Share this
Tycoon Loses Ksh10B Nairobi Land in Tussle With Joho
A Nairobi businessman lost a Ksh 10 billion parcel of land in a row pitting him against the Kenya Posts and Telecommunication Corporation (KPTC) and Aftraco Limited, a company linked to Mombasa Governor Hassan Joho.
In the court ruling dated April 22, the judge ruled that an arbitrator was at fault for awarding the parcel to Exclusive Estates Limited (EEL), a firm belonging to tycoon Francis Mburu. The contested land is situated at Jamhuri Estate along Ngong Road in Nairobi.
The mediator and city lawyer Zehrabum Janmohamed – on Tuesday, October 10 – had awarded Mburu the land ruling that he had entered into a deal with KPTC to develop the land 30 years ago, thus making him the rightful owner.
Joho through his lawyers argued that the governor’s company had paid KPTC Ksh 152 million as a deposit for the land which was to be sold at Ksh 1.52 billion in 2011 hence making him the legal owner. Janmohamed, however, declared the sale between Aftraco and KPTC null and void.
After winning the case through the arbitrator, Mburu moved to court to enforce the award and to notify his case of the arbitrator’s decision. He was countered by the governor and KPTC which convinced the judge to overrule Janmohamed’s decision.
The judge stated that Mburu had been awarded the land which he hadn’t purchased. She further noted that the agreement between KPTC and Mburu failed to be executed.
