Kipchumba Murkomen reveals he is worth Ksh550M

Wednesday, October 19th, 2022 09:31 | By
Transport, Roads and Public Works Cabinet Secretary Kipchumba Murkomen. PHOTO/Courtesy
Transport, Roads and Public Works Cabinet Secretary Kipchumba Murkomen. PHOTO/Courtesy

Transport, Roads and Public Works Cabinet Secretary nominee Kipchumba Murkomen has revealed that he is worth Ksh550 million.

The Elgeyo Marakwet Senator made the revelations when he appeared before a Parliamentary Committee on Appointments on Wednesday, October 19, 2022.

Murkomen's source of wealth

Murkomen disclosed that his wealth is made up of parcels of land, machinery and vehicles. He said he made his money through his practice in law, salary as Senator and farming.

"Mr Speaker, I'm worth an estimated Ksh550 million made up of majorly properties; my house in Nairobi and another in Eldoret, three parcels of land in Trans Nzoia, a parcel of land in Narok, in Kajiado and in Nairobi apart from where I live. I own a bit of machinery, vehicles, and also I own a wheelbarrow," Murkomen told the committee chaired by National Assembly Speaker Moses Wetang'ula.

"I practice law under the firm of SMS LLP Advocates, that is one of the main sources of income and of course, I've been earning a salary from my job as Elgeyo Marakwet senator and I also have a bit earning from farming," he added.

Murkomen was the first nominee to be vetted on day three of the exercise. If approved the legislator will resign to take up the CS role in President William Ruto's administration.

Others set to face the panel today are Environment and Forestry nominee Roselinda Soipan, Penina Malonza (Tourism, Wildlife & Heritage), Zacharia Mwangi (Lands, Housing & Urban Development) and Susan Nakhumicha Wafula (Health).

Yesterday, former Gatundu South MP Moses Kuria, who has been earmarked for the Trade, Investment and Industry Cabinet slot, said he is worth Ksh750 million.

“My financial net worth is Ksh750 million. My net worth comprises of real estate developments, shares held in unlisted companies in my business concerns, manufacturing, fintech, and in the energy sector,” Kuria said.

Other nominees vetted yesterday were Interior and National Administration nominee Professor Kithure Kindiki who said he is worth Ksh544 million and National Treasury CS nominee Njuguna Ndung'u who placed his wealth at Ksh950 million.

Energy CS nominee Davis Chirchir said he is worth Ksh482 million while Public Service and Gender nominee Aisha Jumwa said her wealth stands at Ksh100 million, the lowest in Ruto's Cabinet nominees.

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