The hottest news right now is about one John Ngumi receiving payment of Sh415 million for the advice he gave in the sale of struggling Telkom Kenya.
Mr Ngumi through the Eagle Africa Capital Partners Limited was arrogant to Members of Parliaments as he explained the payment.
According to Mr. Ngumi, and verified reports indicate that Mr. Ngumi was a proxy to Uhuru Kenyatta and Kenyatta family who would use him to launder and steal from government hence why he was being placed in all institutions
He explained that he deserved to receive Sh1 billion from the Sh6.1 billion deal.
“So, what kind of skills did you bring to this transaction that made you get paid this amount of money in five months? I am really struggling to understand,” said Mr Kuria, noting that Mr Ngumi only appeared in the picture after Helios Investors Chief Finance Officer Paul Cunningham revealed to the joint committee the amount the Eagle Africa Capital Partners owner was paid.
The government of Kenya acquired full ownership of Telkom Kenya at the tail end of Mr Uhuru Kenyatta’s tenure.’
The United Kingdom firm Helios Investment Partners was paid Sh6.1 billion for the 60% stake it held in the Telco.
With experience in executing loots, tt was highly unlikely that the UhuRuto govt would use any other person to execute a corrupt deal; even in the Telkom saga. – Writer
As per law, the deal was supposed to pass through parliament but, it didn’t.
It was a rushed, hushed robbery synonymous with John Ngumi, who had cut his teeth as a man of huge financial loot in some sectors of the country.
While speaking to MPs before the joint sitting of the Finance and National Planning and Communication, Innovation and Information Committee of the National Assembly investigating the acquisition of Telkom Kenya, Mr Ngumi casually replied that ‘I am the best in business, that’s why I was paid the amount”.
This is the same attitude that all looters in previous and current regimes always have.
They hide behind inane answers that create uproar and they enjoy the sideshows that it evokes; because a section of Kenya (not me) love just that, sideshows.
As per analysis, the Mr Ngumi was a mule for the big people in government.
By going through with the transaction, bypassing parliament approval, the Sh415 million was paid as a kickback and a thank you to the facilitators at State House Nairobi, and the Ministry of Internal Security.
In the past, Mr Ngumi looted Kenya Pipeline Company as board chairman. It was highly unlikely that the UhuRuto govt would use any other person to execute a corrupt deal.
JOHN NGUMI’S CORRUPTION SCANDALS AT KENYA PIPELINE COMPANY
Attempt to Steal Kshs. 11 Billion
In 2017: Mr. Ngumi wanted to steal Kshs. 11 billion in which the President Uhuru Kenyatta and Deputy President William Ruto were among the beneficiaries.
Parliament, through the Senate’s Public Investments Committee, stopped this plan in its track before it was too late.
Mr. Ngumi and the then Managing Director Joe Sang wanted to steal the money using a company called Zakhem International.
Zakhem International were building a new pipeline from Mombasa to Nairobi and Ngumi and Joe connived with officials from the company to inflate the costs midway, to enable the two thieves make away with taxpayers money.
Theft of Kshs. 1 Billion
An anonymous letter sent to the chief editor of this site stated that Kshs, 1 billion had been stolen from KPC. At the centre of the scandal stood non other than KPC Chairman John Ngumi.
The company that was used this time is known as Aero Dispensers Limited and Thermo Dynamic General Supplies.
Aero Dispensers Limited, which makes no tax returns at the Kenya Revenue Authority (KRA) received payments in batches amounting to billions of shillings.
The two companies named above are ghosts and they made away with huge amounts of taxpayers money.
KPC Crooks bribe Anti-Corruption agency, EACC
When the heat is too much, you bribe the one who is supposed to arrest and investigate you.
Then Chairman of the Ethics and Anti-Corruption Commission (EACC) Halakhe Waqo was paid off millions of shillings to ignore a letter detailing how Kenya Pipeline Company Directors plus senior staff have been conspiring to Loot Billions from the State Owned Corporation
Many more scandals by titles below
Bribing the National Environment Management Authority to look the other way
Nepotism, corruption and Favoritism