Friday, January 10, 2024 - Former Sports Cabinet Secretary Ababu Namwamba has revealed his net worth, shocking many Kenyans as he appears not to have stolen public funds like some other government officials.
Appearing before the National Assembly Committee on Defence,
Intelligence and Foreign Relations on Friday, Namwamba, who was nominated by
President William Ruto as the Permanent
Representative of Kenya to the United Nations Environmental Programme, declared that he is currently worth Sh500 million.
When he appeared during his
vetting for the CS position, Ababu had told the Committee of Appointments that
his net worth was Sh425 million.
This, he said, is made up of his
two houses in Nairobi and Busia, business interests, shareholdings, and pension.
He stated that the shares are in
major companies which include Safaricom, Cooperative Bank, and Kenya
Power.
“I hold some interest in
Safaricom, Coop Bank, and Kenya Power and I have indicated without providing
specifics because ordinarily, you would not know the dividends accrued to you
in a specific cycle,” he told the committee.
Ababu also told the committee
that he was suitable for the position, stating that President William Ruto had
explained to him the roles before the nomination was made public.
The Kenyan DAILY POST.
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