Probe: Senators put Ngumi on the spot over KPC deals

Kenya Pipeline Company Managing Director Joe Sang and chairman of board John Ngumi when they appeared before the Senate Energy Committee yesterday. [Boniface Okendo, Standard]

Kenya Pipeline Corporation Chairman John Ngumi was hard-pressed to explain the role he played in arranging the financing for the new Mombasa-Nairobi petroleum products pipeline.

The Senate Committee on Energy yesterday questioned Mr Ngumi on the possible conflict of interest while working for Stanbic in 2014, which was the lead lending institution in a consortium that advanced Sh35 billion to KPC for the construction of the new pipeline.