@BusinessDaily

Court lifts freeze order on Obado proxy’s account

7 days ago, 17:46

By: Sam Kiplagat

The High Court has unfrozen one of the accounts believed to be a proxy used by Migori governor Okoth Obado to siphon over Sh2 billion through manipulation of the county’s procurement system.

Anti-corruption court judge Hedwig Ong’udi on Wednesday ordered that an account operated by businessman Ernest Omondi be freed after nearly seven months of being iced. Mr Omondi had filed an application seeking unfreezing of his Equity Bank #ticker:EQTY, Migori branch, account which had Sh19 million balance when EACC detectives obtained freeze orders in December, last year.

The businessman is among 10 individuals and companies believed to have made over Sh2 billion through Migori County tenders before wiring some proceeds back to Mr Obado and his family. The alleged Obado proxies had separately filed applications seeking unfreezing of their bank accounts. Rulings on the other applications are still pending before Justice Ong’udi.

Other respondents in the suit are Jared Oluoch Kwaga, Joram Opala Otieno, Patroba Ochanda Otieno, Hellen Adhiambo Odie, Beatrice Akinyi Ogutu, Kennedy Odhiambo Akello, Janto Construction, Marowa Stores, and Mbingo Enterprises.

Despite its accounts being frozen, Janto Construction was awarded a road repair tender in March this year. County officials proceeded to release Sh16.8 million to the firm.

EACC detectives have unearthed 32 companies they say Mr Obado used as proxies for procurement, and 77 pieces of land and other assets that were bought using proceeds of the scheme.

Justice Ong’udi had in June ordered that the anti-graft watchdog increases the number of officers combing through bank accounts frozen to ensure speedy conclusion of the investigations.

Detectives say that through the procurement scam, Mr Obado was able to build a home worth Sh100 million and send Sh13 million to his children in Australia and Scotland.

The embattled governor sent Sh1.9 million to his daughter Susan at the University of Aberdeen in December 2014 through Mr Kwaga. In August 2016, Mr Obado sent Sh12.2 million to his son Dan Achola Okoth in Sydney, Australia, through Mr Opala. Investigations into Migori County’s procurement processes began in September last year.


Read More


Category: business opinion news

Suggested

1 hour ago
@BusinessDaily - By: Nasibo Kabale
Miraa, mursik blamed for cancer cases

Taking hot tea while chewing miraa and frequent drinking of mursik (fermented milk) are the leading causes of cancer of the oesophagus or food pipe in Northern Kenya and Rift Valley respectively. ...

Category: business news lifestyle corporate
1 hour ago
@BusinessDaily - By: Joseph Wangui
Timothy Njoya wants ‘step-mother’ evicted from 4-acre family

Retired PCEA cleric Timothy Njoya has filed evidence in a Nyeri court showing why a woman who claims to be his step-mother should be evicted from a four-acre parcel of land owned by his late father. ...

Category: business news
1 hour ago
@BusinessDaily - By: John Mutua
KBL turns to Kakamega for more sorghum supply

Beer maker Kenya Breweries Limited is targeting farmers in Kakamega County as it seeks to increase local sorghum supply for its Sh15 billion Kisumu brewery. ...

Category: business news
16 minutes
@BusinessDaily - By: Annie Njanja
Safaricom eases Lipa na M-Pesa transactions

Safaricom has upgraded its Lipa na M-Pesa system to enable customers make faster and private cashless payments at more than 2,500 sales points. ...

Category: business opinion news markets
10 hours ago, 11:22
@TheEastAfrican - By: Fred Oluoch
County targets investments to turn around fortunes

Since the advent of devolution in 2013, Kisumu County has been working to attract investments. ...

Category: topnews news business
16 minutes
@BusinessDaily - By: Charles Gacheru
The shame that’s Captain, Chairman's prize events

At the end of every year, golf clubs across the country, perhaps the world, stage their Chairman’s and Captain’s Prizes. ...

Category: business opinion news

@BusinessDaily

Court lifts freeze order on Obado proxy’s account

7 days ago, 17:46

By: Sam Kiplagat

The High Court has unfrozen one of the accounts believed to be a proxy used by Migori governor Okoth Obado to siphon over Sh2 billion through manipulation of the county’s procurement system.

Anti-corruption court judge Hedwig Ong’udi on Wednesday ordered that an account operated by businessman Ernest Omondi be freed after nearly seven months of being iced. Mr Omondi had filed an application seeking unfreezing of his Equity Bank #ticker:EQTY, Migori branch, account which had Sh19 million balance when EACC detectives obtained freeze orders in December, last year.

The businessman is among 10 individuals and companies believed to have made over Sh2 billion through Migori County tenders before wiring some proceeds back to Mr Obado and his family. The alleged Obado proxies had separately filed applications seeking unfreezing of their bank accounts. Rulings on the other applications are still pending before Justice Ong’udi.

Other respondents in the suit are Jared Oluoch Kwaga, Joram Opala Otieno, Patroba Ochanda Otieno, Hellen Adhiambo Odie, Beatrice Akinyi Ogutu, Kennedy Odhiambo Akello, Janto Construction, Marowa Stores, and Mbingo Enterprises.

Despite its accounts being frozen, Janto Construction was awarded a road repair tender in March this year. County officials proceeded to release Sh16.8 million to the firm.

EACC detectives have unearthed 32 companies they say Mr Obado used as proxies for procurement, and 77 pieces of land and other assets that were bought using proceeds of the scheme.

Justice Ong’udi had in June ordered that the anti-graft watchdog increases the number of officers combing through bank accounts frozen to ensure speedy conclusion of the investigations.

Detectives say that through the procurement scam, Mr Obado was able to build a home worth Sh100 million and send Sh13 million to his children in Australia and Scotland.

The embattled governor sent Sh1.9 million to his daughter Susan at the University of Aberdeen in December 2014 through Mr Kwaga. In August 2016, Mr Obado sent Sh12.2 million to his son Dan Achola Okoth in Sydney, Australia, through Mr Opala. Investigations into Migori County’s procurement processes began in September last year.


Read More

Category: business opinion news

Suggested

1 hour ago
@BusinessDaily - By: Nasibo Kabale
Miraa, mursik blamed for cancer cases

Taking hot tea while chewing miraa and frequent drinking of mursik (fermented milk) are the leading causes of cancer of the oesophagus or food pipe in Northern Kenya and Rift Valley respectively. ...

Category: business news lifestyle corporate
1 hour ago
@BusinessDaily - By: Joseph Wangui
Timothy Njoya wants ‘step-mother’ evicted from 4-acre family

Retired PCEA cleric Timothy Njoya has filed evidence in a Nyeri court showing why a woman who claims to be his step-mother should be evicted from a four-acre parcel of land owned by his late father. ...

Category: business news
1 hour ago
@BusinessDaily - By: John Mutua
KBL turns to Kakamega for more sorghum supply

Beer maker Kenya Breweries Limited is targeting farmers in Kakamega County as it seeks to increase local sorghum supply for its Sh15 billion Kisumu brewery. ...

Category: business news
16 minutes
@BusinessDaily - By: Annie Njanja
Safaricom eases Lipa na M-Pesa transactions

Safaricom has upgraded its Lipa na M-Pesa system to enable customers make faster and private cashless payments at more than 2,500 sales points. ...

Category: business opinion news markets
10 hours ago, 11:22
@TheEastAfrican - By: Fred Oluoch
County targets investments to turn around fortunes

Since the advent of devolution in 2013, Kisumu County has been working to attract investments. ...

Category: topnews news business
16 minutes
@BusinessDaily - By: Charles Gacheru
The shame that’s Captain, Chairman's prize events

At the end of every year, golf clubs across the country, perhaps the world, stage their Chairman’s and Captain’s Prizes. ...

Category: business opinion news
Our App