ODM leader Raila Odinga has said that National Treasury John Mbadi is under instruction from the party to ensure the housing levy is converted into an investment fund in this year's budget.
Raila said this will enable contributors who fail to get the house under the government-run affordable housing scheme, to recoup their money.
Speaking during the 42nd Annual Seminar of the Institute of Certified Public Accountants of Kenya (ICPAK), Raila also reiterated his stand against the Constituency Development Fund (CDF).
He said the CDF should be abolished so that MPs and MCAs are left to do oversight and legislative roles while the governors issue bursaries. "Do all the public participation you want, but in a referendum you will lose.
