Not many people can manage some feats. Like living large on a shoe-string salary. And Jimmy Kiamba, the chief finance officer for the Nairobi County government, is not among this group.
The guy lives too large on his modest monthly salary of just Ksh85,000, the Business Daily reports, according to the Ethics and Anti-Corruption Commission (EACC), which has gone to court to freeze the officer’s assets and pave way for further investigations into his vast estate.
The EACC says its pursuit of Mr Kiamba has revealed a massive empire that does not match his known income and wants the High Court to freeze his bank accounts as investigations continue into claims that he stole millions of shillings from City Hall between January and November last year.
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“EACC has established suspected fraudulent transactions through accounts held by Mr Kiamba, who is the chief finance officer (CFO) of Nairobi County and whose only known source of income is a gross salary of Ksh85,000 per month,” the EACC says. Mr Kiamba’s two bank accounts with CFC Stanbic Bank were used to transact more than Ksh400 million between January and November 2014.
“The uncompleted aspects of the investigations are essential before a decision can be made on whether to institute a suit of recovery against him.”
Mr Kiamba’s estate includes two maisonettes in South C, a plush town house in Kileleshwa, four apartments in Kilimani and eight plots of land in Muthaiga, Mavoko and Machakos. He also owns a fleet of six cars. The EACC believes Mr Kiamba acquired the property through fraudulent deals using his position as City Hall CFO.
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Mr Kiamba has challenged the EACC’s application, insisting that the property is registered to Jimise Limited and his wife, Tracy Mbinya Musau, and charged to Equity Bank for loans that are still being repaid.
He argues that freezing the assets would expose his wife, Jimise and Equity to losses, yet they are not parties to the suit. Mr Kiamba further denies involvement in any corrupt dealings, and says he has cooperated fully with the EACC’s investigators.
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