Court Dismisses Ayako Nyachae’s Case Over Simeon Nyachae Estate Management

Jukwaa

📻 Breaking It Down

In a ruling delivered by Justice Rose Oganyo, the court found that Ayako had failed to provide sufficient evidence to support allegations of fraud, mismanagement, or wastage of the estate by his co-executors, including his stepmother Grace Nyachae and stepbrother Leon Nyachae.

The dispute arose after the death of the former minister in 2021, when the majority of executors resolved that the estate would continue being managed by Sansora Group of Companies in accordance with the wishes outlined by the deceased.

Ayako opposed the arrangement, arguing that the continued management of the estate by Sansora and the collection of rental income from the deceased’s properties had been done unlawfully.

📌 What You Need to Know

Through his lawyers, Rachier & Omollo Advocates, he sought the removal of Grace Nyachae, Leon Nyachae, Angela Mochache and Eric Maina from the administration of the estate. He also wanted Ark Consultants Limited appointed as an independent manager.

However, Justice Oganyo ruled that the claims had not been substantiated.

The court noted that the majority executors had already presented audited financial statements prepared by HLB Cezam & Associates LLP, demonstrating accountability in the management of the estate.

“The existence of audited accounts and interest-bearing bank accounts shows that the executors are properly discharging their fiduciary responsibilities,” the judge ruled.

Justice Oganyo further observed that Ayako had not provided independent evidence proving that the estate had suffered financial loss or deterioration under the current management.

The court also declined to remove Sansora Group as estate manager, noting that the company had been appointed by Simeon Nyachae himself through a written agency agreement signed in 2015.

📰 Source: Capital FM Kenya

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