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LR 7879/4 - The Movie
hardwood
#61 Posted : Wednesday, July 25, 2018 8:54:33 PM
Rank: Elder


Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
Ma vulture are circling...

Quote:
Details have emerged of how Moses Mungai impersonated spy master chief Philip Kameru in dealings with Ruaraka land owner Francis Mburu.
Mburu and Mungai recorded statements with Flying Squad officers on Wednesday.
Officers found a pistol and an ID stating Mungai works for the National Intelligence Service.
Police said Mburu told investigators that Mungai demanded Sh10 million to help him sort out the Ruaraka land case.
The land owner was released and asked to report to the DCI on Thursday morning while the impersonator remained in police custody.
murchr
#62 Posted : Wednesday, July 25, 2018 8:56:33 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
hardwood wrote:
murchr wrote:
Those in the mortgage world can explain to us earthlings how things go in such situations

Quote:
The other jinx was that shortly after Mr Mburu mortgaged his land to Continental Credit Finance Ltd, it went under and was put under receivership. This forced the Kenya Posts and Telecommunication (KPTC) to secure a second mortgage of Sh165 million against the title to complete the stalled housing project.

Interestingly, also experienced financial hiccups on this land and out of the planned 500 units only, 196 houses were completed. It is these houses which were taken over by the GSU and which Mr Mburu sought and got compensation.

Apparently, even though the ministry paid Sh64 million to KPTC, it never got the title to the land which remained in the name of both Afrison and Hueland.



If I take a loan at Equity using the title deed of my kaploti hapo kitengela and then the bank collapses it doesn't mean that I will automatically lose my land. If a bank collapses that is their problem, not my problem.


Tell us what law you are quoting broda...
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
hardwood
#63 Posted : Wednesday, July 25, 2018 9:05:57 PM
Rank: Elder


Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
murchr wrote:
hardwood wrote:
murchr wrote:
Those in the mortgage world can explain to us earthlings how things go in such situations

Quote:
The other jinx was that shortly after Mr Mburu mortgaged his land to Continental Credit Finance Ltd, it went under and was put under receivership. This forced the Kenya Posts and Telecommunication (KPTC) to secure a second mortgage of Sh165 million against the title to complete the stalled housing project.

Interestingly, also experienced financial hiccups on this land and out of the planned 500 units only, 196 houses were completed. It is these houses which were taken over by the GSU and which Mr Mburu sought and got compensation.

Apparently, even though the ministry paid Sh64 million to KPTC, it never got the title to the land which remained in the name of both Afrison and Hueland.



If I take a loan at Equity using the title deed of my kaploti hapo kitengela and then the bank collapses it doesn't mean that I will automatically lose my land. If a bank collapses that is their problem, not my problem.


Tell us what law you are quoting broda...


So according to you if equity collapses all companies that had loans at the bank also automatically collapse and securities deposited become public property?
hardwood
#64 Posted : Wednesday, July 25, 2018 9:23:58 PM
Rank: Elder


Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
Citizen news 9pm: National Land Commission (NLC) says that the ruaraka land scandal is a creation of the media. The land belomgs to Mburu. Elsewhere the DPP asks anyone with any other information regarding the land to record statements.
murchr
#65 Posted : Wednesday, July 25, 2018 10:09:23 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
hardwood wrote:
murchr wrote:
hardwood wrote:
murchr wrote:
Those in the mortgage world can explain to us earthlings how things go in such situations

Quote:
The other jinx was that shortly after Mr Mburu mortgaged his land to Continental Credit Finance Ltd, it went under and was put under receivership. This forced the Kenya Posts and Telecommunication (KPTC) to secure a second mortgage of Sh165 million against the title to complete the stalled housing project.

Interestingly, also experienced financial hiccups on this land and out of the planned 500 units only, 196 houses were completed. It is these houses which were taken over by the GSU and which Mr Mburu sought and got compensation.

Apparently, even though the ministry paid Sh64 million to KPTC, it never got the title to the land which remained in the name of both Afrison and Hueland.



If I take a loan at Equity using the title deed of my kaploti hapo kitengela and then the bank collapses it doesn't mean that I will automatically lose my land. If a bank collapses that is their problem, not my problem.


Tell us what law you are quoting broda...


So according to you if equity collapses all companies that had loans at the bank also automatically collapse and securities deposited become public property?


When Equity gives you money against your title, it takes possession of the land. Its a give and take situation.

Mburu does not have the title as we speak does he?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
hardwood
#66 Posted : Wednesday, July 25, 2018 10:29:20 PM
Rank: Elder


Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
murchr wrote:
hardwood wrote:
murchr wrote:
hardwood wrote:
murchr wrote:
Those in the mortgage world can explain to us earthlings how things go in such situations

Quote:
The other jinx was that shortly after Mr Mburu mortgaged his land to Continental Credit Finance Ltd, it went under and was put under receivership. This forced the Kenya Posts and Telecommunication (KPTC) to secure a second mortgage of Sh165 million against the title to complete the stalled housing project.

Interestingly, also experienced financial hiccups on this land and out of the planned 500 units only, 196 houses were completed. It is these houses which were taken over by the GSU and which Mr Mburu sought and got compensation.

Apparently, even though the ministry paid Sh64 million to KPTC, it never got the title to the land which remained in the name of both Afrison and Hueland.



If I take a loan at Equity using the title deed of my kaploti hapo kitengela and then the bank collapses it doesn't mean that I will automatically lose my land. If a bank collapses that is their problem, not my problem.


Tell us what law you are quoting broda...


So according to you if equity collapses all companies that had loans at the bank also automatically collapse and securities deposited become public property?


When Equity gives you money against your title, it takes possession of the land. Its a give and take situation.

Mburu does not have the title as we speak does he?


Nope. Equity doesn't take possession. They just use it as security. If I gave my house as security to equity I continue living in my house as i service my loan. And if equity collapses i still continue living in my house but stop servicing the loan until the receivers, if any, tell me the way forward.

Also your statement (quote) up there is very clear that it is the bank that collapsed not Mburu's company.

Later Mburu handled his issues with the receivers and got his title back.
murchr
#67 Posted : Wednesday, July 25, 2018 10:36:31 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
hardwood wrote:
murchr wrote:
hardwood wrote:
murchr wrote:
hardwood wrote:
murchr wrote:
Those in the mortgage world can explain to us earthlings how things go in such situations

Quote:
The other jinx was that shortly after Mr Mburu mortgaged his land to Continental Credit Finance Ltd, it went under and was put under receivership. This forced the Kenya Posts and Telecommunication (KPTC) to secure a second mortgage of Sh165 million against the title to complete the stalled housing project.

Interestingly, also experienced financial hiccups on this land and out of the planned 500 units only, 196 houses were completed. It is these houses which were taken over by the GSU and which Mr Mburu sought and got compensation.

Apparently, even though the ministry paid Sh64 million to KPTC, it never got the title to the land which remained in the name of both Afrison and Hueland.



If I take a loan at Equity using the title deed of my kaploti hapo kitengela and then the bank collapses it doesn't mean that I will automatically lose my land. If a bank collapses that is their problem, not my problem.


Tell us what law you are quoting broda...


So according to you if equity collapses all companies that had loans at the bank also automatically collapse and securities deposited become public property?


When Equity gives you money against your title, it takes possession of the land. Its a give and take situation.

Mburu does not have the title as we speak does he?


Nope. Equity doesn't take possession. They just use it as security. If I gave my house as security to equity I continue living in my house as i service my loan. And if equity collapses i still continue living in my house but stop servicing the loan until the receivers, if any, tell me the way forward.

Also your statement (quote) up there is very clear that it is the bank that collapsed not Mburu's company.

Later Mburu handled his issues with the receivers and got his title back.


The entire land was still in the hands of the official receiver of the Continental Bank.

The commissioner of Lands who was back then the NLC stated that the 2 companies were wound up and liquidated.

"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
hardwood
#68 Posted : Wednesday, July 25, 2018 11:22:58 PM
Rank: Elder


Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
murchr wrote:
hardwood wrote:
murchr wrote:
hardwood wrote:
murchr wrote:
hardwood wrote:
murchr wrote:
Those in the mortgage world can explain to us earthlings how things go in such situations

Quote:
The other jinx was that shortly after Mr Mburu mortgaged his land to Continental Credit Finance Ltd, it went under and was put under receivership. This forced the Kenya Posts and Telecommunication (KPTC) to secure a second mortgage of Sh165 million against the title to complete the stalled housing project.

Interestingly, also experienced financial hiccups on this land and out of the planned 500 units only, 196 houses were completed. It is these houses which were taken over by the GSU and which Mr Mburu sought and got compensation.

Apparently, even though the ministry paid Sh64 million to KPTC, it never got the title to the land which remained in the name of both Afrison and Hueland.



If I take a loan at Equity using the title deed of my kaploti hapo kitengela and then the bank collapses it doesn't mean that I will automatically lose my land. If a bank collapses that is their problem, not my problem.


Tell us what law you are quoting broda...


So according to you if equity collapses all companies that had loans at the bank also automatically collapse and securities deposited become public property?


When Equity gives you money against your title, it takes possession of the land. Its a give and take situation.

Mburu does not have the title as we speak does he?


Nope. Equity doesn't take possession. They just use it as security. If I gave my house as security to equity I continue living in my house as i service my loan. And if equity collapses i still continue living in my house but stop servicing the loan until the receivers, if any, tell me the way forward.

Also your statement (quote) up there is very clear that it is the bank that collapsed not Mburu's company.

Later Mburu handled his issues with the receivers and got his title back.


The entire land was still in the hands of the official receiver of the Continental Bank.

The commissioner of Lands who was back then the NLC stated that the 2 companies were wound up and liquidated.



That letter is fake since it doesn't have a letter head neither is it signed. Though it also acknowledges that the land is PRIVATELY owned.
murchr
#69 Posted : Wednesday, July 25, 2018 11:25:07 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
hardwood wrote:
murchr wrote:
hardwood wrote:
murchr wrote:
hardwood wrote:
murchr wrote:
hardwood wrote:
murchr wrote:
Those in the mortgage world can explain to us earthlings how things go in such situations

Quote:
The other jinx was that shortly after Mr Mburu mortgaged his land to Continental Credit Finance Ltd, it went under and was put under receivership. This forced the Kenya Posts and Telecommunication (KPTC) to secure a second mortgage of Sh165 million against the title to complete the stalled housing project.

Interestingly, also experienced financial hiccups on this land and out of the planned 500 units only, 196 houses were completed. It is these houses which were taken over by the GSU and which Mr Mburu sought and got compensation.

Apparently, even though the ministry paid Sh64 million to KPTC, it never got the title to the land which remained in the name of both Afrison and Hueland.



If I take a loan at Equity using the title deed of my kaploti hapo kitengela and then the bank collapses it doesn't mean that I will automatically lose my land. If a bank collapses that is their problem, not my problem.


Tell us what law you are quoting broda...


So according to you if equity collapses all companies that had loans at the bank also automatically collapse and securities deposited become public property?


When Equity gives you money against your title, it takes possession of the land. Its a give and take situation.

Mburu does not have the title as we speak does he?


Nope. Equity doesn't take possession. They just use it as security. If I gave my house as security to equity I continue living in my house as i service my loan. And if equity collapses i still continue living in my house but stop servicing the loan until the receivers, if any, tell me the way forward.

Also your statement (quote) up there is very clear that it is the bank that collapsed not Mburu's company.

Later Mburu handled his issues with the receivers and got his title back.


The entire land was still in the hands of the official receiver of the Continental Bank.

The commissioner of Lands who was back then the NLC stated that the 2 companies were wound up and liquidated.



That letter is fake since it doesn't have a letter head neither is it signed. Though it also acknowledges that the land is PRIVATELY owned.


Look again, but as i said, only the DPP will unearth the rot here
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
hardwood
#70 Posted : Wednesday, July 25, 2018 11:41:59 PM
Rank: Elder


Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
murchr wrote:
hardwood wrote:
murchr wrote:
hardwood wrote:
murchr wrote:
hardwood wrote:
murchr wrote:
hardwood wrote:
murchr wrote:
Those in the mortgage world can explain to us earthlings how things go in such situations

Quote:
The other jinx was that shortly after Mr Mburu mortgaged his land to Continental Credit Finance Ltd, it went under and was put under receivership. This forced the Kenya Posts and Telecommunication (KPTC) to secure a second mortgage of Sh165 million against the title to complete the stalled housing project.

Interestingly, also experienced financial hiccups on this land and out of the planned 500 units only, 196 houses were completed. It is these houses which were taken over by the GSU and which Mr Mburu sought and got compensation.

Apparently, even though the ministry paid Sh64 million to KPTC, it never got the title to the land which remained in the name of both Afrison and Hueland.



If I take a loan at Equity using the title deed of my kaploti hapo kitengela and then the bank collapses it doesn't mean that I will automatically lose my land. If a bank collapses that is their problem, not my problem.


Tell us what law you are quoting broda...


So according to you if equity collapses all companies that had loans at the bank also automatically collapse and securities deposited become public property?


When Equity gives you money against your title, it takes possession of the land. Its a give and take situation.

Mburu does not have the title as we speak does he?


Nope. Equity doesn't take possession. They just use it as security. If I gave my house as security to equity I continue living in my house as i service my loan. And if equity collapses i still continue living in my house but stop servicing the loan until the receivers, if any, tell me the way forward.

Also your statement (quote) up there is very clear that it is the bank that collapsed not Mburu's company.

Later Mburu handled his issues with the receivers and got his title back.


The entire land was still in the hands of the official receiver of the Continental Bank.

The commissioner of Lands who was back then the NLC stated that the 2 companies were wound up and liquidated.



That letter is fake since it doesn't have a letter head neither is it signed. Though it also acknowledges that the land is PRIVATELY owned.


Look again, but as i said, only the DPP will unearth the rot here


Nope it's the NLC that looks into land matters and they have given it a clean bill of health. The DPP will have to write to the NLC and ask for the official position regarding the land and NLC have already made a pronouncement. Also note that NCL and DPP are arm's of the same govt and the gov't cannot contradict itself.
hardwood
#71 Posted : Wednesday, July 25, 2018 11:43:53 PM
Rank: Elder


Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
murchr wrote:
hardwood wrote:
murchr wrote:
hardwood wrote:
murchr wrote:
hardwood wrote:
murchr wrote:
hardwood wrote:
murchr wrote:
Those in the mortgage world can explain to us earthlings how things go in such situations

Quote:
The other jinx was that shortly after Mr Mburu mortgaged his land to Continental Credit Finance Ltd, it went under and was put under receivership. This forced the Kenya Posts and Telecommunication (KPTC) to secure a second mortgage of Sh165 million against the title to complete the stalled housing project.

Interestingly, also experienced financial hiccups on this land and out of the planned 500 units only, 196 houses were completed. It is these houses which were taken over by the GSU and which Mr Mburu sought and got compensation.

Apparently, even though the ministry paid Sh64 million to KPTC, it never got the title to the land which remained in the name of both Afrison and Hueland.



If I take a loan at Equity using the title deed of my kaploti hapo kitengela and then the bank collapses it doesn't mean that I will automatically lose my land. If a bank collapses that is their problem, not my problem.


Tell us what law you are quoting broda...


So according to you if equity collapses all companies that had loans at the bank also automatically collapse and securities deposited become public property?


When Equity gives you money against your title, it takes possession of the land. Its a give and take situation.

Mburu does not have the title as we speak does he?


Nope. Equity doesn't take possession. They just use it as security. If I gave my house as security to equity I continue living in my house as i service my loan. And if equity collapses i still continue living in my house but stop servicing the loan until the receivers, if any, tell me the way forward.

Also your statement (quote) up there is very clear that it is the bank that collapsed not Mburu's company.

Later Mburu handled his issues with the receivers and got his title back.


The entire land was still in the hands of the official receiver of the Continental Bank.

The commissioner of Lands who was back then the NLC stated that the 2 companies were wound up and liquidated.



That letter is fake since it doesn't have a letter head neither is it signed. Though it also acknowledges that the land is PRIVATELY owned.


Look again, but as i said, only the DPP will unearth the rot here


Nope it's the NLC that looks into land matters and they have given it a clean bill of health. The DPP will have to write to the NLC and ask for the official position regarding the land and NLC have already made a pronouncement. Also note that NCL and DPP are arm's of the same govt and the gov't cannot contradict itself. Also note that investigations are done by DCI and not DPP.
murchr
#72 Posted : Wednesday, July 25, 2018 11:50:06 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
hardwood wrote:
murchr wrote:
hardwood wrote:
murchr wrote:
hardwood wrote:
murchr wrote:
hardwood wrote:
murchr wrote:
hardwood wrote:
murchr wrote:
Those in the mortgage world can explain to us earthlings how things go in such situations

Quote:
The other jinx was that shortly after Mr Mburu mortgaged his land to Continental Credit Finance Ltd, it went under and was put under receivership. This forced the Kenya Posts and Telecommunication (KPTC) to secure a second mortgage of Sh165 million against the title to complete the stalled housing project.

Interestingly, also experienced financial hiccups on this land and out of the planned 500 units only, 196 houses were completed. It is these houses which were taken over by the GSU and which Mr Mburu sought and got compensation.

Apparently, even though the ministry paid Sh64 million to KPTC, it never got the title to the land which remained in the name of both Afrison and Hueland.



If I take a loan at Equity using the title deed of my kaploti hapo kitengela and then the bank collapses it doesn't mean that I will automatically lose my land. If a bank collapses that is their problem, not my problem.


Tell us what law you are quoting broda...


So according to you if equity collapses all companies that had loans at the bank also automatically collapse and securities deposited become public property?


When Equity gives you money against your title, it takes possession of the land. Its a give and take situation.

Mburu does not have the title as we speak does he?


Nope. Equity doesn't take possession. They just use it as security. If I gave my house as security to equity I continue living in my house as i service my loan. And if equity collapses i still continue living in my house but stop servicing the loan until the receivers, if any, tell me the way forward.

Also your statement (quote) up there is very clear that it is the bank that collapsed not Mburu's company.

Later Mburu handled his issues with the receivers and got his title back.


The entire land was still in the hands of the official receiver of the Continental Bank.

The commissioner of Lands who was back then the NLC stated that the 2 companies were wound up and liquidated.



That letter is fake since it doesn't have a letter head neither is it signed. Though it also acknowledges that the land is PRIVATELY owned.


Look again, but as i said, only the DPP will unearth the rot here


Nope it's the NLC that looks into land matters and they have given it a clean bill of health. The DPP will have to write to the NLC and ask for the official position regarding the land and NLC have already made a pronouncement. Also note that NCL and DPP are arm's of the same govt and the gov't cannot contradict itself. Also note that investigations are done by DCI and not DPP.


Yesterday, the Ministry of Education contradicted the same govt and said the land belongs to the govt. So much about govt contradicting each other
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Gathige
#73 Posted : Thursday, July 26, 2018 5:00:32 AM
Rank: Elder


Joined: 3/29/2011
Posts: 2,242
murchr wrote:
hardwood wrote:
murchr wrote:
hardwood wrote:
murchr wrote:
hardwood wrote:
murchr wrote:
hardwood wrote:
murchr wrote:
hardwood wrote:
murchr wrote:
Those in the mortgage world can explain to us earthlings how things go in such situations

Quote:
The other jinx was that shortly after Mr Mburu mortgaged his land to Continental Credit Finance Ltd, it went under and was put under receivership. This forced the Kenya Posts and Telecommunication (KPTC) to secure a second mortgage of Sh165 million against the title to complete the stalled housing project.

Interestingly, also experienced financial hiccups on this land and out of the planned 500 units only, 196 houses were completed. It is these houses which were taken over by the GSU and which Mr Mburu sought and got compensation.

Apparently, even though the ministry paid Sh64 million to KPTC, it never got the title to the land which remained in the name of both Afrison and Hueland.



If I take a loan at Equity using the title deed of my kaploti hapo kitengela and then the bank collapses it doesn't mean that I will automatically lose my land. If a bank collapses that is their problem, not my problem.


Tell us what law you are quoting broda...


So according to you if equity collapses all companies that had loans at the bank also automatically collapse and securities deposited become public property?


When Equity gives you money against your title, it takes possession of the land. Its a give and take situation.

Mburu does not have the title as we speak does he?


Nope. Equity doesn't take possession. They just use it as security. If I gave my house as security to equity I continue living in my house as i service my loan. And if equity collapses i still continue living in my house but stop servicing the loan until the receivers, if any, tell me the way forward.

Also your statement (quote) up there is very clear that it is the bank that collapsed not Mburu's company.

Later Mburu handled his issues with the receivers and got his title back.


The entire land was still in the hands of the official receiver of the Continental Bank.

The commissioner of Lands who was back then the NLC stated that the 2 companies were wound up and liquidated.



That letter is fake since it doesn't have a letter head neither is it signed. Though it also acknowledges that the land is PRIVATELY owned.


Look again, but as i said, only the DPP will unearth the rot here


Nope it's the NLC that looks into land matters and they have given it a clean bill of health. The DPP will have to write to the NLC and ask for the official position regarding the land and NLC have already made a pronouncement. Also note that NCL and DPP are arm's of the same govt and the gov't cannot contradict itself. Also note that investigations are done by DCI and not DPP.


Yesterday, the Ministry of Education contradicted the same govt and said the land belongs to the govt. So much about govt contradicting each other


That's why as @hardwood points out, in the midst of the circus, a court will ask NLC on who is the owner of the land and Swazuri says Mbuzi ni ya mburu. Sonko, Meshark and all of us in Wazua can then present any other opininon. Mburu has the patience of a Croc, always in wait for an opportunity to strike. Now he is saying he has a new claim for 30 billion making what he has already been paid look like petty cash.Me thinks he is a front for a faceless real owner.
"Things that matter most must never be at the mercy of things that matter least." Goethe
kaka2za
#74 Posted : Thursday, July 26, 2018 7:01:41 AM
Rank: Elder


Joined: 10/3/2008
Posts: 4,057
Location: Gwitu
Could someone explain to those of us with simple minds how the land ownership was transferred from the Official receiver to Mr Mburu?
Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
hardwood
#75 Posted : Thursday, July 26, 2018 7:07:34 AM
Rank: Elder


Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
Gathige wrote:
murchr wrote:
hardwood wrote:
murchr wrote:
hardwood wrote:
murchr wrote:
hardwood wrote:
murchr wrote:
hardwood wrote:
murchr wrote:
hardwood wrote:
murchr wrote:
Those in the mortgage world can explain to us earthlings how things go in such situations

Quote:
The other jinx was that shortly after Mr Mburu mortgaged his land to Continental Credit Finance Ltd, it went under and was put under receivership. This forced the Kenya Posts and Telecommunication (KPTC) to secure a second mortgage of Sh165 million against the title to complete the stalled housing project.

Interestingly, also experienced financial hiccups on this land and out of the planned 500 units only, 196 houses were completed. It is these houses which were taken over by the GSU and which Mr Mburu sought and got compensation.

Apparently, even though the ministry paid Sh64 million to KPTC, it never got the title to the land which remained in the name of both Afrison and Hueland.



If I take a loan at Equity using the title deed of my kaploti hapo kitengela and then the bank collapses it doesn't mean that I will automatically lose my land. If a bank collapses that is their problem, not my problem.


Tell us what law you are quoting broda...


So according to you if equity collapses all companies that had loans at the bank also automatically collapse and securities deposited become public property?


When Equity gives you money against your title, it takes possession of the land. Its a give and take situation.

Mburu does not have the title as we speak does he?


Nope. Equity doesn't take possession. They just use it as security. If I gave my house as security to equity I continue living in my house as i service my loan. And if equity collapses i still continue living in my house but stop servicing the loan until the receivers, if any, tell me the way forward.

Also your statement (quote) up there is very clear that it is the bank that collapsed not Mburu's company.

Later Mburu handled his issues with the receivers and got his title back.


The entire land was still in the hands of the official receiver of the Continental Bank.

The commissioner of Lands who was back then the NLC stated that the 2 companies were wound up and liquidated.



That letter is fake since it doesn't have a letter head neither is it signed. Though it also acknowledges that the land is PRIVATELY owned.


Look again, but as i said, only the DPP will unearth the rot here


Nope it's the NLC that looks into land matters and they have given it a clean bill of health. The DPP will have to write to the NLC and ask for the official position regarding the land and NLC have already made a pronouncement. Also note that NCL and DPP are arm's of the same govt and the gov't cannot contradict itself. Also note that investigations are done by DCI and not DPP.


Yesterday, the Ministry of Education contradicted the same govt and said the land belongs to the govt. So much about govt contradicting each other


That's why as @hardwood points out, in the midst of the circus, a court will ask NLC on who is the owner of the land and Swazuri says Mbuzi ni ya mburu. Sonko, Meshark and all of us in Wazua can then present any other opininon. Mburu has the patience of a Croc, always in wait for an opportunity to strike. Now he is saying he has a new claim for 30 billion making what he has already been paid look like petty cash.Me thinks he is a front for a faceless real owner.


Private land can't just miraculously become govt land. The govt MUST put out a GAZETTE NOTICE declaring it's intention to acquire the private property. There has never been such a notice and therefore the land remains private.
murchr
#76 Posted : Thursday, July 26, 2018 1:30:30 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
kaka2za wrote:
Could someone explain to those of us with simple minds how the land ownership was transferred from the Official receiver to Mr Mburu?


That's where it's all murky. The commissioner of lands clearly stated these properties were liquidated with KPTC making payments for the land. The 2012 ruling could reveal more I will peruse the Kenya Law Reports to read it later
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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simonkabz
#77 Posted : Thursday, July 26, 2018 2:17:56 PM
Rank: Elder


Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
hardwood wrote:
Ma vulture are circling...

Quote:
Details have emerged of how Moses Mungai impersonated spy master chief Philip Kameru in dealings with Ruaraka land owner Francis Mburu.
Mburu and Mungai recorded statements with Flying Squad officers on Wednesday.
Officers found a pistol and an ID stating Mungai works for the National Intelligence Service.
Police said Mburu told investigators that Mungai demanded Sh10 million to help him sort out the Ruaraka land case.
The land owner was released and asked to report to the DCI on Thursday morning while the impersonator remained in police custody.


Wueh!

Kweli hii ni findio.d'oh!
TULIA.........UFUNZWE!
hardwood
#78 Posted : Thursday, July 26, 2018 2:35:37 PM
Rank: Elder


Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
murchr wrote:
kaka2za wrote:
Could someone explain to those of us with simple minds how the land ownership was transferred from the Official receiver to Mr Mburu?


That's where it's all murky. The commissioner of lands clearly stated these properties were liquidated with KPTC making payments for the land. The 2012 ruling could reveal more I will peruse the Kenya Law Reports to read it later


KPLC was only buying the houses that had been built on a piece of the land not the whole land.
hardwood
#79 Posted : Thursday, July 26, 2018 2:39:30 PM
Rank: Elder


Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
Quote:
According to the Ministry of Lands, Afrison Export Import Ltd and Huelands Ltd are the registered owners, having acquired it on December 30, 1981, from Joreth Ltd. Sometime later, the two companies secured a loan from Continental Credit Finance (now under receivership) to finance development of 600 housing units on the land LR 7879/4. In 1986, Continental Credit Finance Ltd ran into financial problems and was unable to sustain the financing agreement with the two firms which owned the land in question.

After the collapse Continental Credit Finance Ltd, the project developers entered into a financing agreement with the Kenya Posts and Telecommunications Corporation (KPTC). However, KPTC also ran into financial problems in 1988 and was unable to complete financing of the project. On August 18, 1988, following financial problems at KPTC, the Government entered into a ‘rescue contract’ with the Corporation to purchase 196 houses on portion of the Ruaraka Land to house Police Officers from the General Service Unit (GSU). The Government paid part of the purchase price but the deal was never completed due to court cases and related complications. On the same land but on different portions, a school and a chief’s camp had been built.
hardwood
#80 Posted : Thursday, July 26, 2018 2:48:46 PM
Rank: Elder


Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
Quote:
Auditor General Edward Ouko said in his 2013-2014 probe that City Hall had issued allotment letters to various individuals who built churches, schools and other developments on part of the land. How did the land end up in City Hall's hands?
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