Bob Collymore's Widow Wambui Kamiru to Wait Longer for Court to Clear Her to Manage His Wealth

Bob Collymore's Widow Wambui Kamiru to Wait Longer for Court to Clear Her to Manage His Wealth

The case on the distribution of the estate left behind by former Safaricom CEO Bob Collymore has been pushed to July 29th.

This comes after family court judge Maureen Odero learned that Collymore’s children could not participate as they were in the UK.
The judge directed that the matter be placed before her on July 29th when Collymore’s widow Wambui Kamiru and his children who live in the UK will confirm that they are not opposed to how the deceased shared out his wealth.

Collymore, who died of cancer in July 2019, bequeathed all his wealth in Kenya to his wife Wambui Kamiru and appointed State House Chief of Staff Nzioka Waita as an alternate executor of his will should anything happen to Wambui, who he married in 2016.

Collymore had in 2015 declared his wealth in Kenya as assets valued at Sh287 million.

“I give, devise and bequeath all my estate, real and personal, immovable and movable whatsoever and wheresoever situated to my wife for her own use and benefit absolutely,” clause 3 of the Will dated April 18th, 2018 reads.

The will applies only to his wealth in Kenya and mentions another will of his fortune abroad. The will of his Kenyan wealth was drafted by Kaplan & Stratton Advocates in Nairobi and witnessed by two Safaricom executives—Sitoyo Lopokoiyit (Chief Finance Officer) and Charles Wanjohi (Director of Consumer Business Unit).

In Wambui’s absence, the will requires Waita, who is the sole trustee, to share Collymore’s wealth among three entities, including his two children from his previous marriages.

James Collymore, his son who lives in the UK will have a 40 percent share while his daughter, Sarah Collymore also based in the UK will equally get 40 percent. The remaining 20 percent will be shared equally among Wambui’s kids upon attaining the age of 18.

The will states that should the second scenario fail, Nzioka will assume absolute right as a trustee to hold the wealth in trust capacity for education and maintenance of Collymore’s estate.

In 2015, Collymore had also declared that he owned a Sh54 million residential house in London, held Sh18.3 million worth of shares in Safaricom, and Vodafone PLC shares worth Sh88.7 million. Collymore in the will declared that his estate is insured against risks using “reputable insurance companies.”

 

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