23 C
Sunday, July 5, 2020

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

Must Read

Co-op Bank to acquire Jamii Bora Bank for Sh. 1 billion

Co-op Acquires Jamii Bora: The Co-operative Bank of Kenya is now set to acquire Jamii Bora Bank after finalizing...

Andrew Kibe: This is why I quit Kiss FM

Controversial radio presenter Andrew Kibe on Tuesday morning announced that he had quit Kiss Fm. The presenter was the...

Why Kenya abandoned this KQ plane in Ethiopia

KQ Plane Abandoned in Ethiopia: For the past 31 years, KQ plane Boeing 707-315B has been collecting rust at...

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.

Leave a Reply

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


Latest News

Consumers Facing Financial Uncertainty Under Covid-19, New Report Shows

Consumers shrinking wallets have sparked drastic shifts in spending, purchasing habits, and routines as they try to cope with...

Guangxi China’s Africa – Middle East digital trade expo kicks off

Guangxi Digital Trade Week: This year's China (Guangxi)-Africa and Middle East Digital Trade Week officially kicked off on June 29 this year. The digital...

Jalang’o now joins KISS FM breakfast show

Jalango Kiss FM: Popular comedian Jalang'o has joined Radio Africa's KISS FM. The move comes barely days after controversial morning co-host Andrew Kibe left...

KRA couple made Sh. 615 million, evaded Sh. 38.6 million taxes

KRA Manager Salary: A Kenya Revenue Authority manager and his wife have been charged in court for evading taxes worth Sh. 38.6 million. The...

Wambui Collymore: This is where we deposited Bob’s ashes

It is one year since the former Safaricom chief executive officer Bob Collymore died. He died on July 1 last year. He was the...

More Articles Like This

- Advertisement -