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What A Moment To Kenya As Switzerland Is About to Send Sh230 Million Graft Funds.

Switzerland has started the process of returning Sh233 million to Kenya that was stored there as a result of corruption.

President Uhuru Kenyatta and President Ignazio Cassis agreed in Bern, at the outset of their official visit to Switzerland, that the Kenyan and Swiss governments will work together to expedite the fund repatriation process.

A sum of USD 2 million is being held by the Swiss government as proceeds of corrupt actions, but it has yet to be returned to Kenya due to the ongoing court hearings on the matter.

Both leaders highlighted the importance of demonstrating that crime does not pay.

Kenya's commitment to the principles of the Framework for the Return of Assets from Corruption and Crime in Kenya (FRACCK), which was agreed to and signed by the governments of Kenya, Switzerland, the United Kingdom, and Jersey, was also reiterated by the Head of State.

In addition, the two heads of state signed a letter of intent to collaborate on science and research. The Letter of Intent builds on last year's Agreement on Training Cooperation for International Peace Missions, which was signed on October 13 to improve training cooperation for international peace missions.

A Memorandum of Understanding (MOU) was also signed between the two countries to create a framework for consultation and exchange of perspectives at various levels on bilateral, regional, and international issues of mutual interest.

Content created and supplied by: Counselor (via Opera News )

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