Just summon me to parliament, raise Safaricom bond issues on the floor- CS Mbadi To Nyoro

December 16, 2025 - Business - no comments

BY MANUEL ODENY

JOHN MBADI: Kenyans Are Taxed Upto 40% of Their Earnings, Highest In The Region, HERE IS HOW

Treasury Cabinet Secretary John Mbadi has called out Kiharu Member of Parliament Ndindi Nyoro to use his position as elected leader when rising queries in his docket.

Mbadi said it was unfortunate that the legislator has chosen to raise his concerns over the treasury especially the sale of Safaricom shares in televised talk shows instead of parliament.

He said the Kiharu legislator should come out and face him before the National Assembly Committees for a balanced debate to get a factual and realistic picture of the controversy-riddled sale of Safaricom shares.

He was speaking in Bondo during a fundraiser.

Mbadi said he can face the legislator through the Finance and Planning Committee and also the Privatization Committee instead of facing Nyoro in a televised debate.

Nyoro had claimed he was ready for the debate, claiming sale have been significantly undervalued and the sale of shares at the proposed Sh 34 per share will result in a huge loss for the public fund.

“I don’t want you (Nyoro) to use me to make a name. If you have anything that you think is not right with the divestiture in Safaricom shares I will appear before the Joint Committee of the National Assembly, where you sit,” said Mbadi.

“Standing Orders of the National Assembly allows any member to appear before committees. “Just put together all your questions and I will answer them before the joint committee,” he added.

The Treasury CS stated that Nyoro’s objection to offloading 15 percent of Safaricom shares is hypocrisy, because he is on record having asked former president Uhuru Kenyatta to sell Safaricom to raise money for the government.

“Nyoro has a right to hold me accountable, but only through structured dialogue. He is a senior member of the UDA Party and understands its manifesto, and the only reason why he is opposing the strategy is because he does not want the government to deliver,” he added.

Mbadi reiterated that what the government is trying to do with the partial offloading of Safaricom shares is going to help the country take off economically.