Kenya Pipeline Company MD Joe Sang has decided not to seek a second term a the board commence investigations into losses incurred by the company. His term as MD of the company expires in April.
Kenya Pipeline Company lost 11.646 million litres — 5.956 million in spillage and 5.69 million to pilferage between March 2017 and May 2018 in nine separate incidences.
In a statement by chairperson John Ngumi it read that “the board received and accepted Sang’s letter stating that due to personal reasons he will not be seeking a second term.”
The company invited the Director of Criminal Investigations to carry out investigations into the loss after deliberations and meeting with the board.
“The board acknowledged the various contributions and welcomed his assurance of full cooperation during the transition,” said Ngumi.
Ngumi continued saying”The board directed management to accord maximum cooperation to both the DCI and the forensic auditors,.”
Sharp divisions in the top management are threatening to paralyse the troubled Kenya Pipeline Company.