Nairobi, June 8 -- Lawmakers have questioned a decision by the National Treasury to spend Sh400 million on renovations of an office block whose acquisition from a private firm has not been concluded, saying it exposes taxpayers to financial risk.

This comes after the National Assembly Committee on Finance and National Planning approved acquisition of the five-storey block from Jubilee Holdings on Wabera Street, Nairobi, for Sh2.5 billion.

The National Assembly approved Sh1 billion in the financial year 2025/26 supplementary estimates I as part of the acquisition plan, with the balance to be cleared in the 2026/27 year.

The building, known as Jubilee Insurance House, was vacated by the insurance company, which moved its operations to th...