Kiamba’s Accounts Freeze Still On – Court

THE High Court yesterday overturned its earlier ruling unfreezing the assets of former City Hall finance officer Jimmy Kiamba. The EACC wants Kiamba to explain in 14 days how he acquired immense wealth while drawing a salary of Sh85,000 per month.

Justice Mbogholi Msagah said he was persuaded by the Ethics and Anti-Corruption Commission to reimpose the freeze. “I do not see any prejudice if the orders are vacated.

I am now persuaded by the submissions of the EACC and the affidavit of forensic investigator James Kariuki to grant the prayers as sought,” the judge said.

On June 25, Msagah lifted orders blocking Kiamba’s accounts, saying there was no documentary evidence to show he obtained the assets corruptly.

“Suspicion alone is not evidence the money was ill-gotten. There is no justification to extend the orders by another six months,” the judge had said.

Kiamba, who is out on Sh2 million bond, has been charged with abuse of office and defrauding Nairobi county of millions of shillings. His riches include four apartments in Kilimani, a town house in Kileleshwa and two maisonettes in South C. Kiamba also owns six cars and eight plots in Muthaiga, Mavoko and Machakos county.

Apart from local accounts at CFC Stanbic, Harambee Avenue, he has foreign accounts, with transactions of more than Sh400 million between January and November last year.

One CFC Stanbic account had Sh10.3 million and the second Sh4.1 million when they were frozen. In another suit filed by the Kenya Revenue Authority, court documents indicate Kiamba’s assets include 10 bank accounts holding about Sh124 million and eight properties worth Sh365 million.

The properties include a house in Muthaiga worth Sh180 million, another in Runda worth Sh72 million and a third one worth Sh40 million in Kileleshwa. Others are three properties on Prit Lane Courts worth Sh17.5 million each and two in Bandari Villas, South C, worth Sh10.5 million each. He allegedly acquired the property between January and November last year.