https://en.sputniknews.africa/20230415/20-cousins-to-share-in-late-uncles-vast-wealth-in-kenya-1058630309.html
20 Cousins to Share Late Uncle's Vast Wealth in Kenya
20 Cousins to Share Late Uncle's Vast Wealth in Kenya
Sputnik Africa
The estate of Kariu Nyange, a late wealthy businessman in the Kenyan city of Njoro, will now be divided equally among his 20 nephews and nieces, after a lengthy family court case in Nakuru, the local media reported.
2023-04-15T17:33+0200
2023-04-15T17:33+0200
2023-04-15T22:59+0200
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The estate of Kariu Nyange, a wealthy late businessman in the Kenyan city of Njoro, will now be divided equally among his 20 nephews and nieces after a lengthy family court case in Nakuru, the local media reported.Initially, four of his nephews applied for letters of administration, which were granted in 2016. However, trouble arose during the confirmation stage of the grant, when they disagreed on the mode of distribution of the estate, which includes a sawmill, hundreds of acres of land, prime plots in various towns, shares in banks and companies, and commercial buildings.One of the nephews, namely John Wanyange, argued that he deserved a higher priority due to his deceased mother's previous relationship with Nyange, who passed away in 2003 without a will or an heir to his vast estate, and another man, called Samuel Ng'ang'a Ndirangu, claimed to be a stepson and demanded a portion of the estate.The administrators have 30 days to identify the beneficiaries and assets left by the tycoon. The family members can now look forward to sharing in their uncle's vast wealth, giving them a financial boost for years to come.
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20 Cousins to Share Late Uncle's Vast Wealth in Kenya
17:33 15.04.2023 (Updated: 22:59 15.04.2023) Muhammad Nooh Osman
Writer/Editor
A wealthy Kenyan businessman, Kariu Nyange, passed away in 2003 without a will or heir to his vast estate. The estate includes various assets such as a sawmill, commercial buildings, shares in banks and companies, and hundreds of acres of land in Njoro town, Rare, Lanet, and Mau, as well as prime plots in Nakuru city, Gilgil, and Njoro towns.
The estate of Kariu Nyange, a wealthy late businessman in the Kenyan city of Njoro, will now be divided equally among his 20 nephews and nieces after a lengthy family court case in Nakuru, the local media reported.
Initially, four of his nephews applied for letters of administration, which were granted in 2016. However, trouble arose during the
confirmation stage of the grant, when they disagreed on the mode of distribution of the estate, which includes a sawmill, hundreds of acres of land, prime plots in various towns, shares in banks and companies, and commercial buildings.
One of the nephews, namely John Wanyange, argued that he deserved a higher priority due to his deceased mother's previous relationship with Nyange, who passed away in 2003 without a will or an heir to his vast estate, and another man, called Samuel Ng'ang'a Ndirangu, claimed to be a stepson and demanded a portion of the estate.
The court ultimately ruled in favor of equal distribution equally among his 20 nephews and nieces, emphasizing that Nyange was not married and that his generosity towards his siblings was purely philanthropic and "in line with African socialism," where one carried the responsibilities of his siblings in the event of death or such other tragedy.
The administrators have 30 days to identify the beneficiaries and assets left by the tycoon. The family members can now look forward to sharing in their uncle's vast wealth, giving them a financial boost for years to come.
