There have been many Kenyan stories of children and grandchildren squandering inheritance wealth. There have also been cases of tycoons refusing to provide for their kin as is in the case of Samwel Mburu.
Perhaps you might know Mburu from his multimillion company Jade Collections. Apart from Jade Collections, the businessman has invested in real estate in RiftValley and Nairobi regions.
His wealth is estimated at a whooping Sh 7 billion.
Two of his grandsons – Kevin and Ivan Wakaimba – have told Eldoret High Court how they are living as squatters while their grandfather is one of the richest guys in Kenya.
They passionately pleaded with the court to order Mburu to include them in the distribution of family wealth.
It might seem like a greedy move from the two kids but they really put up a compelling case. Kevin and Ivan’s father (Wakaimba) died 37 years ago in a grisly road accident.
After the death of his son, Mburu told the insurance company that his son had no beneficiaries. He pocketed insurance money, then proceeded to sell the land Wakaimba owned.
The two boys and their mother have been rendered homeless with no place to call home. They have even been forced to drop out of school due to a lack of school fees.
The court could not determine the case after Mburu’s lawyer said the old man had contracted COVID-19.