Equity boss: I paid Moi Sh300m for disputed land
Equity Bank chief executive James Mwangi on Tuesday laid claim to a prime piece of land associated with former President Daniel arap Moi. He is now the third claimant.
The land in upmarket Muthaiga North is also claimed by United States International University – Africa and private developer George Kiongera. the latter says he paid the former President Sh500 million for the property in June.
Mr Mwangi said he paid Mr Moi Sh300 million for the same land in 2012.
The Equity boss listed the university as a defendant alongside Maestro Connections Health Systems owned by Dr Kiongera, the former President, chief lands registrar director survey and the attorney-general.
The university says it acquired the land for Sh90 million from Insurance Company of East Africa in 1999.
Mr Mwangi now wants USIU-A and Maestro Connections Health Systems Ltd kicked out of the property saying he bought the land through his company Muthaiga Luxury Homes Ltd, on February 23, 2012.
On Tuesday, the court extended interim orders that had halted any development on the site pending determination of the case.
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