Omtatah Questions KPC Ownership Disclosure
Busia Senator Andrew Omtatah Okoiti has raised concerns over the non-disclosure of beneficial ownership in the recently listed Kenya Pipeline Company (KPC), questioning the transparency of the shareholding structure of the strategic state corporation.
In a statement, Omtatah said information contained in the company’s Initial Public Offering (IPO) memorandum indicates that a significant portion of KPC’s top shareholders are represented through nominee accounts, making it difficult to identify the ultimate beneficial owners.
The senator argued that the lack of disclosure raises concerns about transparency, accountability and public oversight in the management of a strategic national asset that plays a critical role in Kenya’s energy security and economic stability.
He has asked the Senate Standing Committee on Energy to provide a detailed breakdown of KPC’s shareholding structure, disclose the beneficial owners behind nominee accounts and explain measures being taken to safeguard strategic national assets from undisclosed ownership and undue influence.
KPC recently transitioned into a publicly traded company after the government sold a 65 per cent stake through the country’s first digital e-IPO on the Nairobi Securities Exchange, raising Sh103.45 billion.
Separately, Omtatah expressed concern over persistent governance disputes at Cricket Kenya, saying the wrangles have contributed to the decline of a sport that once positioned Kenya among the leading cricket nations globally.
He cited concerns surrounding the conduct of elections held on April 19, 2026, allegations that some members were excluded from annual general meetings and claims that delegates were denied opportunities to discuss financial statements and governance matters.
The senator has called on the Senate Standing Committee on Labour and Social Welfare to establish the legitimacy of the current Cricket Kenya leadership, investigate governance and financial management concerns and outline measures being taken to protect players’ welfare and revive the sport.
Omtatah also questioned the effectiveness of the Ethics and Anti-Corruption Commission (EACC) in addressing recurring audit queries, budgetary irregularities and corruption cases highlighted in public institutions.
He noted that reports by the Auditor-General have repeatedly flagged unsupported expenditure, irregular procurement, unaccounted public funds, stalled projects and violations of public finance laws across both national and county governments.
The senator has requested the Senate Standing Committee on Finance and Budget to provide details on audit findings referred to the EACC, investigations conducted, cases forwarded for prosecution, recoveries made and measures being implemented to address recurring financial irregularities in public finance management.