimate national projects and that audits later clarified most of the flows.
The exchange underscores how old financial controversies remain potent tools in Kenya’s political arena.
As leaders trade accusations, the need for clear, verified information about public borrowing and spending remains as urgent as ever for citizens seeking accountability.
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