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February 18, 2020 - 19:19
Cyprian Is Nyakundi

SERIALIZATION: Jubilee Holdings CEO Julius Kipng’etich Litany Of Scams Under Cyprian Nyakundi’s Microscope ( Part 1 of 5)

Poacher Julius Kipngetich

On 10th January, Former Uchumi Supermarkets Chief Executive Julius Kipng’etich was appointed the CEO of Jubilee Holdings where he had been serving as a non-executive director.

This site has always exposed the fraudulent ways of Mr. Julius Kipngetich, who made a fortune selling ivory from poached elephants during his stint as KWS boss. During his stint, poaching in Kenya rose to record-highs. 

As fate would have it, Julius Kipngetich has enlarged his looting tentacles as will be exposed in the five-part series that will run on this blog. 

Our team has received a dossier on how Jubilee insurance group has been manipulating state tenders. 

Interestingly, the state agencies mandated with fighting corruption have received these files but slept on them. We will know why all this has happened as we progress. 

Is the war on corruption genuine and targetting a few individuals? 

The CEO who was a former public servant has effectively used his past contacts with the government institutions in which he directly contacts the CEOs and board chairpersons rewarding them with kickbacks.

Recently, he used his status and manipulated one parastatal medical tender. He also met severally the chairman of one state agency who is his close friend and pushed through him the evaluation committee into illegally awarding Jubilee medical tender of kes more than Ksh. 200Million despite jubilee being among the highest bidders. 

This has led to other bidders filling for a review at the PPRA. We have instances where agents are blocked from earning commissions in which the money is channelled out through the CEOs appointed agents.

A case in example is where an existing agent for the last five years, and has an appointment from the client is being edged out of his business without express authority from the client and the CEO appointed his personal agent.

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