The funds came from a 2019 World Bank loan to support the Kenya Mortgage Refinance Company in providing cheap loans to banks and saccos for affordable housing. Gathungu reported no records on spending or repayments were available for verification, despite repayment obligations starting in 2024, because KMRC's statements fall outside her audit powers. This latest red flag echoes past concerns over Sh11.66 billion from the same loan and has sparked public outcry tying it to salary housing levies, with opposition figures demanding answers amid President Ruto's push for one million homes yearly.
