in

Governor Joho Loses Sh6 Billion Property To Billionaire Francis Mburu

joho loses property
Mombasa Governor Hassan Joho. [Courtesy]

Mombasa Governor Ali Hassan Joho has received a huge blow after losing property worth Sh6 billion in a court wrangle.

The property linked to Joho’s family firm was disputed by Billionaire Francis Mburu, who has been awarded the property as the legal owner.

The decision by an arbitrator Zehrabum Janmohamed, a Nairobi lawyer stated that the property, situated in Jamhuri Estate along Ngong Road in Nairobi, legally belongs to Exclusive Estates Limited (EEL), which is associated with Mr Mburu.

The decision also affected Aftraco Limited, which also claimed the land that was initially owned by the defunct Kenya Posts and Telecommunication Corporation (KPTC), currently Telkom Kenya.

Read : Companies Linked To Joho, Bundotich Among Those Illegally Allocated KRC Land In Machakos

According to the details of the ruling, the trader did not purchase the plot. However, he was handed the land on the deal orchestrated by the state three decades ago where he was to develop the property. He therefore was awarded the legitimate claim to the land.

“It’s declared that the Deed of Assignment dated 15th January 2009 between Postel Housing and Exclusive Homes and the decree issued in this regards on 22nd January 2009 are valid and binding on this tribunal,” stated Janmohamed

The same trader had been in controversial cases regarding lands, with the most famous one being the Ruaraka Land Saga that is still under investigations with the Ethics and Anti Corruption Commission (EACC).

Read Also:FlexiAir Threatens To Sue Joho, Kirinyaga Women Rep Ngirici Over Ksh6 Million Debt

The property has been embroiled in court cases, with Janmohamed appointed as the sole arbitrator in May 11, 2011 by Justice Muga Apondi.

Joho’s family firm entered the deal to buy the entire parcel of land in 2011 at Sh 1.52 billion, with Sh152 million payments already made.

Email your news TIPS to news@kahawatungu.com or WhatsApp +254708677607. You can also find us on Telegram through www.t.me/kahawatungu

Written by Mercy Auma

Passionate about human interest stories and politics. Email news@kahawatungu.com

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Marathon Legend Eliud Kipchoge Arrives Back Home Aboard KQ Flight [Photos]

zari hassan

Zari’s Catty Comment After Fan Implied Diamond Was Taken From Her