I lost Sh11 million life savings and earned it back in 6 months - Oscar Sudi

Oscar Sudi blames himself for losing money to wash-wash con men

Kapseret MP Oscar Sudi

Kapseret Member of Parliament Oscar Sudi has narrated how he lost his life savings of Sh11 million to con men.

Speaking during a recent interview with Dr King’ori, Sudi said he fell victim to the wash-wash business, blaming greed for the loss.

I was conned out of all that money but I don’t blame the fraudsters because I was greedy. If you see anyone who has been conned it is because they were greedy and wanted to get rich quick,” the MP said.

He added that because he had learned how to do business, he was able to recover the Sh11 million loss in 6 months.

That is why I tell people to never lose hope in life. That’s why we are losing very many young people who are frustrated after finishing school. When you lose hope you can’t recover,” Sudi said.

How Sudi got into business.

The Kapseret MP said that he sacrificed luxury to save Sh21,000 for a whole year. He then met a resident who had a large tract of land lying idle and asked if he can use it to farm.

The proceeds from the 7-acre farm earned Sudi more than Sh120,000 after a year. With the money, Sudi invested in his friend’s transport business that handled fuel.

The business was lucrative since the petrol stations at the time were few and far from each other.

Sudi then bought his first matatu from the proceeds of the transport business. After a while, he bought 24 pool tables and stationed them in different urban centres in Eldoret.

Every pool table would bring in Sh1,000 to Sh2,000 a day. The more the players perfected their skill the faster the games would end adding to the total number of games played in a day.

Sudi would also charge people to pick their cars from Mombasa and leaned the business of clearing and forwarding.

“I also met a friend who was selling land and I joined him in the business and together we sold land to prominent people which pushed me to another level,” the MP narrated.

Oscar Sudi’s family

The MP met his wife in the village after his first girlfriend left him for a man who was well off.

“I would have married her but after she left for college she met someone who was better than me. I married my second girlfriend. I am 40 years old and one of my children is in London University,” he said.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Gladys Wanga issues orders after KCSE candidate died while delivering newborn

Gladys Wanga issues orders after KCSE candidate died while delivering newborn

City Hall reveals number of bar owners arrested after warning on noise pollution

City Hall reveals number of bar owners arrested after warning on noise pollution

Sakaja kicks out matatus plying these routes from Nairobi CBD [List]

Sakaja kicks out matatus plying these routes from Nairobi CBD [List]

DP Gachagua under fire for splashing Sh900,000 cash on student parties

DP Gachagua under fire for splashing Sh900,000 cash on student parties

DCI officers raid Nairobi alcohol distillery as staff flee & leave machines running

DCI officers raid Nairobi alcohol distillery as staff flee & leave machines running

Interior CS Kindiki warns criminals in his impromptu CBD visit

Interior CS Kindiki warns criminals in his impromptu CBD visit

Details of Nairobi-wide crackdown which started on Sunday night

Details of Nairobi-wide crackdown which started on Sunday night

How did Evangelist Ezekiel manage to fill Kasarani Stadium single-handedly?

How did Evangelist Ezekiel manage to fill Kasarani Stadium single-handedly?

Why KOT is impressed with President Ruto's daughter Charlene

Why KOT is impressed with President Ruto's daughter Charlene