October 3, 2024
Corruptly acquired Assets Worth Sh5 billion were handed over By EACC

Corruptly acquired Assets Worth Sh5 billion were handed over By EACC

Corruptly acquired Assets Worth Sh5 billion were handed over By EACC

The Ethics and Anti-Corruption Commission (EACC) has handed over to the government recovered assets valued at Sh5 billion that were corruptly acquired.

EACC chief executive officer Twalib Mbarak handed over 35 title deeds measuring approximately 18.71 acres at a ceremony held at State House Nairobi on Wednesday.

In addition to the recovered immovable properties, Mbarak said the commission also recovered cash assets totalling Sh511 million.

“EACC recovered Sh361,395,356 and remitted it to the National Treasury, Consolidated Fund Account. The money was recovered from individuals who had irregularly acquired public properties,” he said.

He added that EACC recovered from a law firm Sh79.2 million for the Kenya Ports Authority Retirement Benefits Scheme.

He further said the commission recovered Sh70.6 million from an individual after a civil process, money meant for the Kenya Medical Research Institute (KEMRI) Retirement Benefits Scheme.

Mbarak noted that one property recovered was land measuring 1.88 acres in Kisumu belonging to the Judiciary with a value of Sh1.4 billion.

He said three properties were recovered in Eldoret measuring 3.25 acres valued at approximately Sh1.2 billion and registered in favour of the Cabinet Secretary for the National Treasury as a trustee of the National Police Service.

He added that another property measuring 1.0 acres was recovered in Eldoret valued at approximately Sh700 million and registered in favour of the Cabinet Secretary for the National Treasury as trustee for the Uasin Gishu Referral Hospital under the County Government of Uasin Gishu.

EACC chairperson David Oginde said the event was a symbolic demonstration of the tireless efforts of the commission to make corruption unprofitable, by removing the benefits and proceeds of graft.

“On the other hand, it illustrates the audacity of corrupt individuals in their attempt to convert public property to personal use,” he stated.

He assured EACC will work closely with the national and county governments to entrench transparency and accountability in the use of public resources.

Corruptly acquired Assets Worth Sh5 billion were handed over By EACC