Friday, May 3, 2024

Sportpesa tycoon at the centre of Sh. 5.3 billion health scandal

“I wish to clarify that I purchased one thousand (1000) shares for valuable consideration in the capital of ESTAMA INVESTMENTS LIMITED pursuant to a written Sale Agreement dated January 28, 2015 from the then shareh olders AMBROSE MAKANGA NGARI and ESTHER WAHITO MAKANGA and that the Vendors of those shares are no longer shareholders or directors of that company since the said sale of their shares to myself. I therefore confirm that the said AMBROSE MAKANGA NGARI and ESTHER WAHITO MAKANGA no longer have any legal or beneficial interest in the company since the 28th January 2015,” the statement read in part.

“I want to state very clearly that the contract awarded to my firm was fulfilled to the expectations according to the contractual agreements. I also paid the relevant taxes in that regard. The documents or any other detail of this contract are available for inspection,” said Makanga

“I also wish to categorically state that all the company’s dealings with the Ministry of Health since I acquired the shares have been above board and the alleged ‘scam’ cited by your reporter and editors is a figment of their fertile imagination without any iota of truth,” Makanga said in a statement. Cooperative Bank of Kenya which was also found to have been paid more than Sh265 million, yesterday said the transaction related to letters of credit granted to the ministry.

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