Tuesday, June 18, 2024

Jimmy Mutuku: Nairobi man loses Sh500m assets, Sh114m cash to the government

The Supreme Court has directed the seizure of multimillion properties and money in bank accounts belonging to former Nairobi County Finance Chief Officer Jimmy Mutuku Kiamba.

The order issued to the Ethics and Anti-Corruption Commission (EACC) on Thursday, May 23, will see Kiamba, who is under investigation for corruption, lose assets worth over Sh200 million to the government.

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The officer reportedly had Sh113.9 million in his bank accounts and owned seven multi-million properties which are suspected to be proceeds of illegal deals.

The Supreme Court bench, including Justices Mohamed Ibrahim, Smokin Wanjala, Njoki Ndung’u, Isaac Lenaola, and William Ouko, directed EACC to auction the seven luxury properties worth Kes.500 million.

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“EACC will also auction his seven properties, valued at approximately Kes.500 million, located in Runda, Dennis Pritt Road, and South C in Nairobi, unless he opts to pay the total market value of the properties to the Commission, as ordered by the Court,” a source at EACC said.

Initially, EACC listed 15 parcels of land, seven vehicles, and money in bank accounts. The total wealth was estimated at Ksh872 million.

The figure was, however, reduced to Ksh575 million and in a ruling by the Court of Appeal, Kiamba salvaged Ksh168.7 million wealth. The officer had been accused of acquiring the property between 2009 and 2013.

Kiamba had petitioned the Supreme Court to dismiss the EACC case questioning the source of his unexplained wealth, but the plea was rejected.

The Commission said that Kiamba failed to satisfactorily account for the disproportion in his wealth when EACC gave him the opportunity to do so, thus triggering the forfeiture proceedings.

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