By MWANGI MUIRURIMore by this AuthorEmbakasi Ranching Company directors are pushing for charges on shareholders that could amount to a Sh337 million sendoff package. Dr Muraguri said the dilemma the government desk overseeing the winding-up process is facing is that the ranch is a private company with its bylaws. He called upon ranch chairman Thuita Mwangi to be sensitive to the plight of the shareholders who have waited since 1978 to fully own their parcels. The ranch still has serious operation flaws with many complaints about ownership, swapping of plots and double allocations. Dr Muraguri said the government has and will continue to support shareholders “including but not limited to waiving off all titling fees applicable.”

Source: Daily Nation February 04, 2018 18:56 UTC