KPC SHARES AND THE MYSTERY INVESTOR: The other week, I was suspended from Parliament for stating the obvious. That the Kenya Pipeline IPO was a failure, subscription being below 3% at the last day of the IPO. And that President William Ruto called the CEOs of NSSF, PSSF, Unclaimed Assets, CPF, and others to risk Pensioners savings against professional advise. These are the facts: 1. The President called the CEOs to buy KPC shares against the advice from their own professionals. They had to forge minutes of Board meetings and backdate them. All of them are liable. 2. He again called them last week instructing them to sell the shares to a “Private Investor”. 3. They have cumulatively sold 4.5 Billion shares netting approximately Ksh 42Bn. NSSF is yet to exit fully. 4. The exit price was between Ksh 9.02 to Ksh 9.36. The share were sold cum dividend so that the “Private Investor” maximizes benefits. 5. Accounting for brokerage commission that is usually around 1.5%, the entities sold shares at a loss. The loss widens if you account for time value for money. Even fixing the money in the bank could have earned pensioners much more. 6. The so called Private investor is a company that President William Ruto has private interests in. He is among the “Private Foreign Investors”. In other words he took a soft loan from your pensions, you made a loss but he is making money from it. 7. The Investment Bank that handled the transaction is also owned by him. A newly licensed Investment Bank. 8. The transaction is part of fulfilling the conditions Precedent of the Lamu Refinery. The transaction is closely related to the refinery. 9. More KPC shares will be transferred from the Public entities to the so called Private investors. 10. This completes William Ruto’s personal interests in Oil from Upstream (where he is firmly involved in Turkana oil), Mid Stream (As a shareholder of the Refinery) and Downstream (G - G and other oil Marketers). The details of the Investment agreement between Dangote East Africa Petroleum Refinery and Kenya would shock everyone. 1. Why is the shareholders register a secret - Because the minority shareholders are led by the President of Kenya. 2. Why is the Investment agreement a secret - because the content is pure abdication of duty and patronage. Among the conditions is that Kenya willl NOT import any products made by the refinery even when the prices are double or triple the market price. We are African and Africa is our Business..