Parliament is investigating the link between a bank associated with President Uhuru Kenyatta’s family and the takeover of JKIA management by loss-making Kenya Airways.
Members of the Public Investment Committee, citing conflict of interest, have summoned the Kenya Airports Authority board on Thursday to respond to their growing concerns.
Lawmakers are also demanding to know the identities of the other KQ shareholders, besides the State, amid jitters that the proposed takeover of JKIA will not be viable.
KAA board chairman Isaac Awuondo is also the Group Chief Executive officer of the Kenyatta-owned Commercial Bank of Africa.
CBA and NIC, which are at an advanced merger stage, are said to have lent the troubled national Sh5 billion which they are yet to recover
When he appeared before the committee yesterday, KAA chief executive officer John Andersen confirmed the debts.
The airline owes CBA Group Sh3.1 billion, NIC Sh2.1 billion, Equity Bank Sh5.2 billion, National Bank Sh3.5 billion, Co-operative Bank (Sh3.3 billion, DTB Sh2.1 billion and KCB Group Sh2.1 billion.
@bonifacemwangi @UKenyatta @RailaOdinga , The price of milk went up sharply after the so called firstly family took over almost all dairy companies, with privatisation of JKIA, only God knows what will befall the good citizens of Kenya.— Mwayaya Mwinyi (@MwinyiMwayaya) February 20, 2019
JKIA on the Kenyatta’s radar. You were warned choices have consequences, but Kenyans love consequences more than choices.
Kuleni ushenzi wenyu! Hapo sasa. pic.twitter.com/XYhSz0L3cX— Cyprian Nyakundi Escobar (@CisNyakundi) February 20, 2019
While Uhuru confuses you to think that Ruto is the most corrupt person in Kenya,the Kenyatta family is buying off JKIA.— McMyc (@WNMichaels) February 20, 2019
@UKenyatta is using the presidency to advance family business interests. Now they want to take over JKIA through @KenyaAirways . KQ owes CBA & @nicbankkenya Shs 5B. @KenyaAirports chair Mr. Awuondo is the CEO of CBA. ONLY IN KENYA.— Rein (@Asamoh_) February 20, 2019