Tuesday July 30, 2024 - Busia Senator Okiya Omtatah has exposed the late businessman Jacob Juma badly, revealing how he stole his notes to make billions in the mining industry.
Juma, who the Gen Zs are taking inspiration from to destabilize President Wiliam Ruto’s Government through protests, was propelled into fame when his newly formed mining company claimed a stake in the Ksh300 billion niobium mineral deposits in the Coast region.
An investigation by the Government of Kenya showed that a Canadian company had fraudulently obtained a licence to mine niobium worth Ksh 6.2 trillion with Juma’s local company getting Ksh300 billion of the share.
Juma claimed part of the fortune after alleging that his company had in 2008 drilled 7,897 metres in Mrima Hills which led to the discovery of the mineral plus other rare earth deposits.
However, Omtatah accused the late businessman, who was assassinated in 2016, of having been frugal with the truth.
“We are talking about Jacob Juma and the mining at the coast. What I want to tell you is that Jacob Juma found the information about it when he came into my office,” Omtatah stated during the X Space.
“He used to come and do some work in my office. So, he came into my office one time and got a small write-up on those minerals.”
In possession of the personal notes he took from Omtatah’s office, the businessman ostensibly hurriedly went and registered a prospecting company.
He then partnered with the Canadian firm and started the niobium mining project at Mrima Hills in Kwale County.
Niobium is a component in high-strength steel and rare earth and is used in the manufacture of electronics and magnets for electric motor vehicle motors.
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