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    1.0.32

    Value of Public Assets Traced by EACC Declines to KSh 6.6Bn in 2022/23

    Fred
    By Fred Obura
    - July 03, 2024
    - July 03, 2024
    Kenya Business news
    Value of Public Assets Traced by EACC Declines to KSh 6.6Bn in 2022/23

    The value of public assets traced by the Ethics and Anti-Corruption Commission (EACC) in the financial year 2022/23 declined to KSh 6.6 billion from KSh 11.2 billion in 2021/22.

    • •According to the Kenya National Bureau of Statistics (KNBS), EACC managed to recover assets worth KSh 3.8 billion in the financial year 2022/23 compared KSh 0.9 billion public assets recovered in 2021/22.
    • •In the review period, the number of reports received for investigations increased slightly from 1,916 in 2021/22 to 1,968 in 2022/23.
    • •The number of reports referred to other public agencies for appropriate action went up from 496 in 2021/22 to 523 in 2022/23.

    Reports pending for more information declined by 24.7 per cent to 122 while complainants advised on where to report increased by 5.6 per cent to 1,745 in the review period.

    The EACC terminated 894 reports in 2022/23 compared to 822 reports in 2021/22. Reports forwarded to the Office of the Director of Public Prosecutions (ODPP) declined from 283 in 2021/22 to 260 in 2022/23.

    “Sixty-eight out of 260 files forwarded by the EACC to the ODPP in 2022/23 with a recommendation to prosecute were accepted compared to 97 out of 283 in the previous year. Files recommended for closure and accepted by ODPP decreased from 48 to 18 over the same period. In the period under review, 130 files were returned to the EACC for further investigations while 33 files were still awaiting DPP’s action,” noted KNBS in Economic Survey 2024.

    The Economic Survey report is an annual publication that provides socio-economic information covering a five-year period. The report presents information on all sectors of the economy based on the Kenya Standard Industrial classification of all Economic Activities (KESIC), as well as information on other emerging topical issues.

    According to the report, the number of cases filed in courts increased from 403,182 in 2021/22 to 424,324 in 2022/23. Similarly, the number of cases disposed of increased from 381,877 in 2021/22 to 421,549 in 2022/23.

    The number of pending cases decreased by 2.2 per cent to 649,229 in 2022/23. Most of the pending cases were in the Magistrates’ Courts at 79.4 per cent while those at the High Courts accounted for 10.4 per cent.

    See Also:

    Analysis: Kenya’s Economic and Business Outlook for 2024

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