FKF faces questions after awarding Ksh 42 million CHAN insurance deal to new firm

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Fresh scrutiny has been directed at Football Kenya Federation over its decision to award a Ksh 42.4 million insurance contract for the upcoming African Nations Championship tournament.

The contract was given to Riskwell Insurance Brokers Limited, a company that had been registered only about two months before the deal was finalized.

The decision has raised concern because an established insurer had reportedly submitted a much lower bid of around Ksh 29.1 million for the same cover.

Despite the difference in pricing, FKF went ahead with the higher quotation without offering a clear explanation to the public.

This has led to questions about how the procurement process was conducted and whether all procedures were properly followed.

According to documents seen by stakeholders, FKF had received quotations from several providers before settling on Riskwell Insurance Brokers Limited.

The approval of the transaction is said to have involved senior officials within the federation, and payments were processed through local bank accounts.

However, details on why the newer firm was selected over more experienced competitors remain unclear.

The insurance cover in question is linked to requirements set by the Confederation of African Football, which mandates a $30 million civil liability policy for tournaments such as CHAN.

This cover is meant to protect against risks that may arise during the competition, including injuries, damages, or other liabilities involving players, officials, and fans.

While meeting CAF requirements is necessary, the cost difference between the bids has become a key point of concern.

Some observers are questioning whether the higher amount reflects the true value of the service or if other factors influenced the final decision.

There are also concerns about a possible conflict of interest, though no formal findings have been made so far.

The situation has prompted calls for FKF to provide a detailed explanation of how the procurement process was handled. Stakeholders are urging greater transparency, especially given the financial pressures facing football management in the country.

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