Gideon Moi, the heir and leader of Kenya African National Union (KANU) is planning to raise funds by selling the Party’s assests ahead of the 2022 election campaigns.
On Thursday, Gideon said that KANU has earmarked its assets worth Sh1.3 billion for sale to boost its financial status.
His sentiments were seconded by George Wainaina, the secretary of KANU national secretariat and Kiambu KANU chairman.
“Our preliminary report shows that we have more than Sh1.3 billion assets across the country which are sitting idle and have been misused for many years. They include houses and prime plots. We have appointed an agent who will sell the property on our behalf. We will use the money generated to strengthen our party operations. Our agenda for now is to popularise the party from the national level to the grassroots and we need money to finance our operations.” Wainaina said.
According to Wainaina, KANU is recruiting new members because it will field a presidential candidate in the 2022 elections.
“For this to be achieved, we have to create a sustainable revenue stream,” he said.
While endorsing the idea, KANU chairman Gideon Moi clarified that rental premises will not be sold because they generate revenue for the party.
Most of the property up for sale, Mr Wainaina said, are in Nairobi, Kiambu, Kisumu, Mombasa and in the Rift Valley.
As the the oldest Party in Kenyan political history plans to offset their properties, Kenyans on the interwebs have questioned the real reason as to why KANU has started auctioning the late Mzee Moi’s properties.
To some, they think that KANU is simply letting go of properties allegedly acquired through questionable practices and deals.
Do you think this is what is happening? Or the party is just too broke to float Senator Moi’s presidential bid?