Prime Cabinet Secretary nominee Musalia Mudavadi has revealed that his net worth is around Ksh4 billion as he faces the Committee on Appointments for vetting.
Speaking at the County Hall during the Cabinet Secretaries nominees vetting, Mudavadi revealed that he took into account his properties and investments.
He added that the net worth was derived from various sources of income.
“If I take my investment in shares in some companies and also some properties I own, I would put my net worth at about Ksh4 billion.”
“My sources of income are rental income, dividends where I have shareholdings and also interest and of course other expenses that come from the farm.”
Mudavadi is the first to face the vetting panel.
Earlier, the National Assembly Speaker Moses Wetangula ruled that the Prime Cabinet Secretary position is legal.
Wetangula noted that the post was Constitutional and part of the 22 CSs the President was allowed to nominate.
He further observed that Mudavadi’s role would be governed by the rules adhered to by other Cabinet Secretaries.
“The President nominated 22 Cabinet Secretaries including the Prime Cabinet Secretary. In this regard, the office of the Prime Cabinet Secretary finds its Constitutional basis under article 152 (1) (d) of the Constitution and the nominee, if approved, will be one of the Cabinet Secretaries,” stated Wetangula.
Wetangula further noted that, as per the Constitution, the President had the powers to designate a CS title and assign functions as they deem fit.
In the case of Mudavadi, President Ruto named his position, Prime CS, and assigned him the function of coordinating other Cabinet secretaries.
