PRESIDENT UHURU KENYATTA TO BE PAID SH326 MILLION

President Uhuru Kenyatta’s family is set to receive a whopping Sh326 million from their 13.2% investment in NCBA Group.

The cumulative dividends for all Kenya’s banks listed in NSE are estimated at Sh17 billion.

Other beneficiaries from the Sh17 billion payout are Philip Ndegwa whose NIC bank merged with The Kenyatta family-owned CBA to form NCBA.

Former Central bank of Kenya Governor is set to receive Sh 290 million from the 11.5% stake at NCBA while Co-Op Bank CEO Gideon Muriuki will receive Sh102 million.

NCBA and Co-op Banks proposed Sh1.5 and Sh1 dividends payout per share respectively to their investors from the financial year 2019/2020 profits.

By Jalang’o TV