Kiharu MP Ndindi Nyoro has been suspended from the precincts of Parliament after refusing to apologise over claims that government agencies were pressured to buy shares in the Kenya Pipeline Company (KPC).
Nyoro had alleged that chief executives of government agencies were summoned by higher offices and directed to invest in the KPC initial public offering (IPO).
He was asked to substantiate the claims or withdraw and apologise, but declined to do so.
Speaking after the suspension, Nyoro maintained that his allegations were genuine and said he had not been given enough time to provide evidence to support them.
He maintained that CEOs were called and encouraged to invest in KPC, saying he believed it was wrong for the Executive to pressure people, including retirees, to put their money into an IPO.
Nyoro said he would continue raising concerns over the protection of pensioners' investments and other issues affecting Kenyans.
The suspension came after Nyoro failed to comply with the demand to withdraw his claims and apologise.
The KPC share sale has attracted public attention, with questions being raised over participation by state-linked institutions and individuals.
Nyoro's suspension now bars him from accessing the precincts of Parliament as the matter surrounding his remarks continues to draw debate.
Nyoro has in the recent past emerged as a vocal critic of the government’s proposed sale of a majority stake in Kenya Pipeline Company (KPC), even as he remains a notable individual shareholder in other state-linked firms, including Kenya Power.
On the KPC IPO, the government offered 11.81 billion shares, equivalent to a 65 percent stake, at KSh 9 per share between January 19 and February 19, 2026.
The offer was expected to raise approximately KSh 106.3 billion.
Nyoro raised concerns over the transaction, alleging that proxy arrangements could be used to facilitate the acquisition of strategic shares and warning that Kenyan investors could suffer significant financial losses.
He also questioned the uptake of the IPO, claiming that subscription levels were initially below five percent and later required government intervention and foreign participation.
The government, led by President William Ruto, rejected Nyoro’s allegations, describing them as political rhetoric and maintaining that the KPC listing would strengthen Kenya’s capital markets while unlocking value from the state-owned enterprise.
