Kenyan President Uhuru Kenyatta and members of his family have reportedly been caught in the webs of the new massive leak themed the Pandora Papers which exposed leaders who hide their wealth in offshore accounts.
This new expose’ which dug deep into the archives of Panama, British Virgin Islands (BVI) and other tax havens link the Kenyattas to about 13 offshore companies with just one among them holding an amount of $30 million. Estimates on the rest of the companies owned by Kenya’s ‘first’ family are yet to be ascertained.
However, the investigators provided evidence on a business established in 2003 with the President’s 88-year-old mother called Mrs. Mama Ngina Kenyatta as first benefactor. The document also made Uhuru the sole receiver of proceeds from the foundation upon the death of his mother.
“In case of the death of Mrs. Mama Ngina Kenyatta, the entire capital or income of the foundation, as well as any additional contributions received by the foundation shall be distributed to her son: Mr. Uhuru Muigae Kenyatta” the document said.
Recall that, Kenyatta who brands himself as an anti-corruption crusader told the media in 2018 that his wealth and that of his family has been made known to the public. “As I have always stated, what we own – what we have – is open to the public. As a public servant I’m supposed to make my wealth known and we declare every year,” Kenyatta said.
However, a discovery of investments in a tax haven, hidden from the public, has completely defeated the purpose of his campaign.
This canker of hiding wealth in havens, either to evade tax or steal from the populace is not limited to Kenyatta as the investigation revealed. Africa, a continent of many resources, has suffered from its leadership which finds pleasure in diverting billions of the continent’s resources for selfish gains at the expense of the suffering masses.