Kenya Kwanza principal and nominee for Prime Cabinet Secretary Musalia Mudavadi revealed his net worth in Parliament on Monday, October 17, 2022.
Mudavadi reveals sources of Sh4 billion wealth
Nominee for Prime Cabinet Secretary Musalia Mudavadi revealed his net worth in Parliament.
Mudavadi was speaking during his vetting in the National Assembly when he appeared before the Committee on Appointments.
He said that his net worth is held in investments and shares in companies as well as property.
"If I take my investment in shares in some companies and also some properties I own, I would put my net worth at about Ksh4 billion
"My sources of income are rental income, dividends where I have shareholdings and also interest and of course other expenses that come from the farm," he told the committee.
Mudavadi also disputed allegations that he grabbed government property in Woodley estate, Nairobi.
He explained that the property sitll belonged to the Nairobi City County Government, adding that he still pays rent to the county administration.
A section of Azimio MPs questioned the validity of the Prime CS office but Speaker Moses Wetang'ula determined that it is legally sound and constitutionally justified.
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