Kenya Commercial Bank (KCB) Group CEO Joshua Oigara declared his wealth on Thursday, which totalled to a net worth of Sh220 Million.
Following the precedent set by Safaricom CEO Bob Collymore, Mr Oigara divulged that he had assets worth Sh350 Million, liabilities standing at Sh130 Million and a monthly pay of Sh4.9 Million, which included allowances.
The 40-year-old said that as the CEO of “East Africa's leading Bank", he was leading the war against corruption by portraying transparency and lucidity in his operations.
“My public declaration is driven by the need for us as private sector players to initiate greater transparency. Kenya is bleeding from corruption mainly driven by secrecy in organizational operations,” he said.
Mr Oigara, who was once a teacher earning a salary of Sh5,000, said he had put a lot of effort to get to his position and therefore he had amassed wealth of the said amount over time.
“I have had to work hard for the past 18 years in different companies and capacities. I started off as a teacher in my rural village, earning Ksh5,000 a month. I have grown to be the CEO of East Africa’s leading bank with annual revenue of Sh60 Billion,” he stated.
The young CEO acknowleged that corruption was depriving Kenyans of their right to basic needs such as health and education, by sipping into organisations and persons who control such sectors.
This comes barely a day after Mr Collymore declared that he was worth Sh277 Million, approximately Sh57 Million more than the KCB CEO.
Mr Collymore also said that he owned a Sh54 Million residential house in London and had Sh18.3 Million worth of shares at Safaricom.
Read Also: Safaricom's Bob Collymore Declares How Much He Owns
