Insurance firm battling a land grab case with a city lawyer - News Summed Up

Insurance firm battling a land grab case with a city lawyer


An insurance firm is embroiled in a tussle over the ownership of a Sh400 million piece of land in Nairobi County. GA Insurance Ltd is caught up in a battle with Dikus Enterprises over who owns the 1.23-hectare parcel along Mombasa Road. GA Insurance bought the land from Economic Industries for Sh92 million and charged the title at I&M Bank for Sh1 million in 2016. On March 8, Senior Principal Magistrate David Mburu ordered Dikus Enterprises to stop interfering with the operations of GA Insurance pending determination of the ownership case. The firm claimed they had bought the land and presented a title deed that GA Insurance insisted was fake.


Source: Standard Digital April 02, 2021 20:36 UTC



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