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Economic system
Ruto appoints ex-MP Criticos as chair Kenya Commerce Community Company
Friday Might 26 2023
Former Taveta MP Basil Criticos. FILE PHOTO | KEVIN ODIT | NMG
President William Ruto has named former Taveta MP Basil Criticos because the chairperson of the Kenya Commerce Community Company for a interval of three years.
The previous MP bought 2,526 acres of land to Dr Ruto, then served because the Deputy President, a transfer that drew criticism, particularly from the landless in Taita Taveta.
Mr Criticos, nonetheless, defended Dr Ruto saying he bought the land at market worth in 2017. Dr Ruto’s Mata farm borders Criticos ranch and Lake Jipe to the South.
“In train of the powers conferred by paragraph 6 (1) (a) of the Kenya Commerce Community Company…I, William Samoei Ruto, …appoint— Basil Criticos to be the Chairperson of the Kenya Commerce Community Company Board, for a interval of three years,” the gazette discover learn.
The previous MP served as an assistant Minister for Roads and Public Works in former President Daniel Moi’s administration.
He’s unsuccessfully tried returning to politics as Taveta MP.
In the course of the presidential campaigns final 12 months, Dr Ruto defended the acquisition of Mata farm saying he helped Mr Criticos offset a mortgage he owed to the Agricultural Finance Company (AFC).
The previous MP early this 12 months gained a case towards the Nationwide Financial institution of Kenya (NBK) over a debt of Sh2.57 billion, arising from the public sale of his land in Taita Taveta 14 years in the past.
This was after the Courtroom of Enchantment dominated that the public sale of the 15,994.5 acres in Taita Taveta in September 2007 was undervalued.
The land, which had buildings, sisal, quarry, and street community was bought for Sh55 million.
The land was bought to the Settlement Fund Trustees (SFT) to get better a mortgage of Sh20 million superior to Agro Improvement Firm Ltd, an organization wherein Mr Criticos was a director and a shareholder.
The previous Taveta MP acted as a guarantor for the mortgage.
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