Ex-Nairobi Finance boss Jimmy Kiamba to pay Ksh.317M or forfeit Runda home

A Nairobi court on Wednesday ordered former Nairobi Finance minister Jimmy Kiamba to pay the government a total of over Ksh. 317million or forfeit his Runda house to the State.

The decision was reached after the Anti- Corruption court ruled that Kiamba is in possession of unexplained assets.

“I therefore declare that the total sum of the, money indicated to be unexplained assets,” ruled Justice Hedwig Ogundi.

Justice Hedwig Ogundi further ruled that the Ethics and Anti-Corruption Court (EACC) had established a case against Kiamba.

Also Read: How Jimmy Kiamba used juniors to defraud Nairobi County

According to the judgment, Kiamba will pay the government Ksh.35 million and another Ksh.282,648,604 million or lose the property situated in Runda Water Estate.

EACC told the court that, after probing Kiamba’s accounts, they deduced that fraud was at play.

Investigating Officer James Kariuki testified that Kiamba used a driver attached to him as well as a security guard to make questionable deposits into his bank account.

The commission also sought the forfeiture of the former finance executive’s assets worth Ksh.872 million which it considered unexplained and whose values it argued are disproportionate to legitimate sources of income.

Also Read: Gov’t lost another Ksh 134M in dubious payments – Report

In his defense, Kiamba said he was in engaged in several other businesses apart from employment among them farming, hotel business, transport, rental income as well as water business, while interior design and beauty parlor were his wife’s.

Kiamba’s revenue collection, as narrated in court was as follows: Cattle revenue (Ksh.21,971,810), Wheat revenue (Ksh.17,094,610), maize revenue (Ksh.12,478,430), landed property (Ksh.35,000,000), Kwamga Mboya advocates (Ksh.300,000), totaling Ksh.317,648,604.

The court, after analysis, ruled that EACC had established on a balance of probability that the cash deposits which Kiamba tried to explain through the revenue collection above constitutes unexplained assets as defined under Section 2 of ACECA and should be forfeited to the State.