The housing levy fund has hit a rock after the High Court rejected withdrawal of a case opposing the government plan. The High Court declined to allow consent between Cotu and the state after interested parties contended they had not been consulted. The parties only learnt of the consent and intention to adopt it in court. The consent purports that Cotu, FKE and Cofek had agreed with the Ministry of Transport to withdraw a case challenging implementation of the 1.5 per cent housing levy. FKE through their lawyer Jacqueline Mugo said they were willing to take up the case if Cotu wanted to opt out.

Source: The Star April 26, 2019 02:03 UTC