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This is what really transpired in NASA’s closed- door summit

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This is what transpired in NASA’s closed- door summit

By ALLAN TAWAI

All is evidently not well in the Kenya’s opposition coalition after a crisis meeting called to resolve a simmering disquiet in the opposition ended in a stalemate.

The National Super Alliance (NASA) coalition’s summit held on Monday, January 15, took a dramatic turn after the four co-principals failed to agree on swearing-in plan.

The meeting that was called to address concerns raised by associate parties over sharing of parliamentary slots and other issues which included the swearing in plans of NASA leader Raila Odinga.

Two co-principals allegedly conspired against Mr. Odinga to scatter the oath taking plan.

Prior reports indicated that the leaders had reached an agreement over the planned inauguration, but it has now become apparent that the closed-door meeting ended in impasse.

According to a report published by Citizen News revealed that prior to the summit, As Musyoka, Wetangula and Mudavadi met, Odinga was waiting for the confirmation of the venue that was shifted to two different places before settling on the Karen Country Club.

Sources further revealed that the principals discussed the merits and demerits of a Raila Odinga and Kalonzo Musyoka inauguration. Musyoka and Wetangula allegedly agreed to reject the January 30 event. Mudavadi remained neutral.

With Odinga having reassured his supporters that he will be sworn in on January 30, his team is reported to be wary of a possible backlash from supporters should they call off the inauguration for a second time.  The Odinga camp is also yet to settle on an alternative route that would appease supporters and sustain the anti-jubilee rhetoric.

READ ALSO:   Jubilee, NASA hit deadlock on the much anticipated national dialogue

The three NASA co-principals later met Odinga and proceeded to the main meeting. Musyoka and Wetangula maintained their position on parallel oath-taking. The co-principals also reportedly pushed Odinga to relinquish one of the parliamentary leadership slots to Wiper in protest against dominance by the Orange Democratic Movement (ODM) party.

Kalonzo Musyoka Musyoka’s Wiper party and Mudavadi’s ANC had raised concerns following appointment of two members of ODM party to crucial parliamentary leadership positions.

All the four co-principals met again today to continue deliberating on the weighty issues that now threaten to split the coalition. Reports indicate the meeting, once more ended in stalemate.

 

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Diaspora

Blind 70-year-old Kenyan living in US pleads for help to return home – VIDEO

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Kenyans living in the diaspora have formed a WhatsApp group to try and help an elderly Kenyan man living in the United States to return home.

In a message shared in the Diaspora Messenger, a website that connects and updates the East African community abroad, the Kenyans have appealed to well-wishers to help Mr William Mwangi Kagwima, who is aged 70.

“One of our Kenyan brother, migrated to Worcester MA, in 1998. Like every other immigrant, he worked hard until last year when he started losing his eye sight and could not work anymore. He has endured severe hardship and has exhausted his savings. Mr Kagwima is requesting the community to send him back home to his family,” the notice reads in part.

They also shared a short video clip of Mr Kagwima speaking in Gikuyu and explaining how he ended up to be where he is today.s

source:nairobinews

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Varsity student commits suicide in Kitui, leaves suicide note

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A 24-year-old fourth-year student at South Eastern Kenya University in Kitui on Friday committed suicide by hanging herself.

Her body was found dangling from the roof of her rented house at Kwa Vonza trading centre in Kitui Rural.

Lower Yatta OCPD Charles Chacha confirmed the morning incident, saying the student, who was pursuing a Bachelor’s Degree course in Information Technology, left behind a suicide note.

Dear mum and dad, I am sorry I had to do this. I love you guys so much, but I can’t take it any longer [sic]. Life has become unbearable. I cannot live like this anymore,” read the suicide note allegedly written by the deceased.

Alleged suicide note left by the 24-year-old South Eastern Kenya University student

The student’s body was taken to Kitui Level Four Hospital mortuary for preservation.

Meanwhile, the lifeless body of a 40-year-old man was found hanging from a tree near his homestead at Mwakini Village in the same area.

OCPD Chacha said the deceased had gone missing since Thursday as earlier reported by his wife.

He as well appealed to students and members of the public to desist from taking own lives but rather seek help from parents or counsellors when faced with life challenges.

READ ALSO:   WATCH LIVE: Raila addresses the nation on his next course of action

The two bodies were taken to Kitui Level Four Hospital morgue pending postmortem examination, police said.

source:ureport

 

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Business

How Diamond Lalji became a bankrupt millionaire

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Picture this: Your friend asks you to guarantee his/her sacco loan. You automatically agree because you know him/her well. Besides, the sacco is known to be flexible with defaulters.

Sadly, things don’t go according to plan, life gets tough and your friend defaults. But his/her assets are not enough to recover the loan, so the sacco comes after you and other guarantors.

PETITION

Unfortunately, you can’t pay up, so the sacco files a bankruptcy petition against you and succeeds.

Within no time, you’re declared flat broke and an insolvency practitioner appointed to run whatever little exists of your estate.

This scenario is now real for thousands of Kenyans following a court judgement that declared former Cereal Millers Association chairman Diamond Hasham Lalji bankrupt on March 1.

The tycoon, whose business empire boasts no fewer than 16 companies in various industries, failed to repay a $4.8 million (Sh480 million) debt three of his companies owed American grain bulk handler, Cargill.

On January 16, 2017, Mr Lalji agreed to guarantee three of his flour milling companies — Premier Flour Mills, Maize Milling Company and Milling Corporation of Kenya — which had owed Cargill since it supplied them with maize in 2012.

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At the time, the three firms owed $5.2 million (Sh520 million). Milling Corporation owed Sh274.95 million, Premier Flour Mills Sh192.25 million and Maize Milling Sh48.95 million.

But after the businessman failed to pay up as agreed, Cargill filed an insolvency petition against him.

TITLE DEEDS

Mr Lalji on Friday filed an appeal against the bankruptcy order issued by Justice Francis Tuiyott.

The Court of Appeal will mention the case Monday and decide whether to suspend Justice Tuiyott’s order, as Mr Lalji looks to convince the appellate judges to dismiss the order permanently. Justice Tuiyott’s ruling is likely to create anxiety among loan guarantors, since they could meet a fate similar to Mr Lalji’s.

Justice Tuiyott ordered that Anthony Makenzi Muthui of Ernst & Young take the over management of Mr Lalji’s estate as a receiver manager to recover Cargill’s debt.

Usually, the appointment of a statutory manager to handle a bankrupt individual’s estate is left to the official receiver. But Justice Tuiyott held that the official receiver had accepted Cargill’s nomination of Mr Muthusi, and that Mr Lalji did not contest the arrangement.

Justice Tuiyott agreed with Cargill’s argument that Mr Lalji did not give adequate details on six parcels of land worth Sh330 million that he offered to sell to offset part of Cargill’s debt. The businessman faulted Cargill for turning down his repayment proposal, which included the six title deeds as security.

READ ALSO:   VIDEO: Angry Diaspora Kenyans take Uhuru head on over Miguna fiasco

DISCLOSURE

He also asked Justice Tuiyott to consider that his three firms had repaid Sh34 million since the insolvency petition was filed. But Cargill insisted that the Sh30 million was too little, since Mr Lalji had promised to pay Sh100 million.

Justice Tuiyott ruled that there was no evidence to verify the value of the land Mr Lalji pledged as security. “The identity of the properties to be sold is not disclosed and neither is a professional opinion of the value demonstrated. In the circumstances, a creditor would be rightly entitled to doubt the credibility of the proposal made.”

The court added that Mr Lalji’s failure to make a disclosure of all his assets and liabilities did not help his argument, because it is only upon such disclosure that the court can evaluate his ability to meet the offer. “And it cannot be ignored that the promise to pay the debt is by the very companies whose default led to the guarantee that has given rise to Mr Lalji’s apparent insolvency” Justice Tuiyott ruled.

Justice Tuiyott had ruled that Cargill was not unreasonable in turning down a repayment proposal by Mr Laji, which would have seen the debt repaid in instalments running through to April, 2023. After Cargill filed the insolvency petition, Mr Lalji proposed to give the firm the six pieces of land, which he was ready to sell, as security.

READ ALSO:   Confusion as Raila re-edits his Twitter Bio 4 times within 12 hours

source:nation.co.ke

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