Hundreds fear fraud in land deal with billionaire and clergymen - News Summed Up

Hundreds fear fraud in land deal with billionaire and clergymen


Milele Ventures Ltd, which has reverends as its directors, acquired the land at Sh1.3 million an acre in 2009. In any case, the clerics were literally selling the plots right from the pulpit with an emphasis on how property ownership was critical in safeguarding one’s future. He said a deed plan had been finalised, which would facilitate processing of the individual ownership documents for the buyers. In July 2013, Githunguri moved to court seeking compensation for breach of contract after Milele Ventures failed to settle an outstanding balance of Sh21.4 million. The immensely wealthy career banker had just emerged from another suit over the same land where his commission agent had sued demanding payment for finding the buyer – Milele Ventures.


Source: Standard Digital April 19, 2017 04:07 UTC



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