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JUST IN: High Court Orders Ex-Machakos CEC to Deposit Ksh80M to Halt Asset Seizure 

  Former Machakos County Executive Committee Member, Urbanus Wambua, has moved to the Court of Appeal to challenge a High Court ruling that allowed the Ethics and Anti-Corruption Commission (EACC) to seize part of his Ksh91 million in alleged unexplained wealth. Pending the outcome of the appeal, the High Court has temporarily barred the EACC from confiscating Wambua’s assets, provided he deposits Ksh80.2 million as security. Justice Benjamin Musyoki ordered Wambua to place the amount in an interest-earning joint bank account managed by both him and the EACC. Additionally, the court directed that Ksh10.9 million, currently held in his Co-operative Bank and Equity Bank accounts, remain untouched. The court has also instructed Wambua, his five associates, and their four trading companies to deposit the security amount
The post High Court Orders Ex-Machakos CEC to Deposit Ksh80M to Halt Asset Seizure appeared first on Nairobi Wire. Read More

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