Integrity Centre deal costs taxpayers Sh1.5bn

Integrity Centre, headquarters of the Ethics and Anti-Corruption Commission. FILE PHOTO | NMG

Directors of Tegus Limited, the company that owns the Ethics and Anti-Corruption Commission's (EACC) headquarters building in Nairobi, are set to pocket more than Sh1.5 billion after the National Land Commission (NLC) approved the compulsory acquisition of Integrity Centre by the anti-corruption agency.

The transaction will see shareholders of the little-known company make Sh1.1 billion profit off Kenyan taxpayers on Integrity Centre, which was valued at Sh400 million only five years ago.

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Note: The results are not exact but very close to the actual.