Ndindi Nyoro Fires Back at Farouk Kibet With Explosive Claims About KPC Shares and Pensioners’ Money

Kiharu Member of Parliament Ndindi Nyoro has launched a fresh attack over the Kenya Pipeline Company (KPC) share transaction, raising questions about the alleged role of pension funds, private business interests and individuals close to President William Ruto in the sale of one of Kenya’s strategic energy companies.

In a strongly worded Facebook post, Nyoro directed his criticism at Farouk Kibet, accusing him of focusing on political influence while ignoring what the MP considers more serious concerns surrounding the management of public investments and the interests of pensioners.

The lawmaker used a sarcastic reference to what he called the “Kenya Brokers Corporation” to challenge Kibet, whom he portrayed as a political broker with access to government officials.

He insisted that the controversy was not about political connections but about the financial decisions surrounding KPC and their potential consequences for ordinary Kenyans.

“Someone tell FAROUK KIBET that we are not talking about Kenya Brokers Corporation (KBC) where he is the Patron for brokering everything and access to every government official in Kenya. He must already be coming up with a plan to broker El Niño to Kenya,” Nyoro wrote.

Beyond his criticism of Kibet, Nyoro placed pensioners’ savings at the centre of his concerns, alleging that public investment institutions were involved in a transaction that exposed retirement funds to losses while other interests benefited.

“We are talking about a company whose shares led to Pensioners losing money while his Boss William Ruto made money,” the Kiharu MP claimed, adding that an investment bank he associated with the President had handled the transaction.

Nyoro did not limit his criticism to the KPC share sale. He also raised questions about alleged connections involving Dangote EA Petroleum Refinery, Turkana oil assets and other petroleum-related businesses, suggesting that the transactions deserved closer public scrutiny.

“We are talking about Dangote EA Petroleum Refinery where his Boss has a minority shareholding largely out of misuse of Power,” he alleged, linking his concerns to what he described as the concentration of commercial interests around strategic energy assets.

The MP also questioned the coverage of the KPC transaction by a media house he alleged had recently been acquired through a Tanzanian intermediary.

He claimed that the reporting sought to portray the sale as a competitive process involving other major oil companies.

Nyoro’s remarks have shifted attention towards the transparency of the KPC transaction, particularly the role of institutional investors, the valuation of the shares and the protection of pensioners’ savings.

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