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

Excellent Summary

kenyapoa

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…

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