It was concocted by black nationalist & criminal Ron Karenga in the 1960s. Karenga was indeed jailed for felony assault and false imprisonment of 2 women. Not exactly Saint Nicholas (of course).
To show how co-opt'd by the PTB are "Presidents" have become, check out with Jorge "SkullnBonesman" Boosh said in 2004...
In his Presidential Kwanzaa Message, , George W. Bush said, "During Kwanzaa, millions of African Americans and people of African descent gather to celebrate their heritage and ancestry. Kwanzaa celebrations provide an opportunity to focus on the importance of family, community, and history and to reflect on the Nguzo Saba or seven principles of African culture. These principles emphasize unity, self-determination, collective work and responsibility, cooperative economics, purpose, creativity, and faith."