Ahmednasir slams CS Macharia on peanut house levy graft fine

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The government has directed employers to start deducting 1.5 percent housing levy from all employees in the public and private sector beginning next month.

In the scrutiny of the regulations put in place by the government to prevent theft from the project, Lawyer Ahmednassir Abdullahi has noted that the law in place show that CS James Macharia and Attorney General Paul Kihara know who will win the tender and who will steal the money after failing to deliver.

“When CS Macharia and AG Kihara make this kind of law…they have a good idea who will win the TENDER and who will steal the money after failing to deliver…this is what OWNERSHIP of state apparatus entails,” Ahmednasir has tweeted.

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Here is the law:

Offenses and penalties; 25. A person who misappropriates any funds or assets of the Housing Fund, or assets or causes any person to misappropriate or apply the funds otherwise other than in the manner provided in these regulations, commits an offence and shall, upon conviction be liable to imprisonment for a term of two years or to a fine not exceeding ten thousand shillings or to both.

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The government aims to build 500,000 affordable homes by 2022.

The 1.5 percent levy on salaries is expected to generate about Sh57 billion a year, from about 2.5 million salaried Kenyans, with additional revenue expected to come from voluntary contributors, who will be putting in a minimum of Sh200 into the fund per month.

Many Kenyans have agreed with the lawyer that the entire Housing Levy smells like a contrived scheme to steal the money saying sh 10,000 is too small considering the huge amounts that will be stolen.

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What do you think about the sh 10,000 fine?

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