President William Samoei Arap Ruto's Administration risks losing Shs. 250 million in parking revenue after it emerged that Kenya Airports Parking Services (KAPS), which is mandated to collect the fees at Jomo Kenyatta International Airport (JKIA) has failed to remit.
In a report by the Auditor General, Nancy Gathungu, the Government through the Kenya Airports Authority (KAA) risks losing Sh Sh 205,067,842 million in parking revenue since KAPS collected the money but has never remitted it to the agency.
According to Nancy Gathungu, the amount includes Sh132 million, representing 65 per cent of revenue arrears outstanding in the past nine months.
However shockingly enough, the report is silent why KAPS has failed to remit the revenue despite entering into a binding agreement on how collected parking revenue should be remitted to the agency.
According to Nancy Gathungu, the two firms entered an agreement where KAPs was to pay the authority a concession fee of 82 per cent of parking revenue collection.
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