Michael Olunga’s Ksh 67 Million Real Estate Nightmare: How the Football Star Reclaimed His Money

Footballer Michael Olunga and Fiancée Grace Edith Akinyi Nearly Fall Victim to Real Estate Scam

Kenyan international football star Michael Olunga and his fiancée, Grace Edith Akinyi, recently faced a harrowing experience that could have cost them Ksh 67,292,500. The couple, drawn by the prospect of investing in commercial land in Nairobi, found themselves entangled in a potential mega scam involving a real estate firm.

The land, registered under LR No. 3734/423, was being sold by Captain Real Estate Company. Olunga and his fiancée completed the transaction, making payments in installments directly to the company’s bank account at Nairobi Riverside Platinum Branch after signing the sale agreement in April 2022. By September of the same year, the full amount had been paid.

However, their excitement quickly turned into frustration when the company refused to transfer ownership of the property. Olunga revealed that the firm had continued to make empty promises and, shockingly, had advertised and sold the same property to a third party.

“The company refused to honour its end of the bargain to affect the transfer of the property to Grace Akinyi and myself. They have been consistently treating us to false promises, only to realize that they had sold it to a third party,” Olunga said in his affidavit.

Despite repeated demands for a refund, the real estate firm allegedly ignored all requests. According to Olunga, their lawyer intervened, sending formal letters to the company, but the payments remained in the company’s possession while they continued to use the property at Olunga’s expense.

After months of legal back-and-forth, a breakthrough came in March 2023 when the footballer and the company reached an out-of-court settlement. Olunga was finally able to recover his hard-earned money, bringing the stressful ordeal to an end.

This incident serves as a cautionary tale about the risks of real estate investments, even for high-profile individuals. It highlights the importance of due diligence and legal protection when dealing with property transactions in Kenya.