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WTF... 9.2B typo error!!!!
Lyanne
#51 Posted : Monday, May 11, 2009 7:30:00 AM
Rank: Member

Joined: 5/5/2009
Posts: 181
I really dont get it despite the numerous times UK has appeared to 'shed light' into this 'Typo Error'. How can a whole ministry that prides itself in having the biggest collection of Economics Degrees not spot this 'error ?

Makes me wonder whether they use MS Word to do the Budget,atleast any basic accountant using MS Excel would have spotted this.

Tribal affiliations aside,any Kenyan who pays taxes should be venting and stomping mad! But what do we do? We retire to our conclaves and defend as other conclaves milk all the political mileage. Yuk !


The Hedonist
Fundaah
#52 Posted : Monday, May 11, 2009 7:30:00 AM
Rank: Elder

Joined: 11/19/2008
Posts: 1,267
i wonder how it will be at Nyayo ..oops Cocacola stadium on Madaraka day ...will the big 3 'leaders' attend the celebrations if they keep on charging the hungry crowds with massive corruption scandals or will the 'labour day' them?

I mean fundamental analysis,you get me?

Fundamental analysis of a business involves analyzing its financial statements and health,its management and competitive advantages,and its competitors
Isaiah 65:17-Look! I am creating new heavens and a new earth, and no one will even think about the old ones anymore
FundamentAli
#53 Posted : Monday, May 11, 2009 7:40:00 AM
Rank: Veteran

Joined: 11/4/2008
Posts: 1,289
Location: Nairobi
The papers are coming out with interesting facts. Basically what happened in laymans term is that a Company is closing the accounts for the year. The accountants alters the cash at hand and stocks figures at close of the previous year by reducing them and using this reduced figures as the opening balances. The accountant then take actual amount for cash at hand and stocks this FY. This increases the profit for this year.

Someone must have altered the records. They are suspecting a tech savy young chap must have manipulated the system. But remember 5 PS sat in that committee. Whatever they say,the truth will come out. Such things are easier to trace. I also expect a lot of silence from you know who.


Fundamentals + Sentiments = Position
Obi 1 Kanobi
#54 Posted : Monday, May 11, 2009 7:52:00 AM
Rank: Elder

Joined: 7/23/2008
Posts: 3,017
Toss it,turn it or flip it as much as you want but UK really needs to own up.

My biggest fear is that by blaming the computer,he is trying to exonorate himself and all people below him. How does he intend to punish the computer,will he suggest we buy another computer and send the current one to jail for corruption?


I guess if you can't win with facts,you can always pen bile-laced,xenophobic rants to distract everyone.
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
extrablessed
#55 Posted : Monday, May 11, 2009 7:59:00 AM
Rank: Member

Joined: 7/28/2007
Posts: 290
Location: Nairobi
Facts! UK did not do the budget...he presented it and he is now worried stiff with all errors/ brewing scandals being reported....UK,Oburu,Kinyua,the other technocrats are fully reposponsible....

UK should shut up and put out all his resources to produce full proof evidence of whats cooking in his ministry...whether typo-who typed....if surbotage,who typed the concoted figures and under whose instructions.....


Life is worth living cos God planned it to be so.
Obi 1 Kanobi
#56 Posted : Monday, May 11, 2009 8:06:00 AM
Rank: Elder

Joined: 7/23/2008
Posts: 3,017
@Extrablessed

You are very wrong,UK did the budget (with the error),thats the way it works.

Had the error sneaked through parliament,then it can be said that parliament approved the budget (with the error).


I guess if you can't win with facts,you can always pen bile-laced,xenophobic rants to distract everyone.
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
Fundaah
#57 Posted : Monday, May 11, 2009 8:09:00 AM
Rank: Elder

Joined: 11/19/2008
Posts: 1,267
It looks like UK ako peke yake.... that should be the spirit here.... any Mwizi mulikwaad should be left on his own to roast... nothing like ' they are out to finish me'

I mean fundamental analysis,you get me? Fundamental analysis of a business involves analyzing its financial statements and health,its management and competitive advantages,and its competitors
Isaiah 65:17-Look! I am creating new heavens and a new earth, and no one will even think about the old ones anymore
mtaalam
#58 Posted : Monday, May 11, 2009 8:14:00 AM
Rank: Member

Joined: 11/2/2006
Posts: 519
@extrablessed,I don't agree with you. Surely as much as I like Uhuru,with or without intentions he's messed up. He's role is not that of a presenter or an actor,he's the Boss! and he's misled us. This is a poor nation with people dying and such errors should not be excussed! Honestly,do you think this money would have been returned if the theft was successful?

The best time to plant a tree is twenty years ago. The second best time is now.
ecstacy
#59 Posted : Monday, May 11, 2009 8:18:00 AM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
The IT data column used in this process is apparently fixed. Somehow,the data was altered,IT guys there are f***ed. This points to outright sabotage hence and predictably why some of us are very quick to create the picture UK would try thugging Ksh 9B in that ovious manner. Lets wait for the evidence.
Njunge
#60 Posted : Monday, May 11, 2009 8:39:00 AM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
@Obi,

FYI,Parliament had already passed the supplementary budget by the time the anomalies were pointed out by MPig GI.......The rest of the Mpigs saw nothing........Huh..!!....Infact,i suspect even Imanyara saw nothing.It is most likely he was informed by Mwalimu Mati of Mars Group.

God gives,mugikuyu takes.
Nothing great was ever achieved without enthusiasm.
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