Categories: News

Opiyo Wandayi: Housing Levy is A Pyramid Scheme

Opiyo Wandayi, the minority leader in the Kenyan National Assembly, has likened the Housing Levy in the Finance Bill to a well-known pyramid scam. During the bill’s discussion in Parliament, Wandayi expressed his belief that this plan could potentially ignite a revolution in Kenya. He argued that combating drug and alcohol abuse while keeping young people jobless is contradictory, and he believed that this measure would serve as a catalyst for change due to the frustration Kenyans have with dishonesty.

Wandayi firmly advocated for the rejection of the housing levy and the bill, asserting that it exemplifies a pyramid scheme. Furthermore, he accused the government of neglecting the interests of Kenyans, particularly with the proposed tax on wigs and cosmetics. He questioned the implications for citizens who rely on selling beauty products, highlighting the impact on employees in barbershops and beauty salons.

Wandayi emphasized that Kenyans are closely observing the situation, noting that the eventual passage or rejection of the measure will not change this. He stressed the importance of the country’s leaders taking a stand and acknowledged that their actions would either shape or undermine the outcome.

Opiyo Wandayi criticized the Housing Levy and the Finance Bill, comparing them to a pyramid scam. He voiced concerns about the government’s disregard for the well-being of Kenyans, particularly in relation to the proposed tax on wigs and cosmetics. Wandayi believed that this issue had the potential to spark a revolution, and he stressed the significance of the leaders’ stance in determining the eventual outcome.

Risper Muthoni

Recent Posts

Kenya’s Foreign Digital Tax Revenue Nearly Doubles After Tax Reforms

Kenya recorded a sharp increase in tax revenue from foreign digital companies in the 2025/26…

8 hours ago

KRA Records Double-Digit Revenue Growth as Tax Collections Reach Sh2.84 Trillion

The Kenya Revenue Authority posted strong revenue growth in the 2025/26 financial year. Tax collections…

8 hours ago

IEBC Warns of Postponing Ol Kalou By-Election Over Bribery and Violence

The Independent Electoral and Boundaries Commission (IEBC) has officially warned it may postpone or cancel…

16 hours ago

Nairobi Police Officer Investigated After Woman Falls from Sixth Floor

A senior police officer faces intense public scrutiny following a violent domestic dispute where she…

2 days ago

KUCCPS Excludes 686,000 KCSE Candidates from Centralized Higher Education Placements

The Kenya Universities and Colleges Central Placement Service (KUCCPS) left 686,000 Kenya Certificate of Secondary…

2 days ago

Kenyan Food & Drink: A Culinary Guide to Kenya

A Culinary Overview of KenyaWhether it’s a street-side skewer of smoky nyama choma or a…

2 days ago