The Ethics and Anti-Corruption Commission (EACC) has revealed a trail of cash allegedly stolen from City Hall and used in the upgrade luxurious apartments in Nairobi’s Riverside Drive owned by ex- Nairobi Governor Evans Kidero.
According to EACC part of the loot Sh14.4 million was wired from City Hall through a fake legal contract was sent to the former governor through a company known as Cups Limited associated with Dr. Kidero’s past chief of staff George Wainaina.
EACC has launched a court bid to recover the Sh14.4 million from Dr Kidero and is alternatively seeking one of the apartments to be held in trust on behalf of City Hall. Additionally, City Hall has lost Sh58.8 million in the scheme that saw the cash wired to 10 people. The commission wants the money refunded or allowed to seize the assets including land and cars of the accused persons.
The anti-graft says Dr. Kidero is faulted for acquiring proceeds of crime and unjust enrichment through the Sh14.4 million payout. The former governor has a vast real estate business which boasts tenants such as the governments of the United States, the United Kingdom, Sweden, and expatriates. He also owns hundreds of acres of land worth billions of shillings. His land and buildings are estimated to be worth at least Sh9 billion, making him one of Kenya’s wealthiest people.

Leave a Reply

Your email address will not be published.