EACC hands over corruptly acquired assets worth Sh5 billion

The Star Kenya

The Ethics and Anti-Corruption Commission (EACC) has handed over to the government recovered assets valued at Sh5 billion that were corruptly acquired. https://shorturl.at/P5uIG

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00:00Asset tracing and recovery of corruptly acquired assets, Your Excellency, and unexplained wealth

00:05extinguishes directly the benefit obtained through corrupt activities.

00:09This strategy helps to create necessary deterrence, as envisioned in the United Nations Convention

00:14Against Corruption, which Kenya is the first country to have signed that convention, almost

00:1920 years ago.

00:21Your Excellency, today we are here.

00:23We are gathered to witness the handing over of about 35 titles, measuring approximately

00:2818.71 acres, with a total value of about 5 billion shillings.

00:33Your Excellency, for your information, there are other titles that are in the process and

00:38maybe soon we'll be back here, through your blessing, to have another occasion like this.

00:44In this one, Your Excellency, item number one is property in Kisumu municipality, measuring

00:50about 2 acres, which is about 1.8 acres, belonging to the judiciary.

00:56You can imagine grabbers went to the judiciary to steal their land.

00:59They were very daring, but we managed to recover this piece of land, which is worth 1.4 billion

01:05shillings.

01:06This is part of the property that is housing the Kisumu law court.

01:11Second one, Your Excellency, are three properties in Eldoret town, measuring 3.25 acres, with

01:17approximate value of 1.2 billion, which are in favor of the Cabinet Secretary National

01:22Treasury as a trustee of the National Police Service.

01:26Same grabbers were daring enough to go and grab land belonging to the police, but we

01:32managed to recover this, and these are three pieces of land worth 1.2 billion.

01:37Your Excellency, there is also one property in Kilimani area, measuring almost half an

01:42acre, which is worth 700 million.

01:45This plot, as Nairobians, we know it.

01:47If you know Upper Hill Medical Center, there's an empty plot there which used to be part

01:53of Kenya School of Law.

01:55It was grabbed and we have recovered it.

01:57It's a very prime plot, worth 700 million.

02:00I acknowledge the notable milestones achieved by the EACC in the fight against corruption,

02:06particularly through the recovery of corruptly acquired assets and unexplained wealth.

02:13Such successes play a vital role in deterring corruption by demonstrating that in the end,

02:20corruption is not worth the trouble, as the corrupt ultimately lose everything they have

02:25taken from the people.

02:27I therefore commend the EACC for recovering assets valued at approximately 28 billion

02:34over the last five years, including both cash, movable and immovable assets.

02:41The EACC has also effectively intervened to prevent the loss of public funds amounting

02:47to an estimated 41 billion by deploying various strategies to disrupt corrupt networks.

02:55Additionally, I am encouraged that the EACC is pursuing the forfeiture of unexplained

03:02wealth valued at Kenya shillings 59 billion through ongoing court proceedings against

03:09individuals whose assets and interests significantly exceed their non-legitimate sources of income.

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