22.2 C
Kenya
Monday, October 21, 2019

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

Must Read

Richard Quest: This is why I would never start a business

Richard Quest Net Worth: Top CNN Business anchor Richard Quest was in Kenya in 2018. The host of Quest...

Grace Mumbi: How I make my 5 cows produce 90 litres of milk daily

How to increase dairy production: Very few dairy farmers can boast of getting 90 litres of milk per day...

Betin fires 2,500 Kenyans, closes 500 betting shops

Betin Employees: Betting firm Betin is shutting down 500 betting shops in Kenya. This has seen the firm sack...

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.

119,396FansLike
11,205FollowersFollow
7,865FollowersFollow
185SubscribersSubscribe

Latest News

Betin fires 2,500 Kenyans, closes 500 betting shops

Betin Employees: Betting firm Betin is shutting down 500 betting shops in Kenya. This has seen the firm sack...

Grace Mumbi: How I make my 5 cows produce 90 litres of milk daily

How to increase dairy production: Very few dairy farmers can boast of getting 90 litres of milk per day from five cows. But Grace...

Betin fires 2,500 Kenyans, closes 500 betting shops

Betin Employees: Betting firm Betin is shutting down 500 betting shops in Kenya. This has seen the firm sack over 2,500 Kenyans. Betin becomes the...

Joe Wanjui Profile: Biography, Family and Businesses

Joe Wanjui Profile: Billionaire businessman Joe Wanjui is a director at UAP Holdings. He is perceived as one of Kenya's most shrewd businessmen with...

Billionaire Chris Kirubi’s 11 ways you can get wealthy

Chris Kirubi Net Wealth: According to billionaire industrialist Chris Kirubi, to achieve success, you must adhere to a number of disciplines that will enable...

More Articles Like This

- Advertisement -
%d bloggers like this: