Wazua
»
Club SK
»
Politics
»
LR 7879/4 - The Movie
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.
|
|
|
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
.
|
|
|
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?
|
|
|
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.
|
|
|
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
.
|
|
|
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.
|
|
|
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
.
|
|
|
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.
|
|
|
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
.
|
|
|
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.
|
|
|
Wazua
»
Club SK
»
Politics
»
LR 7879/4 - The Movie
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|