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Mega Corruption at Safaricom???
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MaichBlack
#1 Posted : Tuesday, May 17, 2016 11:40:58 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
Damning dossier by KPMG
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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mwania
#2 Posted : Tuesday, May 17, 2016 12:01:47 PM
Rank: Member


Joined: 10/29/2007
Posts: 76
Corruption permeates every sector of this nation.. I doubt that our honourable MPs are immune to this disease.. There is no hope even here.. The report will be thrown out.
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MaichBlack
#3 Posted : Tuesday, May 17, 2016 12:31:49 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
Parliament is not needed here. Ni kimbelembele tu!!

KPMG were called in by Bob Collymore and luckily he looks like an upright and straight forward fellow. No one had raised any issue - outside of Safaricom - before he called them. Some MPs are just looking for a pay day given the number of times we have heard of instances money changes hands so that reports can be authored in a certain way.

Safaricom has internal mechanisms and every year a number of employees are fired because of inappropriate dealings. The only difference here is that top fellows have been implicated. Let's see if the same rules are applied.

But one thing I know about Safaricom - and you can take this to the Bank - they are very serious on corporate governance and go out of their way to enforce it. That is why this manenos have been unearthed with absolutely no external pressure.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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kediveKed
#4 Posted : Tuesday, May 17, 2016 4:52:19 PM
Rank: New-farer


Joined: 3/28/2016
Posts: 37
Location: nairobi
This whole story is a bit disturbing. But my issue is this ; Under what powers conferred by statute or constitution does parliament have in order to 'purport' to conduct a probe on the affairs. Could it be because GOK has shares in parliament? Appears far-fetched. parliament only has over-sight powers over state bodies. Safaricom is not a state body, rather it is a public company.

Who cares if there is corruption in Safaricom? Especially parliament? What is their interest in this? Safaricom as a going concern has the ability to solve its own issues. Why is there public interference? Worst of all coming from the same parliament that is unable to pass a simple gender bill.
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enyands
#5 Posted : Tuesday, May 17, 2016 5:32:20 PM
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Joined: 12/25/2014
Posts: 2,300
Location: kenya
Is this guy British
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MaichBlack
#6 Posted : Tuesday, May 17, 2016 5:41:25 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
enyands wrote:
Is this guy British

Ask the guy who was telling us that corruption is an African Culture!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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MaichBlack
#7 Posted : Tuesday, May 17, 2016 5:46:11 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
kediveKed wrote:
This whole story is a bit disturbing. But my issue is this ; Under what powers conferred by statute or constitution does parliament have in order to 'purport' to conduct a probe on the affairs. Could it be because GOK has shares in parliament? Appears far-fetched. parliament only has over-sight powers over state bodies. Safaricom is not a state body, rather it is a public company.

Who cares if there is corruption in Safaricom? Especially parliament? What is their interest in this? Safaricom as a going concern has the ability to solve its own issues. Why is there public interference? Worst of all coming from the same parliament that is unable to pass a simple gender bill.

Pay Day!!!

A ka loose 10 million like this for a couple of committee members and the report says everything is okay. How many people have been cleared by these committees. Even the devil can be cleared of any wrong doing by these committees if he remembers to carry a huge briefcase!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Ebenyo
#8 Posted : Tuesday, May 17, 2016 9:32:42 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
huyu jamaa afutwe kazi mara moja.Mi nilifikiri mzungu hawezi iba! kumbe a thief is a thief?
Towards the goal of financial freedom
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obiero
#9 Posted : Wednesday, May 18, 2016 6:57:51 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,549
Location: nairobi
Ebenyo wrote:
huyu jamaa afutwe kazi mara moja.Mi nilifikiri mzungu hawezi iba! kumbe a thief is a thief?

http://www.businessdaily...4/-/w0ilgjz/-/index.html

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Aguytrying
#10 Posted : Wednesday, May 18, 2016 7:40:41 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
MaichBlack wrote:
kediveKed wrote:
This whole story is a bit disturbing. But my issue is this ; Under what powers conferred by statute or constitution does parliament have in order to 'purport' to conduct a probe on the affairs. Could it be because GOK has shares in parliament? Appears far-fetched. parliament only has over-sight powers over state bodies. Safaricom is not a state body, rather it is a public company.

Who cares if there is corruption in Safaricom? Especially parliament? What is their interest in this? Safaricom as a going concern has the ability to solve its own issues. Why is there public interference? Worst of all coming from the same parliament that is unable to pass a simple gender bill.

Pay Day!!!

A ka loose 10 million like this for a couple of committee members and the report says everything is okay. How many people have been cleared by these committees. Even the devil can be cleared of any wrong doing by these committees if he remembers to carry a huge briefcase!


Meanwhile they don't care about Mumias, KQ, Uchumi. Coz hakuna pesa huko
The investor's chief problem - and even his worst enemy - is likely to be himself
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enyands
#11 Posted : Wednesday, May 18, 2016 7:59:53 AM
Rank: Elder


Joined: 12/25/2014
Posts: 2,300
Location: kenya
Aguytrying wrote:
MaichBlack wrote:
kediveKed wrote:
This whole story is a bit disturbing. But my issue is this ; Under what powers conferred by statute or constitution does parliament have in order to 'purport' to conduct a probe on the affairs. Could it be because GOK has shares in parliament? Appears far-fetched. parliament only has over-sight powers over state bodies. Safaricom is not a state body, rather it is a public company.

Who cares if there is corruption in Safaricom? Especially parliament? What is their interest in this? Safaricom as a going concern has the ability to solve its own issues. Why is there public interference? Worst of all coming from the same parliament that is unable to pass a simple gender bill.

Pay Day!!!

A ka loose 10 million like this for a couple of committee members and the report says everything is okay. How many people have been cleared by these committees. Even the devil can be cleared of any wrong doing by these committees if he remembers to carry a huge briefcase!


Meanwhile they don't care about Mumias, KQ, Uchumi. Coz hakuna pesa huko



Guess what come next year we will vote them back in and if not there will be others who will teach the rookies how to eat good
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Pesa Nane
#12 Posted : Friday, July 01, 2016 10:58:32 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Ebenyo wrote:
huyu jamaa afutwe kazi mara moja.Mi nilifikiri mzungu hawezi iba! kumbe a thief is a thief?


Pesa Nane plans to be shilingi when he grows up.
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MaichBlack
#13 Posted : Friday, July 01, 2016 12:10:42 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
enyands wrote:
Aguytrying wrote:
MaichBlack wrote:
kediveKed wrote:
This whole story is a bit disturbing. But my issue is this ; Under what powers conferred by statute or constitution does parliament have in order to 'purport' to conduct a probe on the affairs. Could it be because GOK has shares in parliament? Appears far-fetched. parliament only has over-sight powers over state bodies. Safaricom is not a state body, rather it is a public company.

Who cares if there is corruption in Safaricom? Especially parliament? What is their interest in this? Safaricom as a going concern has the ability to solve its own issues. Why is there public interference? Worst of all coming from the same parliament that is unable to pass a simple gender bill.

Pay Day!!!

A ka loose 10 million like this for a couple of committee members and the report says everything is okay. How many people have been cleared by these committees. Even the devil can be cleared of any wrong doing by these committees if he remembers to carry a huge briefcase!


Meanwhile they don't care about Mumias, KQ, Uchumi. Coz hakuna pesa huko



Guess what come next year we will vote them back in and if not there will be others who will teach the rookies how to eat good

The sad part @enyands is that there will be absolutely no training required!!! Both the government and the opposition are full of blood suckling vampires. Shameless thieves of public money and resources!!! BOTH sides.

And even the opposition are currently stealing together with the government. Take the National Youth money. Both sides were on the take. MPigs on both sides were in the eating committee!!!

The bypass costing a billion per kilometre, have you heard a single opposition figure utter a word or question the costing?? Wanna hazard a guess why???

Kenyans will be liberated when they stop recycling politicians. The day they will have the mindset to listen to a "random Kenyan" and vote for him if his track record (elsewhere) and policies are good, is the same day they will be liberated!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Ebenyo
#14 Posted : Friday, July 01, 2016 4:31:32 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
i like the way safaricom management has handled this issue faster.Kudos Collymore!
Towards the goal of financial freedom
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The Great
#15 Posted : Saturday, July 02, 2016 4:34:33 PM
Rank: Member


Joined: 9/9/2015
Posts: 233
Too little information to conclude so. Consider the possibility of scapegoating. Theyll let their guard down after a while na unga utamwagika tena.
"Buy when there's blood in the streets, even if the blood is your own."
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maka
#16 Posted : Saturday, July 02, 2016 5:56:52 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Ebenyo wrote:
i like the way safaricom management has handled this issue faster.Kudos Collymore!


Hasn't Tombleson moved to Vodafone New Zealand new post....
possunt quia posse videntur
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Ebenyo
#17 Posted : Saturday, July 02, 2016 6:52:39 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
maka wrote:
Ebenyo wrote:
i like the way safaricom management has handled this issue faster.Kudos Collymore!


Hasn't Tombleson moved to Vodafone New Zealand new post....


yes but his involvement with safaricom is over.we are done with him.
Towards the goal of financial freedom
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Ericsson
#18 Posted : Sunday, July 03, 2016 12:08:25 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Tombleson was maybe having home sickness.
He is feeling happy to be back home.He's done a good job having tripled safaricom profits for the duration he was here.
Now let's see what the new CFO has in store.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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MaichBlack
#19 Posted : Monday, July 04, 2016 10:34:56 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
maka wrote:
Ebenyo wrote:
i like the way safaricom management has handled this issue faster.Kudos Collymore!


Hasn't Tombleson moved to Vodafone New Zealand new post....

Just Ordinary Vodafone Staff Rotation
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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