Monday, July 15, 2024

Former Nairobi County Finance boss loses assets worth Ksh 614M to EACC

The Ethics and Anti-Corruption Commission(EACC) has seized asests worth Ksh 614 million belonging to former Nairobi County finance boss Jimmy Mutuku Kiamba and his wife.

Among the assets seized are seven prime properties located in Runda and South C area of Nairobi with an estimated market value of Ksh 500 million and 113.8 million respectively.

“Following successful litigation at the High Court, Court of Appeal and Supreme Court, EACC has moved to seize Seven (7) prime properties in Runda, Dennis Pritt Road and South C in Nairobi, with an estimated market value of over Kes.500,000,000 and Kes.113,893,743 held in various bank accounts, belonging to former Nairobi County Chief Finance Officer Jimmy Mutuku Kiamba, his wife and associates.” said EACC

The court also noted that the assets constitute to unexplained wealth and proceeds of crime thus the need to forfeit them back to the government.

“The Court concurred with EACC that the assets constitute unexplained wealth and proceeds of corruption at the Nairobi County Government, and ordered that they all be forfeited to the Government of Kenya.” said EACC

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