FRM2011 wrote:FRM2011 wrote:At the risk of sounding like a broken record, I resurrect this thread in light of the kenya pipeline MD hiring debacle.
As expected, with keter as cs, the main qualification was always going to be tribe, home county and family connection in that order.
Now the chairman of kpc is investment banking guru John Ngumi. He has been the brains behind every syndicated loan in the country. He is the father of structured refinancing. Someone once told me that his bonus is usually so huge it's paid quarterly by his employer.
And he is just sitting there with tribal kingpins who are only interested in milking the parastatal.
Am assuming he doesn't need more money than he is making at stanbic.
Why not walk away while you still have some dignity left. Ama all of us are looking for an opportunity to dip our fingers in the till.
Seems that we also mis-understood our guy here.
http://www.theeastafrica...98954-jy6a27/index.html
After going through that article it seems Ngumi and the board are doing a splendid job such as closely following up on status of Line 5 to ensure the lazy contactor (who is 2yrs late) finishes the project, and also I've seen that him & the board refused to pay for suspicious supplies meaning they are jealously guarding our money as taxpayers despite the immense pressure by corrupt cartels that they accept suspicious supplies. We need more Ngumis in gov't. #MuchRespectToNgumi
C+p
“We were hiring new general managers
and the board’s human
resources committee had to sit through
the process of elimination, shortlisting
and subsequent interviews of eighteen
candidates. Also, in November last year,
we decided to get involved as a board on
the Line 5 works since the contractor
had failed to meet the deadlines,”
Mr Ngumi said.
“I don’t think we have anything to hide
about these sittings, and the allowances
drawn are available for anyone to
scrutinise,” he added.