Uhuru's cousin loses bid to stop takeover of 443-acre land in Thika

Ngengi Muigai filed 18 cases to avoid losing his 443-acre land over a Sh18 million loan

Ngengi Muigai

President Uhuru Kenyatta’s cousin lost yet another attempt to prevent a real estate company from taking over his 443-acre farm in Thika.

Muigai's application to prevent Bidii Kenya from occupying the land which it acquired at an auction was denied by Court of Appeal justices Roselyn Nambuye, Fatuma Sichale, and Sankale Ole Kantai.

The farm was auctioned 15 years ago after all the 18 cases he had filed to prevent a local bank from attaching the property were thrown out.

Muigai borrowed Sh18.6 million from a local bank through his Benjoh Amalgamated Ltd to start a coffee estate in 1988, with an eye on the lucrative export market.

He secured the financing by using land held by two of his businesses, Benjoh Amalgamated and Muiri Coffee Estates. Muiri Coffee Estates became a guarantor for Benjoh Amalgamated, the primary borrower.

After the businessman defaulted on the loan, the bank announced that it would auction the land but Muiruri obtained court orders barring the

When court restrictions prohibiting sale were lifted in 2007, the bank held an auction, with Bidii Kenya coming out on top with a Sh70 million bid.

Muigai submitted a public petition in the National Assembly in 2020, requesting that the auction and Bidii Kenya's purchase be revoked.

However, the National Assembly Finance Committee ruled that the bank followed due process while auctioning the land.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Cast mourns Olwenya Maina who died days before release of Netflix film [Video]

Cast mourns Olwenya Maina who died days before release of Netflix film [Video]

Kiswahili introduced in Uganda as an official language

Kiswahili introduced in Uganda as an official language

Uhuru describes 2022 drought as worst in 40 years

Uhuru describes 2022 drought as worst in 40 years

Man who hung on CS's chopper in Meru committed to Mathari

Man who hung on CS's chopper in Meru committed to Mathari

KNEC to release sample of national exam on July 15

KNEC to release sample of national exam on July 15

53 years after Tom Mboya's death: Interview with Tom Mboya's son

53 years after Tom Mboya's death: Interview with Tom Mboya's son

I was instructed by Moi to guide Uhuru into politics - Kositany

I was instructed by Moi to guide Uhuru into politics - Kositany

Isaac Mwaura claims to know who is funding Wajackoyah's campaign

Isaac Mwaura claims to know who is funding Wajackoyah's campaign

Khalwale ecstatic on welcoming granddaughter, calls her reincarnation of his 1st wife

Khalwale ecstatic on welcoming granddaughter, calls her reincarnation of his 1st wife