• About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV
Tuesday, October 3, 2023
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Opinion
  • Infographics
  • Listen To CitiFM
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Opinion
  • Infographics
  • Listen To CitiFM
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
No Result
View All Result

Kenya to receive millions seized in Jersey to help fight Covid

March 28, 2022
in International
Samuel Gichuru (L) and Chris Okemo (R) pictured in court in 2016 at a hearing on their extradition case

Samuel Gichuru (L) and Chris Okemo (R) pictured in court in 2016 at a hearing on their extradition case

ShareShareShareShare

Millions of dollars of public funds allegedly stolen by two of Kenya’s richest men are being returned to the country to buy life-saving Covid-19 equipment following a landmark agreement.

The deal with Jersey, a self-governing island in the English Channel, has been hailed as “a victory for the people of Kenya” by its High Commissioner in the UK, Manoah Esipisu.

The entangled web of connections that eventually ended in this deal first emerged following a divorce case.

Back in 2006, Samuel Gichuru, the wealthy boss of Kenya’s power company, and his wife Salome Njeri were divorced.

When it came to splitting up their assets, Ms Njeri felt she was not getting her fair share.

She alleged some of her husband’s assets were being hidden from the proceedings and, in court, listed details of accounts she said belonged to Mr Gichuru in Jersey, which is often associated with secretive offshore banking and a low-tax environment.

That sparked a nine-year investigation by the Jersey authorities across 12 jurisdictions.

As part of that investigation, in 2011, they accused Mr Gichuru and former Finance Minister Chris Okemo of taking kickbacks from multinationals which were sent to a Jersey-registered company.

The Jersey authorities issued arrest warrants for both men and have been waiting for their extradition from Kenya ever since.

The economic crimes they were accused of included a deal with a Finnish firm to construct a power station near Mombasa, Kenya’s second largest city, and taking millions of pounds in kickbacks from British, Norwegian and German engineering firms, as well as a US communications giant.

Despite repeated attempts to contact them by the BBC, both men and their lawyers would not comment on the allegations levelled against them.

However in 2016, the Jersey-registered company Windward Trading Limited pleaded guilty to four counts of money laundering in a Jersey court.

The court ruled that the company, whose ultimate owner was Mr Gichuru, should be stripped of more than $4.9m (£3.6m) in assets for money laundering.

It is the majority of this money that allegedly came from corrupt activities in Kenya between 1999 and 2002 that is now being returned to the country.

Mr Drake acknowledged that the sum of money which he is disbursing – $3.5m – will not go “that far” in terms of a country’s response to Covid-19, but he hoped this type of “targeted” help will have an “exponential impact” against the virus.

Campaigners believe that the Fracck is a model for a new way that ill-gotten gains can be returned.

The UK is also a signatory to another agreement – the UN Convention against Corruption – so is obliged to return criminal funds where conditions to do so are met.

But according to Steve Goodrich, head of research and investigations at Transparency International (TI) UK, returns from the UK often do not go directly to development projects.

He pointed to the return of money laundered by former Nigerian Delta state Governor James Ibori in 2012 which was given to the federal government there. And he was concerned that repatriated funds could get lost to corruption.

So Mr Goodrich said this case was “a step in the right direction”.

But, he added, to have “a credible deterrent” against those looking to stash their stolen money in the UK, he said the government “really needs to up its game” on asset recovery.

For example, he said the UK should start by looking at what he believed was “over £5bn-worth of British property bought with suspect funds”.

This episode also focuses attention on Kenya’s fight against corruption at home.

The country is ranked 128th in the world in TI’s perceptions of corruption index, with public officials and business people open to bribery.

There are just months left before President Kenyatta is due to stand down, having pledged to make fighting corruption part of his legacy.

As part of that, politicians and public officials are currently being asked to declare their wealth, with anti-corruption auditing in place.

Kenya’s High Commissioner, Mr Esipisu, who was once the president’s spokesman, told the BBC the Fracck agreement was a “huge contribution” to the president’s agenda as it sent a signal that “corrupt people will not be safe simply because they hide their money abroad”.

He added, passionately, that “these are funds stolen from Kenyans, looted from Kenyans, and with this agreement, these funds are being returned to assist the Kenyan people for whom they were meant in the first instance. So this is a victory for the Kenyan people.”

With the funds now on their way from Jersey to Kenya, the focus turns to the possible extradition from Kenya to Jersey of the two accused men.

At the beginning of February, extradition proceedings finally got under way in Nairobi’s City Magistrates’ Court, after a 10-year legal battle over whether the government’s chief legal officer or the public prosecutor should be leading the case.

Kenya’s department for public prosecution is now in charge of the process and its Deputy Director Victor Mule said the next hearing was expected in May.

He believed it would not take another 10 years to resolve.

Mr Gichuru’s lawyer chose not to comment on the ongoing legal process when contacted by the BBC.

Jersey Senator Mr Gorst concedes there were shortcomings which allowed this allegedly stolen money to enter the island in the first place.

He warned any future perpetrators that its regulations had been tightened but that any ill-gotten funds which did get through would be located and “we will return it to the citizens to whom it belongs”.

Source: BBC
Tags: CovidKenya
Previous Post

Bawumia appeals for Chinese support to dualise Adenta-Dodowa road

Next Post

Shanghai Covid: Oil prices fall after city starts lockdown

Next Post

Shanghai Covid: Oil prices fall after city starts lockdown

TOP STORIES

#OccupyBoGProtest: Ernest Addison’s snub appalling – Minority

October 3, 2023

Madagascar Court jails former Lighthouse Pastor for car theft

October 3, 2023

Police prevent family of murdered businesswoman from assaulting suspects

October 3, 2023
Load More
ADVERTISEMENT
Citinewsroom - Comprehensive News in Ghana

CitiNewsroom.com is Ghana's leading news website that delivers high quality innovative, alternative news that challenges the status quo.

Archives

Download App

Download

Download

  • About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV

© 2023 All Rights Reserved Citi Newsroom.

No Result
View All Result
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Opinion
  • Infographics
  • Listen To CitiFM
  • Videos

© 2023 All Rights Reserved Citi Newsroom.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT