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Thursday, February 01, 2007

How Did Arrogant "Rattle Snake" Michuki Make His Millions?

John Njoroge Michuki could be among the richest cabinet ministers in President Kibaki's cabinet but few know how the former colonial District officer amassed a fortune that made him fabulously wealthy by the early 70's.

After his stint with the colonialists, Michuki was absorbed by Kenya's first independence government due to his experience in public service and was among the few Kenyans who were well educated.

He was later appointed executive chairman of Kenya commercial bank and managed to give himself unsecured loans which he used wisely to quickly build up his financial empire with vast investments in agriculture, real estate and in recent times, transport.

Here is a man who has built a reputation over the years for never failing to use his public service office to make money. Michuki is said to have acquired Kipande house in the city center while he was still the top man at KCB and ended up doubling as his employer's landlord as the bank has maintained a branch on those premises for many years.

Michuki is also said to have amassed plenty of buildings in Nairobi while he worked at the bank along with prime land which he later sold off in the 90's and made big profits in the transactions at a time when members of the Kikuyu community were being 'sidelined' by the then president Moi.

When Kibaki came to power, he appointed Michuki to the transport ministry where he served well by making it mandatory for public service vehicles to install safety belts and speed governors but also made money on the side by licensing Citi hopper buses to operate within the city center at a time when Kenya bus services had collapsed.

It was later established that his son was among the directors of Citi hopper fuelling speculation that the minister could probably be the owner of the fast growing transport company that is now dominating the streets of Nairobi and its suburbs.

Michuki is now minister of internal security and provincial administration where they are multi million shilling security contracts at his disposal and better still, most of these contracts are sealed in secrecy due to their sensitive nature. Will Michuki capitalize on this to line his pockets once? Your guess is as good as mine.

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