This archive report was first published on 8 May 2020.
May 8, 2020 - The High Court in Kenya has ordered the removal of three trustees from the Njenga Karume Trust, a multi-billion shilling empire built by the late Njenga Karume.
The court found that George Ngugi Waireri, Kung'u Gatabaki, and Margaret Nduta Kamithi had breached the trust deed and were personally liable for losses and damages suffered by the trust and its beneficiaries.
The three trustees were appointed after the resignation of Justice Kihara Kariuki, and were accused of making payments and transactions without the knowledge or consent of the beneficiaries.
The court also found that the trustees had failed to account for Kshs 280 million from the sale of land to Kenyatta University Retirement Benefit Scheme.
According to the court judgment, the removed trustees will be required to give an account of all transactions undertaken, payments made, funds received, and expenditures incurred on behalf of the Njenga Karume Trust since February 24, 2012.
Siaya High Court Judge, R. E Aburili, said that the court would determine whether there was any dishonesty on the part of the Trustees in their dealings with the trust assets.
