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Tuesday, January 13, 2009

Weekly Citizen's take on KPC-Triton scam

This is copied from what the comments section by Anon in an earlier post. I have NOT researched the information provided but it sounds interesting. I have edited unrelated/extraneous content to shorten the post without removing/deleting any information related to the KPC-Triton scam. The entire comment can be referenced in the earlier blog posts' comment section.

A local newspaper in Kenya has named the Prime Minister Raila Odinga as being a key player to what the weekly termed as mega oil scandal involving millions of shillings.

The article incriminating Raila Odinga and his family in suspect oil deal, which also involved a cartel of wealthy Asian wheeler dealer appeared in the latest issue of the Nairobi ’s publication, the WEEKLY CITIZEN, which is one of the mushrooming alternative press, commonly called “Gutter Press”. The paper is credited for its in-depth investigative report, making it a lethal weapons to the politicians.


In a page one leading article the articles says.” Towards the end of 2008, Kenyans were forced to grapple with an unreliable supply of fuel and artificial rise in its pricing.”
On more than one occasion, the Managing Director of the National Oil Pipeline Mr George Okungu gave a widely televised interviews to reassure Kenyans that there was no fuel shortage or crisis as such in the country. But between December 28 and 29th,December 2008 most filling stations upcountry had no fuel to supply to the motorists. Workers returning from Holiday, particularly those travelling from Western Kenya back to the City got briefly stranded in Kisumu and other towns.

During the same period, a medium sized oil firm called Triton Limited, which is run by Mr Yagnes Devani and Mr Pankaj Somaia was reported to have allegedly rendered legally bankrupt, suddenly appeared in the oil trading scene.
The duo, according to CITIZEN’’s article have their roots in the lakeside Kenyan City of Kisumu and it is in Chemelil area within the Nyanza sugar belt, where the first few Triton Limited outlets were set up. What was most intriguing is that in-spite of its definite inability to source and service the largest oil order in the country, Triton Ltd, is alleged to have secured the government tender to purchase national oil supplies for a six month quota through the alleged intervention of the Prime Minister Raila Odinga, who is said to have personal and family interests in the oil industry as a major player.


Triton Ltd beat all other seasonal firms such as OilLibya{formerly Mobil} and Shell/BP.
Yagness Devani is the brother to the late Harish Devani who owned the multimillion complex, Simmers Plaza in in a Nairobi suburbs of Westlands, but alleged to have committed suicide a couples of years ago after swindling those close to former President Daniel Arap Moi billions of shillings in tenders scams supplies at the Kenyan Ports Authority {KPA}and Kenya Power and Lighting Company {KPLC}
.


“Indeed Triton Ltd had no capacity, to deliver on such a huge consignment of oil to the nation, but immediately after securing the government tender set upon sub-contracting the same to its rivals companies at a profit without any actual direct importation,”


In addition, Triton Ltd, according to the report was that oil suppliers refused to give in to the Triton’s sordid machinations, and this is what caused the brief artificial fuel shortage in Kenyan, which in turn raised the fuel prices even much higher. To compound the saga, Afri Global Ltd, a firm belonging to Raila Odinga’s elder brother Dr. Oburu Oginga MP who is the Finance Assistant Minister and which is run by Dr. Oginga’s son a pint sized fellow called Elijah Abonyo Oburu was one of the key beneficiaries.


After this scam Elijah Oburu had since bought a brand new show room Mercedez Benz limousine 350 valued at colossal amount of Kshs 24 million which he now drives around Kisumu City.


Another firm, African Oils Ltd, which belong to the Prime Minister’s son Fidel Castro Raila Odinga was also occasioned adequate favor to profiteer from the scandal, charged the paper article.
And not to be out done was the Prime Minister himself with his company Bakri Ltd, operated by one Mr. Mike Njeru who joined the lists of compliant firms that allegedly benefited from the tender pool sharing and in turn sold the same to the highest bidder!.
Raila Odinga’s younger sister Adhiambo is the managing director of the Petro Plus firm that has been involved in bulk oil sales in the high seas, a host received from Nigeria thanks to the closeness of the Prime Minister with the former ruler Gen. Olusegun Obasanjo. Libya and Southern Sudan government as donations to finance democratic pursuits in Kenya .
So entrenched is the Odinga family interests in the oil industry the players advise that it is practically impossible to do serious oil business in Kenya without roping in a family member.
At the centre of the scheme, says the paper, is Pankaj Somaia, a wheeler-dealer in the Moi regime era and alleged wanted in various countries for questioning on an array of criminal activities.”
In any oil sale scheme of the magnitude, Triton Ltd dabbed in the returns, kick-backs included run into hundreds of million of shillings.” the report says.


It is widely rumoured that Devani heavily funded last year’s 2007 general campaign for ODM team an that those who benefited by Devani earl this year were only return ing a favor.
“Indeed the grapevine has it that some senior Ministers in the grand coalition cabinet drive vehicles donated by Devani early this year. It is also an open secret that two MPs have been on Devani’s payroll ostensibly so that they extend favors for their benefactors as and when needed.” adds the paper.
Meanwhile Citizen reported that Mr. Devani himself is said to be holed up in some undisclosed destination abroad, but he keep in constant touch with the Prime Minister through one called Collins Odhiambo [formerly of Citi Bank}, and up to fortnight ago Triton Ltd, commercial director.”
Mr Odhiambo is said to be in big panic since Triton Ltd, went burst and placed under the official receivers as in the case with an array of high placed personalities in the government.
Another employee who took cover only before the take-over of Triton Ltd, is a Mr Kioko who was in charge of the firm’s operations at the KPA in the Kenyan port city of Mombasa .
Immigration Minister Gerald Otieno Kajwang’ who has also been a regular visitor in Devani’s office is together with his personal assistant{PA} is said to be working day and night to cover up five senior employees of Asian extractions who were irregularly employed by Triton Ltd over the last 10 months.

7 comments:

PKW said...

These family businesses(??) are sketchy at best.
On the regional front after the PEV disrupted the flow of goods to akina UG and RW, our neighbours might just look towards TZ for a more stable, reliable trading partner.

Though Kenya is not new to scandals, post-grand coalition ones are esp interesting to me, seeing as it is that the liberators of yesteryears are the culprits of today-oh how times change! Where's Orengo? His noise is most welcome at this opportune moment(I wish s/one, anyone, in PNU was as 'gifted'). I'm watching this space to see who the ODM crowd will force into resignation roundi hii.

PKW said...

CT: Away from siasa mob, would you think these shortages the reason prices of fuel are still relatively high even though the crude oil is in the $30s, down from the $130 a few months back? Aside from the dolllar gaining value, I don't get it!

Back to siasa; the price of fuel is the main thing that afeects every citizen across the board, so this gova should stop playing games with people's lives, yawa!

coldtusker said...

PKW: Yes... and that was my point in the earlier blogs when I was the sole voice in the wilderness blaming the government & not the Oil Marketers.

Please note... to me Triton is a 'govt' firm coz it is politically connected at all levels. It is favoured thus giving it 'power' to set (higher) prices...

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