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KETRACO Manager Risks Losing Ksh140 Millions, 40 Flats, Over 8 Luxury Cars

The Ethics and Anti-Corruption Commission (EACC) is investigating a senior manager of the Kenya Electricity Transmission Company (KETRACO) for allegedly fraudulently acquiring property worth hundreds of millions of shillings. According to papers, between February 2010 and March 2021, Peter Maina Njehia, a supply chain manager at KETRACO, purchased around 40 apartments and eight motor cars in Nairobi, Nakuru, and Nyandarua counties.

He is also alleged to have around Ksh. 76 million in bank accounts and Ksh. 64 million in Unaitas and Stima SACCO share deposits. According to early investigations, Njehia has engaged in corrupt conduct in conjunction with close individuals and firms associated with him by knowingly gaining interests in contracts deriving from and related to KETRACO.


According to court documents, "The respondent (Njehia) has illegally and irregularly influenced and awarded tenders, procured goods and services, and paid for them. He has abused his office, received bribes, embezzled public funds, and engaged in corrupt conduct." EACC is also looking into the respondent's close relatives, including his wife, Julie Hellen Matu, as well as the companies and properties linked to them via which Njehia is thought to have channeled the allegedly unlawfully acquired riches.

As per EACC, Njehia built his vast fortune over an 11-year period, during which time he earned a net salary of Ksh.35.7 million, or about Ksh.265,000 per month. "The respondent earned a net salary of Kshs. 35,764,757.92 between February 2010 and March 2021, and a total of Kshs. 4,478,098.07 in his imprest account over the same time period... The proceeds of corruption are suspected to have been funneled into the SACCO accounts identified above," the documents state.


While investigations into the matter continue, the Ethics and Anti-Corruption Commission received court orders freezing Njehia's assets on Tuesday, November 30, 2021. "That an order be and is hereby given barring the respondent, his agents, servants, or any other person from withdrawing, transferring, disposing, wasting, and/or dealing with the money held in the Sacco and investment accounts stated below in any way. Lady Justice E.N. Maina issued a court order dated November 30, 2021. The court determined that the orders "shall remain in effect for a period of six (6) months."


The EACC informed the court that the investigations would take time, necessitating the asset freeze until the inquiry was completed. "There are reasonable grounds to believe that the respondent herein has accumulated assets disproportionate to his known legitimate source of income," EACC argued in court. "Money in the listed SACCO accounts should be preserved pending completion of the subject investigations."

The following funds have been frozen in several SACCOs in Njehia's and his wife's names:

-In the name of Peter Maina Njehia, Ksh 13,557,385.00 is held as share capital in Stima Sacco Society Limited.

-Stima Sacco Limited has a Ksh. 11,913,750.94 Alpha deposit.

-Unaitas Sacco Limited has shares worth Ksh. 10,000,010.00. 

-Unaitas Sacco Mununga has Ksh. 8,200,010.00 in its old share account.

-Ksh. 7,000,000.00 held in Julie Hellen Matu's share account in Unaitas Sacco Limited under the old system.

-Ksh. 7,000,000.00 is held in Julie Hellen Matu's share account under the new system at Unaitas Sacco Limited. 

-Unaitas Sacco Limited holds Ksh. 930,760.00 in the dividend account new system.

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EACC Ethics and Anti-Corruption Commission KETRACO Ksh Peter Maina Njehia


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