JIMI WANJIGI- Half Of The $2B Eurobond Of 2014 Never Came To Kenya
Вставка
- Опубліковано 11 лип 2023
- This is The Home of Sugar, Spice and Everything Nice!
Tune into Spice FM in Nairobi on 94.4 • Mombasa 87.9 • Nakuru 96.0 • Eldoret 96.7 • Nyeri 90.9 • Kisumu 102.5 • Malindi 97.7. Always LIVE on spicefm.co.ke
Spice FM © 2023
Follow us on
Instagram: / spicefmke
Facebook: / spicefmke
Twitter: / spicefmke - Розваги
Jimi just stresses us out even more every time he turns up. You think it is bad and then he turns up with a baseball bat to thrash you even more.😭
😂 well said. I am not even Kenyan but I watch when he is on and get stressed the f out by the data he presents
@@frkkful. Oppression makes awise man mad
I couldn’t say it better
😰
@@frkkful Me too! Jimi is one smart cookie!
He gave new meaning to "YOU AIN'T SEEN NOTHIN' YET" 🤣
This is the kind of content that should be played all over the mainstream media every morning. This is like a sound warning that dawn is at hand.
If you haven't caught what Jimmi is saying, let me summarize how I understand it;
The constitution requires that treasury takes both revenue estimates and expenditure estimates to parliament for approval as part of the budget.
Treasury has not been doing this. They have been taking the budget with half the requirements: only the expenditure estimates.
Revenue estimates are important because then they allow parliament to know how much money we expect to collect from our taxes and how much we will need to borrow domestically.
By not providing these revenue estimates, parliament is blind to how much treasury shall borrow domestically.
Treasury has been doing this, and using the fact that parliament has no idea how much should be borrowed domestically, to select some nefarious domestic lenders who finance non-existent projects in return for high interest repayments.
The money goes to peoples pockets instead of funding a project, and the lender gets paid back super high interest at our expense.
The biggest proof for this case by Jimi is that; if you remove the domestic borrowing aspect of our debt from the budget, that is to say, assume we did not borrow or spend anything from domestic borrowing and are only left with our taxes and foreign debt... you find that we had a surplus.
We had more money remaining after spending the money from our taxes and money borrowed from foreigners..
So why did we then borrow again 5 trillion, domestically, to finance what projects?
I think he is right, and we are losing money to public finance thieves
😢
Why are you mulikaing loot all, Kuria and BiggyG? Zakayo has to collect back what he spent to bribe voters. He took power and lied that there is no money at the treasury but he has not jailed anyone for stealing!
Okiya Omutata appeared on this same radio and elaborated more on why and what happens to this money that is never accounted for more . He has even talked about who and when constitution was bypassed to accommodate some illegalities. Its worth checking it out
By presenting it like this you also forget half of the books your assume that domestic debts are not repayed and have no costs. We can't know without all the facts. But in another podcast here was said that internal Dept is more then 70% of all Dept at an interest rate of 18%. So the records are somewhere published or maybe at least to the ppl that audit the books.
Manze this is what we need from radio shows. You've earned a sub.
I'm so sorry for not voting for you Jimmi. Please accept my deepest sincere apologies 😅
JImmi has a way of presenting complex accounts analysis in a very simple manner...Jammi ameiva accounts kabisa. I am casting my vote to have jimmi on more sessions like this...
Spice!! Thanks for facilitating this talk. Brilliant content. The looting as per the talk is on a grand scale. Leaders siphoning ignorant Wanjiku with no mercy. The greed here is tremendous. Finally time has caught up with these greedy looters trying to conceal illegalities(neo-colonialsim). I haven't pictured myself picketing, but if Jimmy calls for one I will be glad to show up. I think this are the real issues kenyans should be organising demos for.
To Jimmy, you continue unravelling the truth and thanks to your effortless vigour in this. We are in so much trouble funding a gvt that continues to lie to us Kenyans. Its mesmerising just understanding the figure work you have laid out. As an Accountant, i am bumbuzzooled.
This is such an eye opener into just how the government is liable for what we are going thru as of now.....just mind blowing.
The depth and stats analysis in these conversations is amazing. Spice Talks, indeed. It's now becoming a ritual to listen to you guys daily. Confession: then I go out there and sound more intelligent and informed in conversations 😋Thank you from Iten.
I would say Ruto is lucky to have jimmy as his advisor...even if they may disagree, if he follows his advice about odious debt by Uhuru's regime n makes sure he does not follow the same route, he will not find himself in trouble, once he leaves office
You don't need to sound more intelligent. You need to work your tail off to pay for the loans that created Wanjigi and other thieving billionaires.
What if he's complicit in some of it and both he and UK are holding each other's **lls and the only way to hide each other's complicity is to tax us even more?
@@dandee7414is Jimmy really Zakayo’s adviser?
He's far from his adviser lol...I think you're confusing Jimy with Ndii the erstwhile reliable economic advisor now integrity/values turncoat
These guys are doing a great job...only recommendation is they put up a wall projector to show any/all exhibit documents when they're from them.
They always cut the talk when its very juicy and we are left hanging.... Jimmy wanjigi needs 3-5 hours to discuss all the issues
I listen to this guy speak, and I feel like crying. Our issues are right here with us, and the solutions are right here with us too. We've inclined ourselves to tribalism too much to the extent that we don't see the obvious. God help our country Kenya.
KENYANTTA FAMILY SHOULD BE ARRESTED THEY HAVE MESSED 🇰🇪 🇰🇪 🇰🇪 🇰🇪 🇰🇪 🇰🇪
And Ruto and Raila covered them.
And Kimani Ichungwa too...
And every minister of finance....
WSR as well, this fraud is ongoing, and in a bigger way. Look at all the taxes that have been introduced in Finance Act 2023 - to Finance artificial debt. He has taken it to another level.
Uhuru is very cunning,all this mess you seeing he created them.Ruto and raila are not our biggest problem but uhuru family.see how how he as monopolized all businesses
@victorkinyanjui7153 imagine. What go's around comes around.
Prople will watch this and still vote for Ruto. The problem is not Ruto. It’s the voters. We are complicit.
This just shows how the media should start investing on hosts who have an understanding on how the economy works!
Media schools should train people on various expertise, like economy, medicine, tech, engineering, governance, law, etc, just to have good knowledge and background to report, write, and interview on them.
true
Wanjigi you’re a talented patriot who must be supported by all means by citizens. That’s the money which is used by corrupt politicians for campaigns etc bwana mashamba ufisadi daima alliance must respect the integrity intelligence of Kenyans.
It's a long continuous con, far beyond a single sitting government
You can't blame the existing one only
Everytime I listen to Jimmy I get a heart attack!!! I sicken. I stay in Huh!!!
"You can hide but you cannot escape" slogan is what those who commits economic crime should know, - Jimmy Wanjigi _ the likes of Martin Shikuku
Yes YOU can hide but CANNOT run away. It's a man-made poverty by our FAKE protectors.
I still dont understand us kenya how we wake up in the morning and go to sleep in the evening with fuel prices at almost 200ksh and treat everything as OKAY....even after the court has ruled the adjustments unconstitutional
May God protect Jimi Wanjigi. 🙏
True, coz it seems the cartels (Banks, treasury and politicians are big)
Thanks to a future president and Spice FM for hosting resourceful professionals. I love CT's proverbs.
Our constitution is vibrant and SUPREME!! Am afraid for the Corrupt..
Wanjigi playing the long game creating awareness from the beginning and .....tukutane 2027 kwa ballot💪🏾
Kumbe umeona
Invite the Director of Debt of CBK to unpack how they go into the T/Bills and Bonds market based on law and if it can be declared odious
I hope this guy has strong security🙈🙈🙆🏽♀️🙆🏽♀️
The irony of a media host thanking a guest for a job they should have done through investigative journalism.
Me, I just want to thank Maina Wanjigi (Jimmy's father) for giving us Jimi. Amen.
Saw
Jimmy should be the Finance CS, Soo smart and informed on the financial law
His father wanted him to become an accountant, but he refused. Parents see our strengths even if we deny it. It’s a the same talent is now making him a force to reckon with in Kenya!
A president is better
Rashid Echesa was appointed Chairman of the Kenya Water Towers Agency. God speed Kenya.
2025/2026 Strategic Intervention, temp workers ... (80.57 Billion per year / 12 = 6,714,166,666 per month) / 50,000 = 134,283 Jobs with a salary of 50k per month
Theft man. The whole kasarani stadium is barely 55k people
Poll agents , Census agents are all budgeted for in their respective line ministries
This is the best breakdown to conceptualize the extent of this theft. One single line item in treasury budget can create 135k jobs paying 50k monthly.
That 80b line item is only 3% of the total theft. Lord help us
Spice shares all of Jimmy's evidence, questions and concerns to treasury then we have a whole morning show tackling each issue with representatives from both sides.
perhaps, just perhaps the system "govt" needs to be reset. thank you mr. Wanjigi for highlighting and breaking it down in a way we can fully understand
Remember his words.... 'The day shall come when they shall answer for this'👍
This things should be taken to the supreme Court and we pray for cancellation of these illegal domestic debts.
5.3 Trillion has been borrowed locally in the past 10 years !
Let me sit down and listen keenly
And we have the capacity to pay local bills, foreign debts and have a surplus of 33b. Kenya is one messed country
This guy always has intellectual conversations and he gives complex accounts analysis on budgets
This information is too big, i am almost not believing... Bring someone from treasury.
Lord knows we are flabbergasted, we will break these chains
I haven't pictured myself picketing, but if Jimmy calls for one I will be glad to show up. I think this are the REAL issues kenyans should be organising demos for.Sio vitu Raila na wenzake wanafanya
True!!
Raila raised the EURO BOND heist previously and people were more of Tano or Kumi Tena
Agree
Yeah, it's more confusing. Maybe our Expenditure and Borrowing is a Government secret
I would have said that this was a brilliant presentation if only the matters we heard presented weren't so diabolical. By not divulging names, Jimmi seems to be putting the domestic debt lenders on notice. These are the real beneficiaries of the economic crises we now find our country in. Jimmi's investigative trail therefore cannot go cold after bringing us this far. I hope that he gets to reveal the identities of the big institutional buyers of Kenyan bonds in future shows and the personalities behind these institutions.
We need Jimmy's dose of economics weekly.
Fantastic show. Put up a huge whiteboard in the studio for a line by line walkthrough going forward :))
After just watching part one & now onto this part 2 .. I’ve reached & had to pause @13:36 .. Waaah wah wah 😭 😱
Once again I wish to thank Jimmi for making us understand the whole public finance management of our country and the filth there in. This is patriotism.
I believe these matters should be litigated and the best avenue right now is to support omtata's suit on "Finance bill 2023/24" or to initiate a fresh litigation all together. We need to straighten up this for good.
What the F***k. How on earth did we get ourselves here?
I have played this show on repeat thrice since when it was posted...damn the rot in our country Kenya is huge, I just wonder how we keep going.
Purely by the grace of GOD.
This has become my number one radio show. Keep up lady and gentlemen.
Jimmy is brilliant in financial management. Kindly connect me to Jimmy so that I learn from him.
Actually he is university
Thank You, Most Enlightening 55mins I’ve had this week. ⭐️
😊 when I see Jimmy
Very well explained, the issues of debts, borrowing, interest on certain payments, expenditures etc etc.
Nice discussion. CT can read excerpts of the paper with a screenshot on the you tube screen
We appreciate you beautiful fellow Kenyans. Why dont you go to court for us tomorrow, what stops you. Why is the interest almost equal with the principal borrowed
Good Auditing of accounts and the way money is spend, is very crucial, so as to avoid the country going bankrupt.
Mind opening
Interesting. 😮
Now this is quite engaging. Loved the way Jimmy brought out the facts with accurate data & documentation.
Indeed we are heading the Ghanaian way, soon rather than later.
Go to court, supreme court please to declare all these loans null and void
Supreme court? That's the court of hot air. Just a waste of time.
Kenya tunaibiwa na gava left,right,centre,horizontal,vertical,diagonally
Very necessary conversations by this channel. Thanks for contributing immensely to the waking up of kenyans..
Insightful. Let's host Jimmy once more guys.
I waited and waited for RAO to talk about this - but till today he is silent
In what capacity are you expecting him to talk about it? To what position did you elect him? Don't you have a top duo Executive thieves that you elected to run the show? Dud you elect an MP, whom together with his colleagues gave the constitutional role to oversight the Executive thieves? What's your understanding of the oversight role that Parliament has over Executive thieves? Shida yenu ni too much ushenzi! Elect competent, morally upright, people of intergrity to take charge of the Executive function. Then elect competent, morally upright people of intergrity to Parliament to oversight a competent, morally upright Executive of intergrity.
It is only a fool who will hire a thief to look after his wealth, after which he starts complaining why the watchman he didn't hire didn't speak up when his thieving watchman carting away his wealth!
You have to be really stupid to act that way.
He is just part and parcel of the den of thieves
A big shareholder
Remember when he raised the EURO BOND heist and it was Tano/Kumi Tena?
Members of parliament should be blamed for this mess.
Absolutely. Most of them are very daft. And it goes back to the voters. Most voters don't understand the role of an MP. So they elect an idiotic Parliament to oversighting a cunning and conning Executive.
Local banks are making a killing on this one
Indeed our country is dirty people doesn't care about others
i support you...
Kenya is a very Rich country- Thanks to Jimmy
Kindly Spice fm... Can we have more time with such issues so that we the common mwananchi can get more informed....
Tafadhali
Y'all are doing a great Job. kudos Wakurugenzi
Very nice. " Not all the trees in forest give goof firewood"
Thanks Bw. Jimi for highlighting misappropriation of funds by Govt and their lies.😢
Wanjigi needs to be protected by all costs.
Jimmy... Jimmy... Jimmy.... He is putting pressure on the 5.4T soooo good if i were the people entangled in that sum, i would be melting down to my boots. Not unless they believe that this information will never come into fruition and bite him/her back and also thinking he/she is safe and protected. Their days are coming Mr Wanjigi please don't stop, you are the only person smart and rich enough to tingiza hyo mti climbed with people who have stolen from us.
Word.
The document that shows a surplus, please confirm if it's tax revenues against recurrent expenditure or against development funding... because I heard it to be against the latter...if so, then where would funding for recurrent come from?
Liquidity loans are taken domestically by government in order to bridge the timing of expenditures with the timing of receipt of tax revenues. In other words, there is recurrent expenditure that must be incurred ahead of revenue receipts. Operationally, it is not possible to confine borrowing only for development projects.
Wizi cha live!
Strategic interventions->Gross daylight public finances looting….How shall we be saved
Watu walikula
You can upload them in the video description section
why the jump cut at 31:00???
Oh my! What is wrong with this country?
UhuRuto's Third Term is here with us.
Two thieves, and Raila as the lookout pretending to be opposition but he never raises these issues.
Hawa woote ni wezi. They belong in jail
Sad state of affairs good job guys
Share the documents please
Jimi anafaa ahame kwake..... Anybody bagging all those moneys, can easily kill.
He will be assassinated. Eurobond scam is what killed Jacob Juma. What Jimmy is revealing is more damning x 10³
We as citizens are paying for the greed of our political leaders through increased taxes being introduced everyday.
Could you ask Jimi if he could kindly make his documents available on a website for us to download and review
all documents are in public domain....... Parliament and Treasury website
His Compiled Forensic document.
You need to invite the CBK Governor/ KRA/ Finance minister to respond.
I would love to see an unravelling of these organisations and individuals who constitute the 'domestic lenders'
They are mainly banks and wealth management funds. Their key shareholders are in government.
NCBA must be involved 😅
It's crazy....if we had a strong opposition this could not happen.Opposition is meant to oversee the government.This is why handshakes should never be encouraged.
All I’m waiting for now is the Jacob Juma connection 😅 tracing this conversation he is the first to whistle blow ………..popcorns ready
My vote for u in 2027...
Great work situation room, this kind of conversations should be dominating our headlines every single day on every media, instead what get is political drama trash that is not going to help fix this country's problems and grow the economy.
Also surprising we dont have leaders like this at the helm instead we celebrate fools who are so ego centric, self centred and have no brains to help kenya out of its economic challenges..... In wanjigi i see hope of a better kenya.
How cheap are our leaders anyways? You would sell the lives of 53m kenya for petty money?
I wish RAO was calling for maandamano using such figures. We want hard evidence and facts. Not whipping up emotions.
Mimi naumwa na kichwa🤯🤯🤯🤯 Ati pesa ngapi imeenda wapi????
strategic interventions. Kenya, nchi ya wajambazi...
Wueh! You can't make this stuff up. Where do we even begin?
Dear Mr. JIMI WANJIGI- would you suggest that domestic loans should not be serviced? Loans that have not gone into investments are illega. Ok. You assume that they are fraud or corruption. I have another possible explanation. Kenyan government has regularly difficulties to pay the teachers. They go without salary for up to 6 month. Would you say the government should not pay them at all? To me that is a sign that tax income is not high enough to service the costs of the obligation the state has to satisfy the peoples needs. I am with you that there should be transparency and that there should be the possibility to pay some % of the budget with local debts. I think we have this situation out of pragmatism more then of corruption. But lets find out if there is corruption.