CoB Margaret Nyakang’o admits error in Homa Bay County bank accounts report

The Office of the Controller of Budget (CoB) has acknowledged an error in its 2024/25 County Governments Budget Implementation Review Report (CGBIRR) that wrongly suggested Homa Bay County was operating unauthorised bank accounts.

The report initially indicated that the county had 584 bank accounts in commercial banks. However, Homa Bay County clarified in a letter that the figure was overstated because it included 284 Level 1 community health units, which do not maintain bank accounts.

In response, Controller of Budget Margaret Nyakang’o acknowledged the inaccuracy in a letter to the county’s Executive Committee Member for Finance.

“Based on the foregoing, the Controller of Budget has noted the inaccuracy in the number of bank accounts maintained, which were reported as 558 instead of 274. The Office regrets this inaccuracy and commits to taking prompt corrective action on the above inaccuracy in line with our revision policy,” Dr Nyakang’o stated.

She added that the correction will be reflected in a revised edition of the Annual CGBIRR for 2024/25 to “maintain the integrity and accuracy of the published information.”

According to the corrected data, Homa Bay County operates 272 bank accounts. Of these, 207 are for Level 2 and 3 facilities, 24 for Level 4 and 5 facilities, 35 for vocational centres, five for specific funds—including Mortgage and Emergency, Bursary, Liquor, and FIF—and three for other purposes, such as OSR collection and DTB and KCB salary accounts.

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