23 C
Kenya
Tuesday, November 24, 2020

I’m worth Sh. 68 million – Controller of Budget nominee Margaret Nyakango

Must Read

Kenya Power set to increase cost of electricity

Cost of Electricity in Kenya: The cost of electricity in Kenya is set to rise significantly. This is after...

Uhuru: Schools to reopen in January, curfew now at 10pm

Covid-19 Protocols in Kenya: President Uhuru Kenyatta has announced that schools will reopen in Kenya in January 2021. The...

LG Electronics Kicks off a ‘DARE TO DREAM’ Campaign to Reward Lucky winners with LG AI DD Washing Machine

 LG East Africa has unveiled a campaign dubbed “DARE TO DREAM” talent search that seeks to reward lucky Kenyans...

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.

Simeon Nyachae owns Sh. 300 million stake in Kenyatta family bank

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.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

190,412FansLike
11,005FollowersFollow
243FollowersFollow
303SubscribersSubscribe
WhatsApp
Telegram

Latest News

Cops build house for Bungoma colleague who lost job after paralysis

Paralysis in Kenya: If you lost your job today, would your colleagues ever remember you? Well, a group of...

Safaricom Wins Award for Enterprise IT Security Solution

Safaricom (NSE: SCOM) has been recognized as the Best Managed Security Services Provider (MSSP) in East Africa by Fortinet, an American cybersecurity corporation. Safaricom emerged top...

KDF pays farmers Sh. 250 million after Kenya Meat Commission takeover

KMC Beef Farmers: President Uhuru Kenyatta's decision to transfer the Kenya Meat Commission to the Ministry of Defense appears to be paying off for...

Co-op Bank braces Covid to post Sh. 9.77 billion net profit in nine months

Co-op Bank Nine Months Profit: The Co-operative Bank Group has reported a net profit of Sh. 9.77 billion for the first nine months of...

Cops build house for Bungoma colleague who lost job after paralysis

Paralysis in Kenya: If you lost your job today, would your colleagues ever remember you? Well, a group of police officers from Nairobi have...

More Articles Like This