Rwandan Investor Muhinyuza Is The Owner Of 400 M StayOnline Kenya Ltd-Gvt Says

He described to the Court how he was meant to believe that businessman Koome Kirimi is from a rich family who was well connected with powerful people in the Government and how he could help him register his company in Kenya.

Today the Rwandan based Investor to Kenya, Desire Muhinyuza has informed High Court in Nairobi that Kirimi Koome never contributed a single cent in the Ksh 400 million Stay Online money frozen by the Court.

He described to the Court how he was meant to believe that businessman Koome Kirimi is from a rich family who was well connected with powerful people in the Government and how he could help him register his company in Kenya.

Desire Muhinyuza read before Justice Mabeya a conversation between him and Patrick Kakuba and said that he was told Koome can help him meet VIPs and was a businessman with interests from hotels, roads and real estate.

According to his lawyer, as a foreigner, the legal regime initially could not allow him to register the company. Hence, he had to entrust Kirimi Koome to do the registration on trust that upon the registration it would be the basis for him to get status in the Country and proceed with his Company.

Desire Muhiyunza, who according to court documents is the rightful beneficiary of stay online limited, provided all the financial input to breath life to stay online company.

However, when Muhiyunza got immigration status to Kenya, Kirimi Koome willingly resigned and was paid consideration to his resignation.

It is Desire’s submission that pursuant to Koome’s resignation and compensation, in an attempt to stump authority, Koome started frustrating him.

The dispute escalated to the company registry and and later proceeded to the High Court.

Muhinyuza aggrieved that Koome deliberately and illegally shut him out as the Legal beneficiary and owner of stay online company moved to the High Court to prove that Stay Online is an international company with brunches in Canada, Estonian, Rwanda, Uganda and Kenya.

Muhinyuza informed the Court that the operational money frozen by the court flows from all the other international brunches to the Rwanda brunch where he is a citizen.

He also demonstrated before the court that at the time of Stay online Company registration, Kirimi Koome failed to disclose the beneficial owner of the company.

Muhinyuza informed Court that the Ksh 400 million frozen by the court belongs to international merchants.