Controversial Nairobi Governor Mike Sonko on Sunday publicly accused former Nairobi gubernatorial candidate Peter Kenneth being corrupt and
linked him with the collapse of Kenya-Reinsurance in the 90’s.
But before you wish away Sonko’s statement, here are the facts.
PK was the MD for Kenya Re between 1997 and 2002, a period in which the once powerful company saw a near collapse.
According to a record by a cabinet minister, PK irregularly sold KenyaRe at Kshs. 2.4 billion instead of initial price of Kshs.800 million just to inflate the price.
Read the records below:
Prior to the 2017 elections, then Nairobi gubernatorial aspirant Miguna Miguna made some shocking allegations about fellow aspirant Peter Kenneth.
Miguna revealed that Peter Kenneth is an ‘academic dwarf’. The former aide to the Prime Minister says that Peter Kenneth made history by failing his ‘A’ levels at Starehe Boys’ Centre.
According to Miguna, PK was one of 2 students who failed, being in the unenviable position of bottom of the class.
This is PK’s ‘CV’ as posted by Miguna.
********************************************
PETER KENNETH’s CURRICULUM VITAE
Ambition – To become the 5th President of Kenya via ethnic gerrymandering.
Performed marginally in his “O” Levels at the Starehe Boys’ Centre.
Made history by FAILING his “A” Levels at the Starehe Boys’ Centre. Only 2 students failed in that year and Peter Kenneth was at the very bottom.
1985-1986: Worked as a junior clerk at the National Finance Company.
From 1987-1996: Employed as a teller. Promoted to Branch Manager at the Prudential Finance Bank due to his “heritage.”
1996: Became an excellent KANU sycophant and was rewarded and imposed by KANU’s vicious dictators and plunderers as Chair of KFF where he performed dismally.
1992-1997: Loyal member and messenger for the RAPACIOUS Youth for KANU ’92 (YK’92).
1997-2002: Presided over the DISMEMBERMENT of the Kenya Reinsurance Corporation (Kenya-Re), a public asset.
Attempted to FRAUDULENTLY sell Kenya-Re a public asset with a value of more than Shs. 2 billion to Monarch Insurance Ltd. and Zimbabwe Reinsurance Corporation at Shs. 800 million.
Mysteriously acquired a prime PUBLIC property in Kiuna Estate for a song.
2003: Was stopped by Parliament and the High Court from FRAUDULENTLY selling Kenya-Re but not before he had BANKRUPTED it.
Beneficiary of the single-sourced and dubious CCTV tender between the Safaricom and Kidero’s cartels.
The HANSARD (Official Parliamentary Record) of October 23, 2002 at page 2639, Mr. Kenneth was identified as a corporate vulture who had orchestrated the fraudulent privatisation of a prime public asset.
December 2002 to 2013: MP for Gatanga. Claims that he was the “best CDF Manager” even though as an MP he was not a member of the Gatanga CDF Board nor did he have any direct role in the CDF management. Compared to the MPIGs who perform at the F level, even an E grade is considered “Good.”
2013: Run for President of Kenya and got less than 10,000 votes from Nairobi County.
Has purportedly recently obtained 2 law degrees through the much maligned Parallel Degree Program.
He prides himself of having “successfully managed” Kenya-Re in the same manner that Evans Kidero had dismembered Mumias Sugar Company when Nairobi deserves a visionary leader of integrity; not a certified thief like them.
Has 30 years’ experience of corporate theft and ineptitude in the management of of public assets.
He has never opposed, spoken or fought against corruption; tribalism; human rights abuses; and extrajudicial killings.
He actively supported the one-party KANU/Moi dictatorship for 24 years and worked against the struggle for multi-party democracy and a new constitutional dispensation.
Peter Kenneth is DISTINCTLY UNQUALIFIED to become Governor of Nairobi. He is, however qualified as a Socialite Male Bimbo; an establishment and status quo and cartel ornament!
An year ago, Peter Kenneth and his partners were granted a banking licence, allowing them to enter the lucrative lending business.
Mr Kenneth is among 25 shareholders of Mayfair Bank, the newest lender in Kenya, which is anticipated to begin operations immediately with the first branch at Upper Hill business hub in Nairobi.