Faulty Ifmis causes loss of billions of shillings

Council of Governors Chairman Wycliffe Oparanya (left) and his deputy Mwangi wa Iria address a press briefing at their offices in Mombasa on May 10, 2019. Mr Oparanya has said the Integrated Financial Management System (Ifmis) is faulty and should be fixed. PHOTO | KEVIN ODIT | NATION MEDIA GROUP

What you need to know:

  • The system is supposed to lock out unauthorised access and prevent anyone from making changes or adjustments on another entity’s budget.
  • Governors are concerned that their budgets may have been used by tech savvy fraudsters at the National Treasury to hide stolen billions of shillings.

Finance bosses of 11 counties logged into the Integrated Financial Management System (Ifmis), one of the most secure government structures, various times in the last financial year.

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