Margaret Nyakango Wealth: The nominee for Controller of Budget Margaret Nyakango is worth Sh. 68 million.
Margaret Nyakango revealed her net worth during her vetting by Parliament. Her estimate included half of the value of her family home, which she acquired through a mortgage.
“We have just finished repaying the loan and I have taken half of that house and put it in my declaration as part of my net worth,” Mrs Nyakango whowas accompanied by her husband, David Nyakango said.
She made the declaration before the National Assembly’s Committee on National Planning.
A report that appeared in the Business Daily on Friday though observed that her net worth pales in comparison to individuals recently vetted for top State jobs with majority having assets in excess of Sh. 150 million. “Former Cabinet minister Esther Murugi Mathenge said she was worth Sh. 320 million while seeking to join the National Land Commission (NLC) while lawyer Gershom Otachi quoted properties of Sh. 200 million while seeking the same job” the report said.
Mrs. Nyakango, was until her nomination a director at the Kenya National Bureau of Statistics (KNBS).
“Wealth declaration for those seeking top public office is anchored in the Constitution as a tool in the fight against corruption. A separate law, the Public Officer Ethics Act, requires all State officials together with their spouses and dependent children under the age of 18 years to submit their wealth declaration forms once every two years. The full financial disclosure is a means to allow the Ethics and Anti-Corruption Commission (EACC) to detect and prevent corruption when top public servants are serving in office” the report added. Margaret Nyakango Wealth.