Cyprian Is Nyakundi
Fraud

Magnate Ventures Owner Scandal That DPP and DCI Have Ignored

Newell Holdings Limited scammed peasant farmers in Naivasha by selling their land to the white elephant project of an Industrial Park and Inland Container Depot in Naivasha.

The peasant farmers who were depending on them to protect their shares in the Kedong Ranch, were up for a rude shock after their directors sold their piece of land which worth Ksh8 billion in shares for a emasly Ksh2.1 billion.

Muhotetu is the majority shareholder with 40.66% Kedong Ranch where the Government intends to put up an industrial park and the inland container terminal. The Government will pay for the stake in the ranch and that’s how the cartel is planning to scheme Kshs. 7 Billion that ought to be paid to shareholders of Muhotetu.

It is not a famous story in the Kenyan media for obvious reasons that it touches on the powerful families in politics in Kenya.

The company Newell Holdings Limited which is executing this scam of epic proportions is majority owned by prominent Uhuru financier Stanley Kinyanjui. He owns the outdoor advertising firm Magnate Ventures Limited. Another shareholder of 40% is owned by a lady called Rahab Mwihaki Karoki.

For the sake of clarity, Rahab has been involved with fraudulent deals through Equity Bank and another notorious manager we have covered called Ambrose Makanga Ngari who is a front-person for Equity Group CEO James Mwangi.

Stanley Kinyanjui is a well-known figure in Uhuru Kenyatta circles being a frequenter at the Galileo Lounge owned by medical tenderprenuer Ngatia. He was also very visible during the Jubilee campaigns where he is said to contribute a lot of money.

It’s not the first land scam linked to Stanley Kinyanjui. In 2016, he was linked as having defrauded someone off 100 acres in Kitengela.

Authorities are silent.

This is a clear incident of breach of trust and is criminal.

Ethics and Anti-Corruption Commission (EACC), Directorate of Criminal Investigations (DCI) and Office of the Director of Public Prosecutions (ODPP) are mute on the fraudulent deals of Stanley Kinyanjui and his co-thieves, is it because they funded Jubilee Campaigns?

In November 2019, over 3000 residents filed a petiton at the Environment and Land Court in Nakuru seeking orders declaring them genuine occupants of the land.

Through lawyers Thomas Letangule and Prof Tom Ojienda, the residents of the land have sued Kedong Ranch Ltd, the Kenya Railways Corporation, the National Land Commission (NLC) and the Attorney-General.

In the case filed under a certificate of urgency, the petitioners want the court to restrain the Kedong ranch from selling, disposing of or dealing with the land in a manner that will be detrimental to their occupation.

Documents

In the first document below signed by the chairman of Muhatetu farmers Mr Cyrus Munuhe Mwaniki who is the father to Mwaniki Munuhe of NYS looting scandal. Mwaniki Munuhe is said to be the one who put together this deal between his father and Stanley Kinyanjui.

Muhatetu farmers were swindled by Mwaniki’s father and Magnate Ventures. The funny thing is they were not just paid much less the value of their shareholding but were paid even before Newel and Mwanikis father signed the agreement attached below.

An unexplained death

Now, before Mwaniki’s dad became a board member of Kedong Ranch, the previous board member from Muhotetu was shot dead at his home by hitmen.

Since dead men tell no tales, the man’s widow knows the hitmen since they were with the husband when he was killed but cannot dare report them.

It is alleged that Mwaniki’s father sent the hitmen.

There have been a series of murders of people involving the Kedong ranch, but this one was curious.

After the murder of former board member, Mwaniki’s father was appointed a board member in unclear circumstances.

Immediately afterwards, he went ahead to sell the Kedong ranch but to the people of Muhotetu.

It is easy to link the people who profited from the looting of NYS to the people who are going to benefit from the IC in Naivasha. Is the murder linked?

Mwaniki’s father had been a member of PCEA Muhotetu church and even elected as a leader so even when he was implicated in the NYS scandal, members were convinced that it was a witch hunt.

At that time he was working at Standard and he would attend harambees and donated millions of money within that time at PCEA Muhotetu so part of NYS money has been used to build PCEA Muhotetu Church.

Now, any person in Muhotetu can tell you how much Mwaniki has donated to that church

When they say religion is an opium of the poor, it is evident in Muhotetu. The poor farmers “sold off” the ranch which has been passed down as an inheritance for generations. To them, Mwaniki’s father cannot be wrong since he is a church member and was once a leader. This is what Mwaniki and his dad took advantage of and even donated millions to church to fool them.

As anywhere in Kenya, after one has stolen from the public, PR donations are usually not enough and so the dad tried vying for a political position but has failed. He vied as an MCA but only got votes Muhotetu.

The charm offensive of a thief of public finds and swindler of lands continues.

Mwaniki ferried people from Muhotetu on a bus to attend his ruracio. He gave out a handsome amount of money as dowry. All that money is stolen money.

The chairman of Muhatetu farmers who has signed the document you have attached is Cyrus Munuhe Mwaniki, he is Mwaniki Munuhes father.

 



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