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Yatani’s Web Of Corruption And The Involvement of His Son And John Ngumi.

Former National Treasury CS Ukur Yatani, once a figure of economic authority, now finds himself at the center of serious accusations, including money laundering on an unprecedented scale.

The jaw-dropping amount of Ksh 620,483,364,867 represents tax breaks and incentives reportedly granted by Yatani during his tenure, contributing to what critics claim is an economic meltdown in the country.

 

This revelation was done on X (Formerly Twitter) by one Cyprian Nyakundi. I dives into the intricate details of Yatani’s alleged misuse of power, exploring the accusations of him using his influence to launder billions to tax havens.

 

Reports suggest a shocking incident where he was detained at Jomo Kenyatta International Airport (JKIA) with a substantial amount of cash—4 Million USD, adding another deep layer of the level of corruption  and the accusations against former Treasury CS.

 

Furthermore, the saga takes a more perplexing turn with the alleged involvement of Yatani’s own son in the money laundering scheme. Nyakundi has always suggested that Yatani’s son played a pivotal role in channeling funds out of the country, raising questions about the extent of family involvement in these financial maneuvers.

Yattani son
Ukur Yattani’s son who is at the center of the money laundering orchestrated by the Former Treasury CS. Photo:Nyakundi/Twitter

As the Ethics and Anti-Corruption Commission (EACC) recommends immediate arrest and prosecution on various charges, including money laundering, the role of Yatani’s son, Pictured above, adds a personal dimension to the scandal.

 

The accusations extend further to Yatani’s association with the controversial Telkom Kenya buyout, compounding the legal challenges he faces. The demands for freezing Yatani’s accounts and reclaiming real estate projects allegedly funded by Telkom Kenya loot intensify, with the focus now on the potential family ties to these financial activities. From the Blixen house to properties in South C, Nyakundi’s tweets aims to provide a comprehensive overview of the alleged money laundering scheme, leaving no stones unturned and exploring the intricate web of corruption allegations with Yatani and his family at the center of this Murky Corruption waters.

 

Additionally, we shed light on former Safaricom Chairman John Ngumi, who is alleged to be embroiled in corrupt deals related to the same Telkom Kenya buyout. The EACC’s quarterly report recommends Ngumi’s arrest and prosecution, adding another layer of complexity to this multifaceted scandal.

Ngumi
Safaricom Chairman, John Ngumi has been roped in on the controversial Telkom Buyout deal that Kenyans lost billions orchestrated by Treasury CS, Ukur Yattani. Photo/Cyprian Nyakundi.

As ponder on this intricate web of corruption allegations, we aim to provide a comprehensive understanding of the individuals involved and the far-reaching implications for Kenya’s economic and political landscape.

 

Be on the lookout as we work to bring you all the latest updates on this explosive scandal

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Part 1: The Shocking Uhuru/Munya Maize Subsidy That Lasted For A Day.

According to an explosive tweet by Sam Terriz, a Kenya Kwanza insider, the maize meal subsidy program, touted as a benevolent initiative under the Uhuru-Raila handshake government, has emerged as a meticulously orchestrated conspiracy led by the then Agriculture CS Peter Munya. Promising affordable maize flour for Kenyans, it instead unfolded as an institutionalized cartel scheme, raising concerns about the misuse of taxpayer funds.

In July 2022, the treasury reportedly earmarked Kshs 8 billion for the maize meal subsidy program, intending to span four weeks. Peter Munya, the Agriculture CS, set the stage by introducing a narrative of contaminated maize stock, citing aflatoxin without providing specific details. He quickly advocated for maize imports, attributing elevated aflatoxin levels to adverse weather conditions affecting maize drying. This narrative prompted skepticism about the credibility of the contamination claims.

Munya’s subsequent announcement of importing four million bags of maize through millers added another layer to the controversy. He portrayed this as a solution to the alleged aflatoxin contamination, proposing the destruction of millions of bags, ostensibly unfit for consumption. However, the National Cereals and Produce Board contradicted Munya’s claim, revealing that only 69,000 bags were declared unfit, exposing the orchestrated nature of Munya’s plan to exploit funds.

Assurances of subsidized maize flour were coupled with specific government-set prices. Munya claimed the establishment of a multi-agency task force and oversight committee, although evidence of such coordination was lacking. Chaos ensued among millers as they were ordered to register with the Agriculture and Food Authority (AFA), and contracts reportedly signed with 70 millers turned out to be a calculated deception, resulting in financial losses for the millers.

The oversight committee, chaired by Dr. F.O. Owino, was never formalized, leaving a supervision void. The non-functional hotline for the program raised suspicions of deliberate misinformation. Targeted prices of Ksh 100 per 2kg Unga were maintained for just one day, after which flour prices skyrocketed to Ksh 230 for a 2kg packet, suggesting potential profiteering.

Discrepancies in reported program expenditures, ranging from Ksh 7.26 billion to Ksh 6.4 billion, fueled concerns about financial transparency. The Parliamentary committee discovered that the initial Ksh 4 billion paid to millers could not be accounted for. Munya’s cartels later claimed over Ksh 2.9 billion as pending bills in a move that further exposed financial irregularities.

As the intricate web of deceit unravels, calls for a thorough investigation into Peter Munya’s actions and Uhuru’s role in this alleged conspiracy have intensified. Kenyans are demanding accountability and transparency, particularly in matters affecting their well-being. The maize subsidy scandal raises significant questions about the integrity of government initiatives and the need for stringent measures to prevent such abuses of public trust in the future.