Court blocks sale of Tatu City land
The High Court has blocked the sale and transfer of more than 2,000 acres of Tatu City prime real estate worth Ksh.5.3 billion.
In his ruling, High Court Judge Francis Tuiyot ruled that it was in the interest of all the warring parties to preserve the properties in Kiambu County which are at the centre of an acrimonious fall-out between the foreign and local partners.
The sanctions – first imposed against the group allied to former Central Bank of Kenya Governor Nahashon Nyagah and industrialist Vimal Shah on May 12, 2015 – will remain in force pending the outcome of the suit.
The international investors have accused their Kenyan minority partners of attempting to alienate and sell the land to interested parties in a deliberate attempt to swindle them before the ownership dispute is heard and determined.
The matter will be heard on March 1 next year.
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