The immediate former Kenya Broadcasting Corporation KBC Managing Director Samuel Maina has admitted to having made an error in a settlement offer in the dispute with Dubai-owned channel 2.

The Multi-Billion Mistake that led to the firing of Mr Maina had seen the Fomer manager authorise the payment of US dollar 5 Billion for the settlement to the law firm representing channel 2.

Mr Maina has since offered an apology to the Cabinet Secretary for ICT Eliud Owalo stating that he misrepresented the currency in the settlement and that instead of Kenya Shillings, he quoted dollars which is equivalent to Ksh.769.5 billion.

According to Maina, it was a”grievous misrepresentation of the figure quoted” & has “withdrawn the letter with the USD figures”

In a letter dated December 18, CS Owalo accused Maina of committing the government to pay over Ksh770 billion in a case versus KBC without seeking approval from the ICT Ministry.

This was after Maina directed KBC to pay USD 5 billion (Ksh770) in an arbitration case filed at the London Court of International Arbitration (LCIA). 

According to Owalo, the KBC Managing Director was also required to get approval from the  National Treasury the Office of the Attorney General and the Department of Justice before committing to pay the money. 

In his letter to the CS and PS, Maina owned up to the blunder and informed the two bosses that he had rescinded the decision.

“I profusely apologize for not consulting you or the Principal Secretary in our ministry before doing the letter. I have also noted there was a grievous misrepresentation of the figure quoted in the letter.”

“I have forthwith withdrawn the letter and commit that such an error will not occur again.” stated the former MD as reported by the star newspaper.

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