In June 2016 Canadian Financial post and the standard reported that Jacob Juma was a director of a Canadian company, Pacific Wildcat whose license to explore $2 billion dollar worth of minerals in Kwale, Kenya was cancelled just after Jubilee government took over. This cancellation led Jacob Juma to call a press conference where he claimed that then Mining minister Najib Balala was demanding a bribe to have the cancelled license re-issued to the company. This cancellation led Jacob Juma into personal financial ruin, it was reported he was routinely borrowing money and became a fierce government critic after he felt shortchanged out of the mining license that eventually caused his company to lose money. According to a different company official of the same Canadian company, Ruto and Balala demanded transfer of the mining company's license to a new company with the kenyan government to receive a 50% stake in the new company for free. This eventually led Jacob Juma to become fiercely critical of Ruto and the Jubilee government in tweets, media interviews, court filings and political correspondence with opposition figures as well as diplomatic missions in kenya. It later emerged Jacob Juma had promised the board of the Canadian company Pacific Wildcat that he would fight bureaucratic delays as well as corruption that would stand in the way of getting the mining license. A high court ruling in kenya found that the Mining minister was right to cancel the license of the Canadian company.