22 C
Kenya
Thursday, December 12, 2019

Scanad: our Sh. 1.2 billion tender with Safaricom was clean

Must Read

Kenyans have borrowed Sh. 430 billion on M-Shwari

M-Shwari Loans: 31 million Kenyans have so far taken a loan on mobile-based lending platform M-Shwari. This has taken...

The salary John Gachora earns as CEO of Kenyattas’ NCBA bank

John Gachora's Salary: In May 2019, John Gachora was appointed as the chief executive officer of NCBA Bank, a...

Most affordable and safest estates (and places) to live in Nairobi

Most affordable and safest estates: With the higher costs of living which is currently prevalence in Kenya, you probably...

Media agency Scanad, which is a branch of Nairobi Securities listed firm WPP Scangroup has come out to deny that it took an irregularly awarded contract at Safaricom for the supply of media related services.

According to Scanad, the payment of Sh. 2.1 billion by Safaricom to the firm was paid in the normal cause of business. “”The payments are not in dispute. They were for the media that Scanad acquired on behalf of Safaricom for the two year period and production costs of TV and Radio advertisements, photography and fees for the agency,” the media firm said in a statement issued on Friday.

This follow revelations by a Safaricom internal audit report by KPMG leaked to the public and presented to the parliamentary finance committee on tender irregularities at Safaricom amounting to around Sh. 289.4 billion. The KPMG audit report revealed that Scanad’s Sh. 1.2 billion contract was one of the disputed tenders being investigated.

Scanad further confirmed that in Dec 2013 to January 2014, it participated and won a tender with Safaricom to process creative ad media services. “The contract was awarded for a one year period with the option for a extension for a further two years which was granted in 2015,” Scanad said in a statement.

- Advertisement -

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

132,409FansLike
11,063FollowersFollow
7,640FollowersFollow
199SubscribersSubscribe

Latest News

Kenyans have borrowed Sh. 430 billion on M-Shwari

M-Shwari Loans: 31 million Kenyans have so far taken a loan on mobile-based lending platform M-Shwari. This has taken...

The salary John Gachora earns as CEO of Kenyattas’ NCBA bank

John Gachora's Salary: In May 2019, John Gachora was appointed as the chief executive officer of NCBA Bank, a unit that was created from...

Most affordable and safest estates (and places) to live in Nairobi

Most affordable and safest estates: With the higher costs of living which is currently prevalence in Kenya, you probably want to live a comfortable...

Qatar’s Sh. 131 billion Rwanda airport set to beat JKIA

Bugesera International Airport: Rwanda and Qatar have entered into a partnership that will see the building of Sh. 131 billion Bugesera International Airport outside...

Chef Mathew Gathua: How I started Valentine Cake House with Sh. 27,000

Mathew Gathua a baker by profession is the Founder of Valentine Cake House, Kenya's most popular go-to cake house that has been dominating the...

More Articles Like This

- Advertisement -
%d bloggers like this: