During an interview, Esther Njihia, a former millionaire and successful businesswoman from Nakuru, shared the story of how she lost all her wealth within a month and ended up hawking porridge on the streets.
Esther had conducted business with prominent people in the country and imported various goods, such as vehicles, furniture, photocopier machines, and building materials, which she sold for millions of shillings. She was a well-known millionaire in Nakuru.
However, she decided to expand her business to Nairobi and sold her home in Nakuru to buy a Ksh.40 million mansion in Nairobi. After completing the purchase, she discovered that the property was registered under five individuals, resulting in a loss of Ksh.40 million.
To compound her financial woes, a female friend introduced her to a business opportunity that promised high returns. Esther invested Ksh.11.4 million in the venture but never received any returns.
Within a month, Esther lost all her wealth and decided to become a street hawker, selling porridge to make ends meet. Despite her hopes that the invested money would come back, she has never received any returns.
In summary, Esther Njihia’s story is a cautionary tale of how quickly one can lose their fortune and highlights the importance of conducting thorough due diligence before investing in any business opportunity.
