Nginyo children risk jail in Sh4bn estate fallout
Wednesday July 28 2021
By VICTOR JUMA
Summary
Mr Kariuki died on February 24,2020, leaving a vast estate, including real estate, farming, bank deposits and government bonds and a will that is being contested.
Before 4 obtaining approval to run the estate, Margaret and her children started withdrawing money from the deceased’s bank accounts.
The widow and children of the late businessman Lawrence Nginyo Kariuki risk fines and jail terms after the High Court declared that they had appropriated part of his assets before receiving permission to manage the estate.
The court has also ordered a forensic audit of the Sh4 billion estate after Margaret Wangari Nginyo and some of her six children, including Jane Alice Wambui Kiragu and Silas Macharia Kariuki, withdrew more than Sh70 million from the deceased’s bank accounts at I&M Bank and Consolidated Bank of Kenya.