FRM2011 wrote:Its highly unlikely. Mr. F.T. Nyammo, is still one of the wealthiest Kenyans. Sometimes last year had 60 units for sale in Karen. The price per unit was kes. 50mn. Do the maths.
He was the CEO of NBK before Stanley githunguri and Kenya Re after that. He was the developer behind the Ngummo estate jointly with Kanja(Galleria mall).
Sorry he was my MP for 5 years and I had briefly worked for him.
Downside, he is the most egocentric and narcissistic individual you will ever meet. Chances are he told off the bank officials with a few four-letter words.
Francis Nyammo, the proprietor and chancellor of the college, on Monday confirmed plans to auction the property but said the institution would resolve the matter with the aggrieved creditors by close of day.
“We had a slip up in the servicing of a facility with a bank triggering the auction threat, but that will be resolved by close of day today (Monday).
No wonder the above statement from him!
Seems the building is finally going to be sold and renamed MKU.
http://www.businessdaily...2/-/l4sytqz/-/index.html