ELECTION WATCH

Sonko claims he’s worth more than Nairobi’s Sh32 billion annual budget

Share
Nairobi Governor Mike Sonko. He has today suffered the same fate as his victims.
Share

Nairobi Governor Mike Sonko has claimed his net worth is more than his county’s Ksh32 billion annual budget.

Speaking to NTV’s Ken Mijungu during the Sidebar interview show on Tuesday night, the flamboyant governor used the wealth claim to defend himself from claims of misappropriation of public funds that have dodged his administration this year.

“I’m worth more than the annual budget of Nairobi and I’ve got some fixed deposit accounts about Ksh500 million in different banks. I have built my wealth from way back even before when I became an MP,” said the governor “I don’t have to announce where I break my bread from,”

The governor known to defy the norm at times, went to extreme lengths to prove his point brandishing a mountain of tittle deeds and vehicle logbooks whose total value he said dwarfs the annual budget of Nairobi.

On April 2, the governor had to come out to defend himself amid accusations that he has been operating a Ksh96 million ‘confidential account’ since his election.

{Read: Sh100 million counterfeit goods seized in one month}

This was after a county assembly oversight committee put him to task over the secret account after an auditor general report punched holes allocation of public funds by the governor.

Before he revamped his image in the build up to the 2017 general election, Sonko was known to splash the cash and is also known to dish out handouts to his supporters.

{See also: First most accessible online forex trading platform unveiled}

Recently, a video doing rounds on social media showed the governor buying his wife a Ksh4.3 million  Versace chain at jewelry store in Dubai.

https://www.youtube.com/watch?v=B2FAsY4kUsQ

 

8 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

PAST ARTICLES AND INSIGHTS

Related Articles
KQ Bailout is not a cure for its problems
ANALYSISBUSINESS

KQ: Will latest Bailout Cure the Airline’s Problems?

Kenya Airways(KQ)is back in the headlights with the latest state bailout announcement...

The scale of activity at the Big 5 Construct Kenya Event is reflected in Kenya's project pipeline
BUSINESSREAL ESTATE

Big 5 Construct Kenya Returns to Sarit Centre, Nairobi

Big 5 Construct Kenya returns for its ninth edition to Sarit Expo...

Uchumi is one of the speculative counters at the NSE
BUSINESSFEATURED ARTICLESTOCKS

NSE: How to Trade Penny Stocks

NSE speculative investors have occasionally traded in penny stocks, these are cheap...

Thwake Dam receives additional funding after Cabinet Approval
AGRICULTURE

Thwake Multipurpose Dam Receives Additional KSh12.8Bn After Cabinet Approval

Thwake Multi-Purpose Dam, considered Kenya’s largest earth dam, which has stalled for...