BusinessRelationships

Bob Collymore’s Widow Wambui Barred From Managing Estate Until Children Give Consent.

0
Bob Collymore’s Widow Wambui Barred From Managing Estate Until Children Give Consent. Photo Courtesy

Court Temporarily Bars Widow Wambui from Managing Estate Until Children Give Consent.

Former Safaricom CEO Bob Collymore’s widow Wambui Kamiru will have to wait longer to know whether she will be granted letters to solely manage her husband’s property.

This comes after 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 Tuesday, July 6, session, Justice Maureen Odero adjourned Wambui’s application to July 29, to wait for Collymore’s children to travel to Kenya before presiding over the case again.

The tycoon’s children from his previous marriage, James Collymore and Sarah Collymore, live in the United Kingdom.

Bob Collymore’s Widow Wambui Barred From Managing Estate Until Children Give Consent. Photo Courtesy

Succession process

The Guyanese born Briton left two wills, one in Kenya and another outside the country which has not been made public. The wills were to take effect concurrently and independently of each other. Wishes captured in the first will show Wambui will inherit all the wealth estimated at hundreds of millions of shillings that he had acquired in Kenya before his demise.

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 case James and Sarah contest, the case will first be flagged for mediation in a bid to settle the matter out of court. If not settled, then the case will be handed to the judge who will subsequently hear the opposition.

Collymore’s Networth

The late Collymore had in 2015 declared his Kenyan wealth as assets worth KSh 287 million. The assets were spread out in cash, real estate, cars and shares in various companies. Collymore’s wealth would be split between three entities. His son and daughter would take 40% of his wealth each. Wambui’s children would get 20% of the wealth but only after attaining the age of 18, and in equal shares.

As the Collymore family has largely kept its affairs private, there is no indication as to whether James and Sarah are likely to support or oppose the will filed in court. Safaricom’s Bob Collymore and his fiancee Wambui married in April 2016 in a simple wedding ceremony that was attended by a few invited guests.

Felicity Gitonga

‘I’m the father,’ Senate Speaker Lusaka admits after woman sues him for Ksh.25M.

Previous article

Sad… Mombasa Man Sets Woman Ablaze With Paraffin.

Next article

More in Business

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *