Kidero Net Worth: Former Nairobi Governor Evans Kidero blew Sh. 418 million within months in an attempt to get re-elected as the Governor of Nairobi.
According to a breakdown of the spending that was published in a local daily from court records, Kidero used Sh. 53 million to set up a campaign centre. He then used Sh. 37 million on his party, Orange Democratic Movement (ODM).
To rent an office space for his political activities for 36 months, Kidero used Sh. 7 million. Research and poll tracking cost him Sh. 8 million and spent Sh. 20 million on the day of the launch of his bid.
Money, property, wealth behind former Nairobi Governor Evans Kidero
Party nominations cost him Sh. 25 million, media and publicity took Sh. 75 million and publicity materials Sh. 47 million. Agents gulped his Sh. 55 million in reimbursement for travel costs.
Kidero then spent Sh. 25 million to monitor the elections, fueled his cars with Sh. 19 million, repaired them with a similar amount and entertained his campaigners with Sh. 6 million. He also had an additional Sh. 16 million as capital expenditure.
At the end of the mega spending, Kidero was left with Sh. 4 million. These revelations have brought to light the type of capital that is needed to run a comprehensive campaign for the capital city’s top seat. I also brought to question how the Governor was planning to recover over Sh. 400 million spent to win the seat. With a maximum salary of Sh. 1,056,000, a county Governor is expected to earn Sh. 63.4 million in five years. However, Kenyan Governors have gained notoriety for amassing unwarranted perks, kickbacks and big money tenders through the back door.
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This explains why an investment of close to half a billion shillings can be easily made on a county seat in anticipation of returns and profits. Kidero is currently engaged in a tax dispute with the Kenya Revenue Authority (KRA). Kidero Net Worth.
