Prof. Magoha discloses how he has built up a Sh250-million estate
By Fredrick Obura
| Mar 20th 2019 | 3 min read
NAIROBI, KENYA: Education Cabinet Secretary nominee George Magoha is worth Sh250 million according to documents he presented to a parliamentary committee last week.
The documents shared with the National Assembly’s Committee on Appointments shows that Magoha has various sources of income, which includes rental houses, investments in treasury bills and income from his profession, fixed cash deposits and a Safaricom mast.
Prof Magoha’s career began in 1988 when he was employed as a lecturer in the Department of Surgery, at the University of Nairobi. In1989 he was promoted to a Senior Lecturer in the same department and in 1995 was again promoted to Associate Professor, a position he served until 2000.
He was vetted by MPs on Thursday after President Uhuru Kenyatta forwarded his name to Parliament on March 6 for approval.
In a 2018 parliamentary report disclosing net worth of each cabinet secretary, it emerged that only CS of foreign affairs and international trade Monica Juma did not list real estate as the source of her millions.
Monica Juma’s net worth is estimated at Sh50 million, money derived from salary and income from farming.
According to the report, Simon Kiprono Chelugui, the CS for Water and Sanitation is probably the richest cabinet secretary at Sh796 million while Rashid Echesa (ex-sports Cabinet Secretary) was last with a net worth estimated at Sh40 million.
Cabinet Secretaries' net worth
Below is a breakdown of the Cabinet Secretaries' net worth and source of income:
Farida Chepchumba Karoney, CS Lands and Physical Planning
She informed the Committee that her net worth is approximately Sh200 million comprising investments in shares, farming, and real estate.
Peter Munya, CS Industrialisation
He estimated his total net worth at Sh 264,100,000.00 comprising of investments in the real state, agriculture, and land.
Keriako Tobiko Cabinet Secretary Ministry of the environment.
Tobiko informed the Committee that his net worth is approximately Sh360 million comprising of investment in real estate, agriculture, and livestock.
Simon Kiprono Chelugui- Water and Sanitation
Chelugui informed the Committee, in his response to the questionnaire, that his net worth is approximately Sh796 million comprising investments in real estate, movable assets, and farming.
Ukur Yatani- Labour and Social Protection
Yatani informed the Committee that his net worth amounts to approximately Sh295 million comprising investments in transport, movable assets, real estate and livestock.
Rashid Echesa Mohamed–Ex-Sports and Heritage CS
Echesa informed the Committee that he has a net worth of Sh40 million comprising of investments in movable assets, real estate, and construction.
John Munyes –CS Petroleum and Mining
He stated that his net worth is Sh50 million and includes investments in real estate, transport sector, salary, and allowances.
Margaret Kobia- CS Public Service, Youth and Gender Affairs
She informed the Committee that her net worth is approximately Sh165 million comprising expected future benefits from service gratuity and investments in real estate.
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