SK Macharia Estate: Media mogul SK Macharia and his grandson Adam Kamau Macharia are in a bitter fight over Sh. 1.2 billion property. The fight has now escalated to the courts where Kamau is seeking to stop his administrator grandfather from evicting him from their Loresho home.
In court papers, Kamau says that he is the only grandson of Macharia’s son, John Gichia Macharia, who died in a road accident in 2018. Gichia was until his death the Executive Director of Direct Line, an insurance company. He succumbed to injuries sustained from a road accident along the Southern bypass. Gichia passed on at the Karen Hospital in Nairobi where he had been rushed to.
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Kamau claims that SK Macharia has taken full control of the business and all the affairs of the entities without consulting or informing him or any family members. “There is an imminent risk of his grandfather through third parties evicting him and his mother from the said house,” court papers read. “The grant of letters of administration was issued on April 5 2019, to Dr Samuel Kamau Macharia and Serah Njeri Macharia, being the parents of the deceased. But it is on record that Serah had filed a notice of withdrawal, hence, the risk of leaving only one administrator of the state to SK Macharia who is not a dependent of the estate herein.”
A report that appeared in the Nairobi Law Monthly said that “at stake is a Sh. 389 million life insurance, a pension payout whose beneficiary is the grandson, Adam Kamau Macharia as per the deceased father’s wish, and a multi-million estate left behind by Gichia.”
Kamau also said that he is “the heir of his late father’s property which include 600,000 shares in AKM Investments Ltd that owns Kyuna estate L.R No. 209/7799, Mugumo Estate L.R. No. 7752/258, Kibarage estate L.R No 7752/258, 3.7 million shares in DirectLine Assurance Limited, 500 shares in Serenity Media Productions, 350 shares in Big Five Conservancy Limited, 500 shares in Bushfire Media Distributors, as well as shares in Big Five Lotto, Toi Development Limited and Harbour Capital Limited.”
