INSIDE MWAI KIBAKI’S KSH400M MANSION.
Emilio Stanley Mwai Kibaki, Kenya’s third President and the country’s fourth Vice-President, is one of Kenya’s finest economists who rose to the top to lead the country.
During his tenure as the President, Kibaki saw the country experience exponential economic growth, after years of retrogressive leadership under former President Daniel Moi.
At the end of his tenure in 2013, Kibaki retired to his Othaya/ Muthaiga homes where he has led a low-key lifestyle, avoiding any public engagements.
Away from politics, Kibaki is known to be a businessman owning over 30,000 acres of land located in various parts of the country. He is also said to have been the owner of the 14 floor Union Towers which he sold to Mount Kenya University for an alleged Ksh800 million.
Being an economist and a businessman, Kibaki has not shied away from a lavish lifestyle, though he has never shown it publicly.
Kibaki owns a Ksh400M palatial home, which sits on 100 acres of land which is part of the 1000-acre land owned by the Sasini Mweiga Estate. The home was built by the government as part of his retirement perks.
The home is guarded by officers from the General Service Unit (GSU), who compliment the security offered by an electric fence surrounding it.
The home also has a helipad which is used by the former President, who visits the home regularly despite his old age (90 as of 2022). Former first lady Lucy Kibaki visited the home once during construction, before her d***h.
The home also has modern facilities such as a swimming pool, a jacuzzi, a gym, security guard offices, servant quarters, secretariat offices and a canteen for the workers.
The compound can host at least 500 guests at a go.
Despite having two rural homes, Kibaki spends most of the time at his Muthaiga home, reflecting his words that he is a “town person”.
The two rural homes are frequently visited by his children, despite reports that the homes had been abandoned.
Kibaki received a lump sum payment of Ksh25 million upon retirement. He also receives a tax-free pension of over Ksh900,000 monthly.
The 90-year-old also enjoys a staff of over 30 workers paid by the public, a monthly fuel allowance of Ksh200,000 and Ksh300,000 to carter for his bills, including water, electricity and telephone facilities.
He also has a full medical cover that allows him to seek treatment locally and abroad.
Kibaki also entitled to four vehicles of his choosing from the government, replaceable every three years. He is also entitled to a Ksh200,000 entrainment allowance and a house allowance of Ksh300,000 monthly.
Sourced from Business today