A number of properties belonging to billionaire entrepreneur and SportPesa shareholder Paul Wanderi Ndung’u have been listed for auction.
This includes prime residential property in Gigiri, Nairobi as well as farms in Laikipia.
According to a notice issues by Garam Auctioneers, an office block sitting on 2.8 acres in the diplomatic hub near the United Nations office belonging to the billionaire will go under the hammer on March 24.
The two-storey four-bedroom Gigiri house serves as an office and also includes a single-storey servant’s quarter block, carport and external kitchen.
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“All that parcel of land known as L.R. No. 7258/52 (I.R. No.22387) Gigiri Estate, Nairobi City registered in the name of Paul Wanderi Ndung’u g/t Simba Fresh Produce Limited,” the notice confirmed.
Also set to be auctioned are three adjacent commercial farms in Solio Ranch, Laikipia associated with Simba Fresh Produce.
“All those parcels of land known as L.R. Nos. 11571/42 (I.R. 113227/8); 11571/43 (I.R. 113227/9), and 11571/44 (I.R. 113227/10) Simba Fresh Produce Farm, Solio Ranch, Laikipia County registered in the name of Homes and Commercial Holdings Limited g/t Simba Fresh Produce Limited,” Garam noted.
The 600-acre parcel grows fresh vegetables, avocados, sorghum and fodder grass. It also includes an administration block and pack house, permanent store – inputs, workers’ quarters, semi-permanent store, garage shed, filed ablution blocks, and animal closures. Other infrastructures include boreholes, pump houses, solar panels stand, water towers, field holding sheds, and two dams.
The auctioning of Ndungu’s property comes amidst a protracted battle between him and his former co directors at Sport Pesa over the control of the betting firm.
SportPesa had been operating through Pevans East Africa before it was rocked with battles with the Betting Control and Licensing Board and tax-related cases in Kenya.
The CEO Ronald Karauri and the other directors worked on a revival and comeback beginning in June 2020 under a new company named Milestone Games Limited (but retained the trade name SportPesa) leaving the two directors out.
The billionaire responded to this move in court papers saying,
“My removal as a director now means that only Ivaylo Bozoukov and Kalina Karadzhova are the directors of SPGHL where they made a fraudulent and unprocedural transfer of SportPesa trade name.”
SportPesa is currently operational after acquiring court orders to suspend the cancellation of its operating license albeit temporary.