Humphrey Kariuki Ndegwa is said to be a billionaire, a Kenya Shillings Billionaire to be exact.
The Directorate of Criminal Investigations (DCI) and the Kenyan Githeri media seem to have been pocketed to cleanse this crook.
We Kenyans are either very uninformed or seriously math challenged. We insult ourselves and people who are real billionaires in dollars and pounds by calling so many debt-strapped Kenyans “billionaires”.
On average 100 KES equals 1 dollar. So a Kenya shillings billionaire is someone who has actual net worth of just 10 million dollars. That’s it. Calling such a person billionaire is an insult to real billionaires because such Kenya shillings billionaire is still like $990,000,000 short before he can be called billionaire. So let us stop disgracing ourselves by calling these people billionaires. All media people take note.
Also there is something called net worth in wealth measurement. Your net wealth is your assets minus what you owe. We Kenyans just think of the visible flash the man is showing or businesses he is supposed to own; but safely hidden most of the time are mountains of debt or identities of others he is fronting for!
Cash generating businesses like hotels, restaurants, bars, shopping centres are effective platforms for money laundering.
Many of them rent private jets and claim they bought them. Just google the number on the rail of the private jet and you will see who actually owns it or from whom it is rented. Check out this man’s jet and see.
Being called billionaires and skipping to specify they are just Kenya Shillings billionaires allows them to continue scamming and winning large tenders because gullible people imagine they are already successful.
That is how a certain paper
company called Great Lakes Africa Energy domiciled in a lawyer’s office and having just one desk in the London offices of another company wins large energy tenders in Africa, including to build $400 million power plants! Since DCI may he compromised, if for example UK Serious Fraud Office were to investigate such transactions, don’t be surprised they will discover tender fraud, loot sharing, bribery and official corruption of high magnitude that can only happen in Africa.