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    Kenya Pipeline Chairman John Ngumi Elected To KQ Board

    KahawaTungu ReporterBy KahawaTungu ReporterJune 10, 2019Updated:June 11, 2019No Comments2 Mins Read
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    John Ngumi. [PHOTO/ COURTESY]
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    Kenya Pipeline Company (KPC) chairman John Ngumi has been elected to Kenya Airways (KQ) board.

    Ngumi was elected in the 43rd annual general meeting of the shareholders, to replace Jason Kapkirwok who has retired.

    The shareholders also gifted Chairman Michael Joseph with three more years at the helm of the board of the troubled carrier.

    Read: Urithi Housing’s 100-acre Land Up For Auction, Developers Kicked Out In Another Project

    “I thought I had a hot seat until I met KQ boss Sebastian Mikosz. I believe in this airline. I have seen it go up and then down and it will go up again. There are hard decisions that need to be taken,” said Ngumi.

    Ngumi’s election came as a surprise, as his leadership has been rocked with scandals at KPC, that has led to losses of billions from the firm.

    Last year, it was reported that Ngumi  is among the clique of cartels hiding Ksh5 trillion in off-shore accounts.

    Read: Tanzania Suspends Inflow, Exchange Of Kenyan Currency With Hers

    According to sources, Ngumi is hiding over Ksh2 billion (from KPC alone) in off-shore accounts owned by his shell companies. The money is believed to have been from kickbacks in the fraudulent tenders issued under his watch.

    Most of the KPC tenders were awarded fraudulently to a Chinese company, ZIC International.

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    John Ngumi KPC KQ
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