Kiharu Member of Parliament Ndindi Nyoro has responded to President William Ruto’s aide Farouk Kibet following allegations of corruption against him, shifting attention to the proposed sale of Kenya Pipeline Company (KPC) shares and alleged business interests linked to the Head of State.
Kibet accused Nyoro of involvement in corruption during his tenure as chairperson of the National Assembly Budget and Appropriations Committee and called on the government to investigate him.
Kibet also challenged Nyoro to address the situation at Kenya Power, where the MP is alleged to hold significant shareholdings.
MP Ndindi Nyoro and Farouk Kibet. Photo: Courtesy.
In response, Nyoro questioned Kibet’s focus on his record and argued that the country should instead scrutinise the KPC share sale and the interests of those involved in the transaction.
The lawmaker alleged that the government directed the National Social Security Fund (NSSF), Public Service Superannuation Fund (PSSF), Pension Compensation Fund (PCF) and other institutions to sell their KPC shares at a loss to a company in which Ruto allegedly has personal interests.
Nyoro further claimed that pensioners stood to lose money through the transaction while individuals linked to the President benefited.
He also alleged that an investment bank associated with Ruto handled the deal.
The MP linked the matter to alleged interests in Dangote East Africa Petroleum Refinery and other oil-related businesses, including Turkana oil assets.
He questioned whether public resources and commercial transactions were being used to advance private interests.
Nyoro also criticised media coverage of the KPC share sale, alleging that a recently acquired media outlet portrayed the transaction as competitive, involving other major oil companies.
The exchange has brought renewed attention to questions surrounding the KPC share sale, the management of pension funds and the need for transparency in transactions involving public institutions.
