mK

0722304035

[mK @Mk47_rs]

Karibu status zi change 🥹
#iposiku

[MC Fullstop Foundation @mcfullstop]

Tutachora kitu but not this year

[(fan) Trey @UTDTrey]

Arsenal game- robbed
Spurs game- robbed
Bayern game- robbed
Man City game- robbed

And they wonder why we lose games 😂

[Kisia Nzuki @KisiaNzuki]

1. Kisii County Governor Simba Arati blocked from accessing his office by GSU officers.

2. Two GSU officers reported dead, four others sustained serious injuries after the vehicle they were using to report on duty to man the KCPE & KPSEA examinations stepped on a landmine at Ege-Dam along Daadab-Garissa road.

3. ____________ (Blocking bandits is where they draw the line).

Sad day in Kisii and Ege-Dam.

[Kenyans.co.ke @Kenyans]

GSU officers block Governor Simba Arati from accessing his office at Gusii Stadium

[UEFA Champions League @ChampionsLeague]

Who impressed you most this weekend? 🤔

#UCL

[AfrikaOSINT @AssegaiConsult]

HOW AUDITOR WAS MURDERED FOR INVESTIGATING NAKUMATT SUPERMARKET CARTEL THAT STOLE BILLIONS

March 09, 2022
Nation Media Group

In all its years of existence, Nakumatt Supermarkets committed many sins.
refusal to pay suppliers, mismanagement that played poker with the lives of thousands who depended on the retailer for their livelihoods, tax evasion, money laundering.

But one of the most severe transgressions – embezzling an insurance payment intended for its slain auditor’s family – is the ghost that still haunts Nakumatt even in death.

Latoya Mghoi Kaka has spent a good chunk of the last seven years in and out of court waiting for the legal system, which in Kenya can be excruciatingly slow, to offer what is left of her young family some form of justice and closure.

Her husband, James Maina Karanja, was on the verge of becoming one of Kenya’s most respected auditors at just 27 years old, about to expose an unholy alliance of rogue managers and suppliers pilfering millions from Nakumatt, one of Africa’s largest retail chains.

Alongside a small group of other Nakumatt staffers, Mr Karanja had discovered that some suppliers were working with senior managers to inflate supplies and claim more money than they deserved.

Mr Karanja had just left Nakumatt’s head office on Mombasa Road at around 5pm on May 7, 2015 when a motorcycle passenger drew a Ceska pistol and shot him three times.
The auditor died on the spot.

While the rogue managers and suppliers fleecing Nakumatt may have been happy about Mr Karanja’s demise, his ghost continues to haunt many of them long after the retailer’s collapse.

In June 2021 the High Court in Nairobi barred the sale and distribution of Nakumatt assets until it determined a suit by Mr Karanja’s widow seeking payment of a Sh30 million insurance package that the retailer and its owner, Atul Shah, embezzled.

Nakumatt had taken out life insurance policies for some of its staffers like Mr Karanja to cushion their families from trouble in the event of death.

On March 1, 2016 police constable Ezekiel Momanyi Onsongo was charged alongside motorcycle rider Dennison Mose Maroko and Nakumatt manager Philip Manyura Maroko for the murder of Mr Karanja.

Around the same time, Kenindia Insurance released Sh30 million to Nakumatt’s Prime Bank account.
As the retailer was the entity that held the life insurance policy, it was to receive the money and remit it to Ms Kaka. But Mr Shah diverted the money into Nakumatt’s already struggling operations.

Mr Shah then led his slain auditor’s widow into an unfortunate game of hide and seek, as she juggled chasing the insurance payment and attending the trial of her husband’s suspected killers.

In the murder trial, it emerged that police had tracked down the owner of the motorcycle believed to have been used in the assassination, Daniel Nyongo Daudi.

Mr Daudi told the court that Mr Onsongo a police officer had hired him to trail Mr Karanja and find out where the auditor lived. Mr Onsongo lied to him that Mr Karanja had refused to pay a Sh500,000 debt and hence was on police radar.

But Mr Daudi could not keep up with Mr Karanja’s fast precision driving, so Mr Mose Maroko was brought in as the new getaway rider.

Mr Daudi was given a new job – to follow the motorcycle and act as a backup plan in the event they needed to dump the two-wheeled vehicle.

The court heard that Mr Daudi witnessed Mr Onsongo receiving a Sh80,000 deposit for the assassination from a Nakumatt manager, Mr Manyura Maroko.
After the assassination, Mr Daudi was paid Sh10,000.

But the boda boda rider could not live with the guilt of his role in a cold-blooded murder, so he went to the Loresho Police Station and spilled the beans to the commanding officer, Siamento Memusi.

High Court Judge James Wakiaga on October 7, 2020 ruled that the three suspects had a case to answer. The trial is still proceeding.

As the court was taking evidence to determine whether Mr Onsongo, Mr Mose Maroko and Mr Manyura Maroko have a case to answer, Nakumatt collapsed under the weight of a Sh40 billion debt.

Suppliers, landlords, banks and other creditors had not been paid for years.
Rogue managers had stolen at least Sh18 billion through various schemes.
Aside from inflating the supplies taken to supermarkets, some managers were disconnecting computers linking their branches to the headquarters and then pocketing money from sales.
Shoplifting also accounted for a good chunk of the Sh18 billion hole in Nakumatt’s books.

By the time Nakumatt collapsed, Ms Kaka had not been paid her husband’s 30 million insurance package as promised.

For decades, Mr Shah was Nakumatt and Nakumatt was Mr Shah.
Many people in Kenya and beyond drew inspiration from the man who started a small store in Nakuru and grew it into a 62-branch retailer, the largest in East and Central Africa.
They were wrong.

Today, it seems the Directorate of Criminal Investigations and government regulators have given up on the task of locating assets Mr Shah allegedly bought outside Kenya using billions of suppliers’ money

Mr Shah always sang praises of his retail chain, teased about strategic investors seeking to buy into his business and listing on the Nairobi Securities Exchange by 2021. A pipe dream.

He was, however, shrewd and he paid nearly nobody their dues. Not suppliers who make up a majority of the retailer’s debts, not landlords who are owed over Sh120 million, not the Kenya Revenue Authority, which is claiming Sh1.8 billion.

When Mr Shah tried to convince Nanyuki Mall owner Edward Waithaka not to sue him for failing to pay rent, he mentioned that Nakumatt’s troubles were sparked by the withdrawal of former Kilome MP John Harun Mwau as a shareholder.

Mr Mwau owned just 7.7 per cent through Hotnet Ltd, but was largely the source of Nakumatt’s liquidity, if Mr Shah’s confession to Nanyuki Mall’s owners is anything to go by.

When all the tricks in Mr Shah’s bag ran out, he tried to use Tuskys as a smokescreen.

Tuskys claimed it would buy Nakumatt and pay creditors, first with a Sh3 billion capital injection. Sibling rivalry plaguing Tuskys would reveal that the rival retailer did not have money to buy Nakumatt.

Shareholder wars led the Competition Authority of Kenya to dismiss Tuskys’ application to merge operations with Nakumatt.

Nakumatt was 33 years old when it died in 2017.

[Dr.Sadist @Dr_Sadist_ke_]

Kenyans 🇰🇪 let's show the World what we got🔥
🔁🔁🔁
#matatuculture
THREAD 👇

[Andrew Kibe @kibeandy]

When you see it…

[munaenae @Munaenae2]

🤣🤣toa umalaya hapa killed me

[OutkasT @ZuriBrown01]

Ningepata inches kidogo tu juu after Maombi najua unatoka tena 😂

[Corporate Machiavelli @Mach_Tactics]

During A Gold Rush

Don't Be A Man Digging For Gold

Be A Man Selling Shovels.

[toxic king @toxicking]

Calling me at 2 am for some 🍆 is disgusting.. Where is your morals? Where is your self respect?? What is your address? Where do I park?

[Jitu @captain_jitu]

So yesterday someone grabbed my phone nikitoka kwa cab in the middle of a call hapo Imenti house. Traced him juu sikuwa that tipsy then liased na yeye, gave him a thousand bob akakimbia nayo tena.

[Anne Mbugua @AnneMbugua16]

Good evening @KhalifKairo I have voted for you as I kindly request you to assist these children have an easy time as they do their exam by buying them sets and pencils. 14 of them are very needy. Please consider them as you buy kabij and kaquarter.( I'm not blackmailing)

[The Economist @TheEconomist]

He is making friends abroad and enemies at home https://t.co/BHgnWiQJUX

[Verified @njiiru]

Japanese sensation Sishiki Nduki Moto

[jaden @liljay11k]

bro

[mK @Mk47_rs]

@WanitaShanice 💔🕊