Millionaires Club: A Look into Kidero’s Friends Large-sum Donations

We all want those good friends that will be there for us especially when we need them. Well if you have not been lucky to get one then go seek advice from former Nairobi governor Evans Kidero.

The former City Boss allegedly received about Kshs. 423 million from his friends and supporters. According to the governor, these were all donations.

He links the money to contributions from friends, supporters and well-wishers when he sought political office after leaving Mumias Sugar Company where he was CEO.

“He admitted having received several contributions from friends, supporters and well-wishers to the tune of Sh423 million. This, he said, was the subject of an arbitration before the Kenya Revenue Authority,” said Justice Hedwig Ong’udi.

The judge was making a ruling on Mr Kidero’s application seeking court protection against the Ethics and Anti-Corruption Commission’s (EACC) search and seizure of his property.

The High Court on Tuesday ordered the EACC to release some of the property deemed to be “unrelated to the matter at hand” within 72 hours, meaning that the anti-graft body has leeway to decline release of any assets it feels important to its investigation.

According to Mr. Kidero, some of the properties and wealth he is accused of having accumulated do not belong to him. The former governor says that the EACC overvalued his net worth.

He has denied ownership of Yala Towers in Nairobi’s central business district, 50 rental units in Kilimani Estate, a house in Lavington, seven apartments, a town house in Kisumu and eight vehicles.

Mr Kidero claims that 15 of the 75 assets that the EACC has linked him to are owned by other individuals, including his spouse and late wife.

While he admits to owning 60 of the assets the EACC has listed as his, the former governor argues that the property is worth Sh563.9 million and not Sh9 billion as the agency claims.

Dr Kidero’s life seem to have taken a shocking turn after his term as County boss. From making millions of shillings from his vast real estate business where he boasts tenants with fat wallets such as the governments of the United States, the United Kingdom and Sweden, flamboyant lawyer Donald Kipkorir and several expatriates, the former City Chief got a rude shock when nearly 40 officers from the Ethics and Anti-Corruption Commission (EACC) visited his Muthaiga residence  armed with a search and seizure order from the Chief Magistrate’s Court.

Their mission was to collect evidence that was to be used to prove that Dr Kidero illegally took billions of shillings from taxpayers while serving as Nairobi governor and previously as Mumias Sugar managing director.

Is EACCs Probe on Kidero’s Wealth Called For?

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