Shocking reason why Ezra Chiloba was fired from the his Director General of Communications Authority position!

Reports have emerged as it why Ezra Chiloba was suspended from his position as the Director General of Communications Authority Kenya.

According to the reports, Chiloba’s mishandling of the Sh662.4 million CA Staff mortgage scheme could be the key reason why he was kicked out of office on Monday, September 18th.

Special Board Audit and Risk Committee (BARAC) report considered by the CA board established that there were defaults to the tune of Sh28.9 million for mortgages approved and granted without consideration of the contract term of employees.

Further reports indicates that Refinancing mortgages to the tune of Sh364.8 million for staff who lack evidence of the upgrades and/or improvements for their purchased and/or construction houses.

Its also reported that the board also learnt of Material Variance of more than 20% in Property Valuation between the government and privately contracted valuers.

The audit also established inadequate approvals of Architectural Plans/Designs for Construction Mortgage Facility therefore exposing the authority to abuse of the facility and financial risk. More