Former Attorney General Justin Muturi has challenged President William Ruto to explain how strategic investments linked to the Kenya Ports Authority (KPA), reportedly worth close to KSh 150 billion, could be valued at just KSh 10 billion.
Muturi raised concerns over the reported valuation, warning that any transaction involving Kenya’s strategic public assets must be subjected to transparency, accountability and legal scrutiny.
In a strongly worded statement, the former Attorney General described the matter as “beyond kleptocracy,” terming it a potential betrayal of public wealth.
“President William Ruto must explain to Kenyans how Kenya Ports Authority’s strategic investments, reportedly costing taxpayers close to KSh 150 billion over the past just 15 years, could be reduced to a valuation of just KSh 10 billion,” Muturi said.
He cited several infrastructure projects, including the Lamu Port-South Sudan-Ethiopia Transport (LAPSSET) Corridor, the Inland Container Depot (ICD) in Embakasi, Kilindini Terminal 2 and Kisumu Port, alongside regional railway and logistics infrastructure.
According to Muturi, the investments represent strategic national assets developed using public resources and should not be treated as political property that can be disposed of without adequate public scrutiny.
His remarks place renewed attention on questions surrounding the valuation and potential disposal of state-linked infrastructure, although the statement did not provide independent documentation detailing how the reported KSh 10 billion figure was determined or identify the specific transaction under consideration.
Muturi Issues Warning to Investors
Muturi also directed a warning at international investors, financial institutions and commercial interests that may be considering participating in transactions involving Kenya’s strategic assets.
He said any deal found to be fraudulent, unlawful or structured to undermine the public interest would face legal scrutiny.
The former Attorney General further stated that a future government under the Ukombozi banner would pursue lawful avenues to challenge, review and, where legally justified, reverse such transactions.
“A future Ukombozi Government will pursue every lawful avenue to challenge, review, and, where legally justified, reverse such transactions,” he said.
Muturi cautioned investors against assuming that political connections or a change in government would shield them from legitimate legal challenges.
He warned that transactions facing credible allegations of undervaluation could trigger independent investigations, court challenges and demands for restitution if wrongdoing were established.
Call for Accountability
The former Attorney General maintained that Kenya’s strategic infrastructure should remain protected by the law and managed in the interests of citizens.
He argued that any transaction involving public assets must be supported by transparent processes and proper valuation to protect taxpayers from potential financial losses.
Muturi concluded his statement by insisting that no agreement involving public wealth should be considered beyond legal scrutiny.
“Kenya is not for sale, public wealth is not a private bounty, and no deal is above the law,” he said.