Youth affairs, Sports and Art Cabinet Secretary (CS) nominee Ababu Namwamba has disclosed that he is worth Ksh 425 Million.
While appearing before the National Assembly Appointments Committee on Friday October 21, Ababu stated that his wealth is in the form of apartments, land, vehicles and boats spread out across the country.
“My net worth is 425million, my residence in Nairobi, my county residence in Busia, a business, two land housings, a shareholding in Safaricom, cooperative bank and Kenya power, pension income, two motor vehicles, a range rover and a jeep wrangler rubicon, and two water vessels,” he stated.
Ababu cited a proverb from his Luhya community when he compared the love for boats to the love for women, describing it as indispensable.
Speaker Moses Wetangula, questioned the purpose of the two boats, wondering if they were used for fishing or simply for luxury.
“Are those fishing boats or luxury boats or a yacht?” Wetangula asmed.
Ababu responded, “If you ask anyone from the country where I was born, they will tell you that we value our boats as much as we value our women…so those are boats for private use.”
More details to follow….
