In a scandal akin to the Mike Sonko tenure, the new Nairobi Governor Sakaja Johnson is already captured by powers that be.
Here below, we present to you the dealings of the Prime Cabinet Secretary Musalia Mudavadi, the cemetery land scammer and the one serving Nairobi County with conflict of interest tenders.
First Assurance, a company belonging to Musalia Mudavadi has been awarded a tender to provide medical cover for the Nairobi County staff at a cost of Sh1 billion.
Mudavadi revealed that he owns the insurance company during his vetting by the Committee on Appointments in October 2022.
First Assurance, which started in Kenya as Prudential Assurance Company in 1930, offered group life, medical and general insurance.
The company’s shareholding structure had remained a well-guarded secret, the only information available being that it is owned by two investment vehicles – First Assurance Investment and Syndicate Nominees.
One of Mike Sonko’s cash cow was the insurance health cover where AAR was paid Sh668 more than what was required to cover Nairobi County Government Staff . It is the Sh357 million garbage collection scandal that utlimately sent him home – Editor
Yesterday, Mr Mudavadi disclosed that he has investments worth Sh255 million in First Assurance through First Assurance Investment.
He also owns another Sh185 million shares in the insurance firm through Syndicate Nominees.
Mr Mudavadi, who first became a Cabinet minister in 1989 at 29 years, owns the Absa investment through First Assurance Investment and Syndicate Nominees. First Assurance Investment has other investments worth Sh650 million.
Where will you take us?
Mudavadi is the new cartel leader in town.
It is reported that he also negotiated the Nairobi parking system tender.
The dishing of tenders, close proximity to power and the sudden stop by the Kenya Revenue Authority (KRA) to ask Mudavadi to pay Sh100 million tax that he owes the country, have made the guy grow horns.
A chest-thumping Mudavadi recently said, “I am not a person who brags, but the truth is William Ruto defeated the system and the deep state in the last election. Now he has the system and the deep state. Why would you hang out there speaking ill of us? Where will you take us?”
In the Daniel Moi govt, Musalia Mudavadi was the finance minister when the country lost over Sh100 billion in fictitious payments to companies that lied they are exporting gold. The scandal is famously known as Goldenberg.
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