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As an entire nation catches its breathe following the horrifying rumours during the weekend that former Attorney General Charles Njonjo had died, it’s now emerging that behind the sick rumours was a complicated mix of envy, greed and manipulation of share prices at the Nairobi Securities Exchange. It’s claimed that former Nairobi governor Mike Sonko was simply used as a clueless pawn in a complicated chessboard by powerful figures to spread the fake news of Njonjo’s death, and cause a disruption in share prices. It was reportedly a complex plot that even finally involved Jeff Koinange, Njonjo’s family friend and Salim Lone, Raila’s former aide. Njonjo happens to be one of the bourse’s biggest shareholders, holding stock in a myriad of blue-chip companies.
Kenyans woke to the disturbing news on Saturday that they had lost one of their oldest statesmen, Charles Njonjo. Later, as the rumours were dispelled, The Standard reported that,
“In a text message to a senior journalist at Citizen TV as seen by The Standard on Sunday, October 10, the 101-year-old former cabinet member termed the rumours as great exaggeration adding, he was enjoying his weekend.”
It is alleged that the senior journalist was actually Jeff Koinange whose family and the Njonjos are close family friends.
A financial analyst with a leading firm speaking on condition of anonymity disclosed to this writer that it all began with the Nairobi Securities Exchange announcement on Friday that they would be closed up to Monday in order to commemorate Utamaduni Day.
In commemoration of this year’s Utamaduni Day, the NSE will be closed on Monday 11th October 2021
It is further alleged that a plan was then hatched to manipulate share prices during that lengthy window by spreading news of the death of Njonjo who owns a range of companies and shares, from CFC to CMC Motors.
Former Nairobi governor Mike Sonko who was instrumental in spreading the fake news later on apologised, but not before throwing Raila Odinga’s former Communication’s Director under the bus. Sonko claimed that is was Salim Lone who misled him. Whether Lone was part of the diabolical plan can’t be established.
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Charles NjonjoFormer Nairobi Governor Mike SonkoNSERaila OdingaSalim Lone