PAINFUL as An Old WIDOW LOSES BILLIONS WITHIN MINUTES, Here is What Happened

Follow
Listen to Article Listen to this article read aloud

Audio uses the voice available in your browser or device.

 

 

 Margaret Wyrim Magugg, the widow of former Treasury Secretary Arthur Magugg, was left in shock at her home in Ridgeway on May 3. 

 Mr Maggu is in dispute with his Karura Investments Ltd, a private company, over ownership of his 82.4-hectare land in Mutaiga, a suburb of Nairobi. 

 The investigation of the transaction, which he completed in just three hours, including the disposition, transfer, division, valuation, stamp duty assessment, payment and new ownership of his 17 billion shilling property, is far from complete. . . 

 Last month, the Department of Criminal Investigation (DCI) turned the controversy around by calling Land Service officials sound alarm bells. 

 A story dating back to 1993 seems to have split the DCI. That's because recent developments contradict an investigation that concluded the deal was questionable. After Maggu passed away in September 2012, his family began the inheritance process. He bought several properties in his life but never wrote his will. 

 This poses a problem in identifying the actual owner of the late minister's property.

More Articles by This Writer

Support the Writer

Enjoyed this article? You can support the writer with a voluntary donation.

Your donation supports Otiso Fred

Minimum donation: $2.00   •   90% of the donation is allocated to the writer after the LodPost commission.

Comments

You must be logged in to post a comment.

About Author

0 Followers
0 Following
10 Articles
1 Likes