GOVERNORS PLEDGE TO ESTABLISH A LOCAL BANK

Governor Wyclif Oparanya

Governors from five counties in the western region have launched an initiative to raise one billion shillings for establishment of a local bank.
Governor Wycliff Oparanya, Moses Akaranga, ken Lusaka, Sospeter Ojamong said each of them will contribute 200million towardthe kitty as shares
Oparanya, Akaranga and Lusaka, said the investment bank will assist the local residents in strengthening the financial base.
The governors were speaking to the press at kakamega golf hotel after holding a share holders meeting.
At the same time Kakamega county governor, Wycliff oparanya has refuted media reports indicating that his government hasreturned 1.2 billion to the national treasury.
He said the county money will not be returned to the treasury as it will be used for establishment of projects to the county
Oparanya said he had received 700million this week which he said will be put into plans as per the budget requirement.
Speaking about the sameVihinga county governor, Moses Akaranga has challenged the controller of budget Agnes odhiambo to make public the funds returned to the national government.
Akaranga said it was unfair for the controller of budgets office to focus on county governments whereas the national governments gets the highest allocation from the revenue allocation.
Akaranga faulted the treasury of delays in disbursing funds to counties. A matter he said was affecting implementation of projects framework.