Former Kiambaa legislator-cum-multibillionaire businessman Stanley Githunguri is dead.
Preliminary reports show the longtime ailing tycoon breathed his last while undergoing treatment in hospital where he has been admitted.
He died at the age of 77.
In a condolence message, the incumbent Kiambaa MP John Kawanjiku mourned the former lawmaker and his predecessor as a dependable leader whose undivided focus was the unity and progress of the country.
“I interacted with Githunguri as a young man, he was a dedicated leader who was committed to the welfare of his people.” Kawanjiku said.
During the reign of Kenya’s second president the late Daniel Arap Moi, Githunguri served as the Chief Executive Officer (CEO) of National Bank of Kenya.
Besides amassing vast wealth in various sectors in stocks, real estate and agriculture, Githunguri also owns the towering but now struggling Nairobi Safari Club, Lilian Towers that is currently subject of controversy amongst his dependents located along Koinange Street and University Way within the Nairobi Central Business District.
The ensuing tussle has been blamed for the almost collapsing multi-billion venture that has since seen the Nairibi Safric Club Annex subsidiary and carwash ran down to a total closure.
The ensuing property tussle involves her daughters Lilian Ngagaki and Lilian Wanjiru who had said in court that their now late father suffered from dementia, blood pressure, and diabetes and he had also undergone a kidney transplant.
The late Githunguri ventured into politics in 2007 capturing the Kiambaa constituency seat then held by a former cabinet minister and businessman the late Njenga Karume.
He served as a member of parliament from 2007 to 2013.
In 2013, he vied for the Kiambu senatorial seat but lost to former Senator Mr Kimani Wamatangi.
After losing to Wamatangi, Githunguri settled for a quiet life in business away from the public domain.
The late tycoon also owns Ridgeways Mall along Kiambu Road and other properties in Ruiru and Kiambu Sub counties.