By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
sauce.co.kesauce.co.ke
  • Politics
  • Security
  • grapevine
  • Business
  • Entertainment
  • Lifestyle
  • Tech
  • Sports
  • World
  • Media
  • Indepth
  • Sports
Reading: Sportpesa billionaire Paul Ndungu’s properties put up for auction
Share
Notification Show More
Latest News
Diana: I make more money than Bahati, wealthier men wanted to marry me
33 mins ago
GOAT Eliud Kipchoge wins his fifth Berlin Marathon, sets new record
2 hours ago
“I am homeless and in debt,” former Citizen TV journalist Kimani Mbugua cries for help
2 hours ago
Court orders TUKO to pay former employee Sh853k for wrongful termination
2 hours ago
“We will not fold,” Speaker Amason Kingi’s party tells UDA
3 hours ago
Aa
sauce.co.kesauce.co.ke
Aa
  • Politics
  • Security
  • grapevine
  • Business
  • Entertainment
  • Lifestyle
  • Tech
  • Sports
  • World
  • Media
  • Indepth
  • Sports
  • Politics
  • Security
  • grapevine
  • Business
  • Entertainment
  • Lifestyle
  • Tech
  • Sports
  • World
  • Media
  • Indepth
  • Sports
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 sauce.co.ke. All correspondence to be emailed to [email protected]. All Rights Reserved.
Business

Sportpesa billionaire Paul Ndungu’s properties put up for auction

Jessica Musika 7 months ago
Updated 2023/03/01 at 10:03 AM
Share
3 Min Read
SHARE

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.

“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. 

You Might Also Like

KPA denies privatization claims

Safaricom Raises M-Pesa Transaction Limit to Ksh. 250,000 After Central Bank Approval

Safaricom partners with Kenya Power to connect dusty Mararal town with fibre internet

DP Gachagua: Kenya on course to eradicate sleeping sickness

Kenya extends oil supply deal with three Gulf companies

Jessica Musika March 1, 2023
Share
Previous Article Carol Sonnie: I have no regrets dumping Mulamwah
Next Article Raila: Three conditions that Ruto must meet for me to talk to him

LATEST STORIES

  • Diana: I make more money than Bahati, wealthier men wanted to marry me
  • GOAT Eliud Kipchoge wins his fifth Berlin Marathon, sets new record
  • “I am homeless and in debt,” former Citizen TV journalist Kimani Mbugua cries for help
  • Court orders TUKO to pay former employee Sh853k for wrongful termination
  • “We will not fold,” Speaker Amason Kingi’s party tells UDA
  • PHOTOS: Gor Semelang’o holds extravagant party to celebrate friendship with lawyer Donald Kipkorir
  • Azimio spokesman Makau Mutua now wants Kioni kicked out of Bipartisan Talks
  • KPA denies privatization claims
  • Berlin Marathon – Eliud Kipchoge: ‘I am nervous but ready for the big task’
  • Kenya’s foreign exchange reserves plummet as shilling hits new low
about us

We influence 20 million users and is the number one business and technology news network on the planet.

Find Us on Socials

sauce.co.kesauce.co.ke
Follow US

© Sauce.co.ke | All rights reserved | Send queries to [email protected]

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?