Saturday, April 20, 2024

Wambui Kamiru’s court victory on late Bob’s multi-million wealth

Bob Collymore Will: Two years after the death of Bob Collymore, Wambui Kamiru has finally gotten the green light to manage his wealth. Collymore, who was the Safaricom chief executive officer at the time of his death, left all his wealth to Ms. Wambui.

Wambui will no be responsible for assets and wealth running into hundreds of millions. This is after the High Court gave her temporary permission to manage the wealth. In July 2021, the High Court pushed forward the succession case filed by her after it learned that Collymore’s two children could not take part in the process. In the succession process under Kenyan laws, Collymore’s children will be required to confirm that they are not opposed to how the deceased decided to have his possessions distributed.

In 2015, Collymore had declared his Kenyan wealth as assets worth Sh. 287 million.

In wishes captured in his final will, Collymore appointed State House Chief of Staff Nzioka Waita as an alternate executor of his will should anything happen to Wambui. Collymore married Wambui in April 2016 but died three years into the marriage in July 2019.

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Collymore left two wills, one in Kenya and another outside the country. The two wills, he said, will take effect concurrently and independently of each other. The Kenyan one was drawn by Kaplan & Stratton in Nairobi and witnessed by Sitoyo Lopokoiyit and Charles Wanjohi.

In a scenario where Nzioka was the sole trustee, Collymore’s wealth in Kenya would be split between three entities. Collymore’s son by his previous marriage James Collymore of UK would take 40 per cent of his wealth while his daughter Sarah Collymore, similarly of UK, would get an equal share of the estate.

Wambui’s children would get 20 per cent of the wealth but only after attaining the age of 18, and in equal shares. If the trusts fail for whatever reason in this second scenario, Nzioka as the sole trustee shall hold the wealth in trust capacity for education and maintenance of Collymore estate.

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