A London court docket has delivered a decisive blow to former SportPesa chair Paul Wanderi Ndung’u, dismissing his high-profile lawsuit alleging fraud and unlawful share dilution inside SportPesa World Holdings Restricted (SPGHL).
The Dispute: The ruling resolves a bitter company dispute over the possession of the betting large, validating the monetary maneuvers the corporate took to outlive a disaster interval and rejecting claims of a boardroom conspiracy.
The Numbers: Ndung’u sued SPGHL administrators, together with Guerassim Nikolov and Gene Grand—claiming they orchestrated a scheme to slash his stake from 17% to 0.8% between 2019 and 2022.
He alleged forgery, conspiracy, and oppressive administration designed to push him out.
The decision: In an in depth 190-page judgment delivered on Nov. 18, 2025, Justice Edwin Johnson discovered zero proof to assist Ndung’u’s claims.
No conspiracy: The court docket dominated the share allotments have been lawful and essential to hold the corporate afloat throughout monetary turbulence attributable to tax disputes with its Kenyan arm, Pevans East Africa.
No forgery: Allegations of falsified paperwork have been rejected point-by-point.
No worth misplaced: The decide famous that even when Ndung’u had confirmed wrongdoing, his shares had “no measurable worth” through the contested interval as a result of firm’s misery, which means no compensation was due.
Their Phrases: SportPesa administrators welcomed the “Ndung’u v SPG Restricted” ruling, aiming to maneuver previous the litigation.
“We’re delighted with this resolution… We all the time knew that we acted legally and correctly always, and this judgment confirms that.” SportPesa Administrators
No Proof: The court docket discovered no proof of deliberate exclusion or misconduct, ruling the capital injections have been purely for survival, not sabotage.
What’s subsequent: With the authorized problem dismissed in its entirety, SportPesa says it’s now centered on “future progress and enlargement.”
