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February 18, 2020 - 10:10
Cyprian Is Nyakundi
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Afya House Jubilee Scam: Read Equity Bank James Mwangi’s Involvement By Proxy

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CAPTION: President Uhuru Kenyatta and Dr. James Mwangi. Both have been linked to the Afya House scandal where Kenyans lost Kshs. 5 Billion in fictitious supply schemes. 

As we have previously stated, James Mwangi the CEO of Equity is a thief who has overstayed as CEO of the bank, contrary to aspirations of the new Central Bank Governor’s proposal for term limits.

We have previously revealed how James Mwangi and Peter Munga moonlight in their bank for property lodged by unsuspecting clients, imposing dubious charges, fee’s and levies, making it virtually impossible for a target to complete their loan, with the sole intention of forcefully acquiring it.

James Mwangi and Peter Munga work through a network of auctioneers and bribe judges to get favourable rulings.

So how does James Mwangi connect to the Afya House scandal that involved the sister and cousin of President Uhuru Kenyatta?

One of the biggest companies involved involved in the Afya House scam is Estama Investments Limited. The Ministry of Health paid Estama Kshs. 889 Million. Since incorporation on June 19, 2008, Estama Investments Limited has never filed returns.

One of the “directors” Ambrose Makanga Ngari happens to be the branch manager of Equity Bank Fourways Corporate branch along Muindi Mbingu Street. Hereby attached is a screenshot from one of the mediocre mainstream media houses, that cannot bother to do deep and intense analysis like we do.

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Ambrose Makanga Ngari is an old member of staff and a very close ally of Dr James Mwangi. Evidence of this is how he represented the bank in courts way back when it was till a struggling Building Society.

We have confirmed that Estama Investments is a company owned by James Mwangi, and that the bank manager and his wife were mere proxies planted by Mwangi, to obscure his involvement in grand corruption.

Court documents show that Makanga has been listed in two cases involving Dr. James Mwangi as a co-defendant or for an affidavit. In both cases, Dr. Mwangi got a favourable ruling allowing him to acquire property, with reports indicating that every judge who handles Mwangi’s case is bribed to give favourable rulings.

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CAPTION: Case involving James Mwangi where he “won” and had Ambrose Makanga as a co-defendant. 

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CAPTION: Yet another case where James Mwangi and Equity Bank “won” with Ambrose Makanga supplying an affidavit. 

Please note that a bank manager cannot continue serving in his position, while transacting close to 1 Billion in fictitious supply schemes, meant to defraud the Government.

The truth is that the current manager of Equity Bank’s Fourways Branch, regarded as the most profitable, was holding the shares of Estama Investments, as a proxy of Dr. James Mwangi, his close friend and confidante for decades.

We saw a recent example of socialite-CEO’s who are always keen to have their images remain clean in the media, using proxies to execute grand heists and fraudulent activities. Case in point being Kiprono Kittony who used his deputy at the Kenya National Chamber of Commerce and Industry Laban Onditi Rao, to attempt to grab a parcel of land along Mombasa Road.

Editor’s Note: Dear Kathleen Kihanya, your weave looks atrocious. Makes you look like a Koinange Street harlot. Kindly get rid of it!



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