Sharp Daily
No Result
View All Result
Saturday, September 13, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

DP Gachagua Gets Temporary Reprieve in KSh1.5Billion Land Case

Sarah Wamaitha by Sarah Wamaitha
September 27, 2022
in News
Reading Time: 2 mins read
Kenyas Deputy President Rigathi Gachagua

Kenya's Deputy President Rigathi Gachagua.[Photo/Courtesy]

The High Court in Nairobi has imposed restrictions on land linked to Deputy President Rigathi Gachagua by prohibiting the Ministry of Lands from conducting transactions on the contested property.

The Environment and Land Court’s Justice Oguttu Mboya issued instructions, directing the Former Director Of Physical Planning Michael Ohas not to sell or transfer the land, located near Jomo Kenyatta International Airport, valued at KSh1.5 billion until the case has been heard and decided.

Gachagua informed the court through his attorneys that he bought the land for Ksh24 million from a business run by Peter Nduati and Ms Pauline Muringe, who owned it through Karandi Firm Limited.

He stated that the two were offered the land on April 30, 1999, for KSh. 554,000.

RELATEDPOSTS

September snapshot: CMMF yields 13.12% as month unfolds

September 5, 2025

Why knowing your pension exit options matters, especially in the public sector

September 5, 2025

Gachagua added that Ohas had fraudulently fabricated documents to transfer the land to himself and a firm, Columbus Two Thousand Ltd, connected to him in 2019.

Read: Rigathi Gachagua Loses Ksh200 Million In Case Against State

Ohas claimed to have received the land on February 3, 1994, from former President Daniel Moi, which according to him, was later transferred to Wamunyoro Investments Ltd.

Later, in April 2017, Ohas sought to regain ownership of the land through the National Land Commission (NLC) and the chief land registrar, who directed him to seek counsel from the police and Ethics and Anti-Corruption Commission (EACC).

Although it was noted that he withdrew the case contesting possession of the site in June 2022, the DP’s legal team declared they would continue to pursue the matter until it was resolved.

Read: The Last Of DP Rigathi Gachagua’s Brothers Jack Reriani Dies

According to Gachagua, the property is leased to Equity Bank as security for various financial facilities issued to him at KSh200 million.

He now wants the court to declare him the rightful owner of the property, with the case set to be heard on October 13, 2022.

Email your news TIPS to editor@thesharpdaily.com

 

Previous Post

Inspector General Of Police Hillary Mutyambai Exits Office

Next Post

KPLC Sets 40 Million For Electric Fleet

Sarah Wamaitha

Sarah Wamaitha

Related Posts

News

September snapshot: CMMF yields 13.12% as month unfolds

September 5, 2025
Private equity investment business concept
News

Private equity and insurance

September 4, 2025
News

Kick financial goals: Invest with CMMF this football season

August 22, 2025
commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025

LATEST STORIES

Real Estate project financing models shaping successful developments

September 12, 2025

Alternative investments: Opportunities and risks

September 12, 2025

Mid-September momentum: CMMF posts strong yields and growing trust

September 12, 2025

Unlocking Home Ownership Through Retirement Savings in Kenya

September 12, 2025

The role of FDIs in driving sustainable development

September 11, 2025

How increased oversight can clean up the insurance sector without stifling innovation

September 11, 2025

Why retail investors hold the key to Kenya’s capital market growth

September 11, 2025

Kenya’s new banking policies: A turning point for the financial sector

September 11, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024