Home KENYA NEWS President Kenyatta Signs into Law Bill Making NYS a Corporate Entity

President Kenyatta Signs into Law Bill Making NYS a Corporate Entity

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President Kenyatta Signs into Law Bill Making NYS a Corporate Entity

President Kenyatta has on Monday signed into law the National Youth Service (NYS) Bill that seeks to restore the image of the scandal-ridden State agency.

The Bill now becomes the NYS Act and turns the youth agency into a corporate entity, meaning it can now undertake commercial activities.

Public Service Cabinet Secretary Prof. Margaret Kobia says looting of funds from NYS will be a thing of the past following the signing of the law.

“The ministry is very happy with the new law. It will specifically strengthen the financial and procurement controls at the service bloated with corruption in the recent past,” says Kobia.

Ms. Kobia says the law makes NYS a strong outfit with clear internal controls including a 12-member council to oversee its management. An auditor will also be appointed to track use of public funds at the agency.

A chairperson appointed by the President will head the 12-member team whose main roles include policy formulation, oversight, and general administration. The delinking also allows NYS to stand by itself by engaging in income-generating activities.

The agency has lost billions of shillings in the past few years through fictitious contracts and illegal transactions.

President Uhuru has also assented into six other Bills among them the Building Surveyors Bill of 2017, the Health Laws (Amendment) Bill of 2018, the Statute Law (Miscellaneous Amendments) Bill of 2018, the Sacco Societies (Amendment) Bill of 2018, the Capital Markets (Amendment) Bill of 2018 and the County Allocation of Revenue (Amendment) Bill of 2018.

National Assembly Speaker Justin Muturi and Senate Speaker Kenneth Lusaka as well Attorney General Paul Kihara, Clerk of the National Assembly Michael Sialai and Clerk of the Senate Jeremiah Nyegenye witnessed the signing at State House, Mombasa.

 

5 COMMENTS

  1. This is an idea straight…
    This is an idea straight from the bottom of the stupidity barrel. What commercial activities will it be carrying out that are not carried out by private entities? You can’t have tax payer funded entities competing against private companies owned by tax payers.

    Like he said not very long ago, think like an economist and stop the ignorance.

  2. This is ludicrous coz Uhuru…
    This is ludicrous coz Uhuru recently gave an award to Waiguru! What an irony!

  3. very bad idea, kenya will be…
    very bad idea, kenya will be full of corporations that will dictate kenyans into slavery, like their US counterparts.Corporations never work for the interest of the people.

  4. With Uhuru, Ruto and now…
    With Uhuru, Ruto and now Raila factions of the government each jostling to control state parastatals, who is going to take control of this new Cash cow?

    • I am optimistic it will…
      I am optimistic it will succeed just like other parastatatals as long as positions would be pegged to higher qualifications and not any other considerations with covert interest. The entity don’t lack good people perhaps only some disgruntled guys. New team is vibrant,resolute and determined and with support from all stake holders things would be different. I see a new dawn where performance would rise but that is only if square pegs are put in square holes not round hole. Qualifications considerations is the pillar of goodies and the cradle of success in any endeavour as it happens in other corporate entities. Good ,wide and broad thinking goes with higher qualifications which are actual the distinct mark of triumphs….world over.
      Tying wide knowledge with up to date personnel and not necessarily experience for the sake will prove a real magical that has been sort for all this long.
      All the best to the new team God bless nys and God bless kenya

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