Waititu’s assets frozen by court.
Ferdinand Waititu, the former governor of Kiambu, has had assets worth Ksh. 1.9 billion, including 18 parcels of land and seven automobiles, frozen by orders of the High Court.
This came after the Ethics and Anti-Corruption Commission (EACC) filed a lawsuit in May 2022 that, among other things, asked Waititu to prove the source of the assets he is said to have amassed while serving as the governor of Kiambu and as a member of parliament for Kabete.
According to the anti-graft watchdog’s investigations, Waititu gave erroneous bids to contractors who subsequently transferred the proceeds of the fictitious procurement contracts to his bank accounts, those of his wife, and three companies that were formed in her name.
Saika Two Estate Developers Limited, Bienvenue Delta Hotel, and Bins Management Services Limited are the companies present.
A source at EACC said to Citizen Digital that the man “also traded with the county through companies registered in the names of his wife and their daughter Monica Njeri Ndungu, who upon receipt of payments from the county transferred money to him.”
As a result, between 2015 and 2020, he accumulated assets worth Ksh. 1,937,709,376.54, which is disproportionate to his known lawful sources of income.
Waititu’s assets frozen by court
When EACC filed the case, it asked the court to impose an injunction preventing Waititu from selling the seven cars and 18 land plots.
Additionally, the agency demanded that Waititu turn over the vehicles and their logbooks as well as deposit Ksh. 24.6 million—the value of the cited motor vehicles as security—into a joint interest-earning account in the names of the Commission and a designated Defendant.
In a same manner, EACC aimed to prevent Waititu from receiving revenue from the Bienvenue Delta Hotel.
The court issued an injunction order prohibiting Waititu from selling the 18 pieces of land in its decision on Thursday.
The court ordered the defendants to deposit Ksh. 24.6 million, or the worth of the vehicles, in a shared interest-earning account within seven days.
