REVEALED: WHY Safaricom CEO Bob Collymore is in TROUBLE and May go DOWN soon

Excellent Summary


imageSafaricom CEO Bob Collymore is a man under siege. The Safaricom boss has even been forced to cancel public events after the KPMG audit forensic report uncovered massive corruption, more than 20 tenders worth Sh. 289.4 billion were awarded without following internal policies and control processes.

According to KPMG forensic audit report, the controversial tenders had been issued within the last 23 months. The company’s top managers have been implicated in alleged multibillion-shilling tendering irregularities at the telecoms giant which recently announced a Sh38 billion profit for 2015 financial year.

Safaricom Chief Finance Officer John Tombleson and four other senior executives are named as having influenced the purchase of a Sh1.15 billion five-acre piece of land at Garden City, where the telco plans to build its headquarters.

The forensic auditors also questioned payments of Sh1.2 billion to seven firms for marketing activations that promote the Safaricom brand and its products…

View original post 281 more words

What Say You Now?

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s