By ERIC WAINAINAMore by this AuthorThe controversial Mbo-i-Kamiti Land Buying Company in Kiambu will soon close down after management started issuing plot allotment letters in a process that will see members detach from the company, paving way for its termination. Officials led by chairman Thuo Mathenge presided over a ceremony, the first phase of the process that will see 8,000 members receive allotment letters for their respective plots in the next two months. Mr Mathenge, who is gunning for the Nyeri gubernatorial seat as an independent candidate, said the firm obtained allotment letters with President Uhuru Kenyatta’s assistance. Each beneficiary will get 50 by 40 feet plots, eighths and quarter-acre plots depending on the number of shares they own. MURDERBut money, power and greed hit the company when some directors stole its assets, reducing it to a shell, and dashing hopes of shareholders.

Source: Daily Nation May 28, 2017 17:37 UTC