MPs have raised alarms over the alleged misappropriation of the College of Insurance land in South C, Nairobi, disputing claims that the property is privately owned and calling for a comprehensive investigation.
The Finance and National Planning Committee flagged the issue after Treasury records suggested that the land, historically linked to the college, may have been transferred to private individuals. Committee members stressed that the college and its facilities were fully funded through the insurance levy collected from ordinary Kenyans.
Molo MP Kimani Kuria, chair of the committee, accused senior Treasury officials of enabling a scheme aimed at legitimising a questionable transfer. “That school is owned by Kenyans because it was bought with taxpayers’ money,” he said, urging parliamentary oversight to prevent any loss of public assets.
National Treasury Cabinet Secretary John Mbadi told the committee that the land is now held by a trust of three private individuals, whose identities were not disclosed. MPs dismissed the explanation as incomplete and inconsistent, with Baringo Woman Representative Jematiah Sergon first raising the alarm.
Former Treasury employee and Butula MP Joseph Oyula confirmed that the government acquired the land in the late 1980s when the insurance department was under Treasury. Kesses MP Julius Rutto demanded a full inquiry to safeguard national training infrastructure and ensure public resources are protected.
