May 16, 2022

I Can Account For All My Wealth- Ex-Nairobi Governor Kidero

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Former Nairobi Governor Evans Kidero has said that he can account for all his wealth.

The former Mumias Sugar company added that he can attribute what he owns.

“Absolutely! I can attribute what I have. That’s the reason, on the issue of tax, when I was assessed, I went to the tax tribunal and I won,” Kidero said on Citizen TV’s Day Break show on Thursday. 

Kidero is engaged in tussle with the Kenya Revenue Authority (KRA) over funds raised for his previous campaigns. He is facing accusations of tax evasion for money he maintains was raised and used for political party campaigns towards his Nairobi gubernatorial bid, which should not be taxed.

The former city boss was earlier this month ordered to pay KRA Sh .427,269,795.00 in taxes for the campaign funds.

“KRA appealed, but let us go into it because it is going through the normal (court) process,” Kidero told viewers.

​​Justice David Majanja ruled om February 4 that Kidero has failed to demonstrate that the funds in question were raised for the campaigns. Majanja added that they Kidero also failed to demonstrate that the funds were utilized for that purpose. 

 “I agree with the Commissioner that the Respondent failed to discharge his burden as the evidence on record could not support the conclusions reached by the Tribunal,” Majanja said. 

“Consequently, the Tribunal erred in imposing on the Commissioner the burden of disproving the Respondent’s contention that the Sh 423,000,000.00 was election campaign contributions when he had not provided sufficient evidence to surmount his obligation to establish this source of income.” 

The KRA audit revealed that the funds were being deposited together with other business proceeds into Kidero’s bank accounts.

 

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