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