Connect with us

Business

Tuju deposits KSh 50 million to stop auction of multi-million Karen property

Published

on

BY KEVIN KOECH

Jubilee Party Secretary-General Raphael Tuju has deposited KSh 50 million to save his property from being actioned by the East African Development Bank.

Tuju was caught up in a protracted legal tussle with the bank after failing to comply with the terms and conditions agreed when he received a KSh 943 million loan.

The bank prosecuted the dispute in a London court and got orders to seize the property.

This was after Tuju and his company, Dari Limited, were found to have defaulted loan repayment which has totalled to KSh 1. 5 billion.

The bank then appointed, George Weru and Muniu Thoithi, as receiver managers for Tuju’s property under.

The two were tasked to prepare for the sale of the politician’s assets to recover the KSh 1.53 billion debt.

However, the SG challenged the ruling through a Kenyan court and secured orders barring the lender and receiver managers from repossessing the property.

This was granted on condition that he remits KSh 50 million within seven days from the date the orders were issued, failure to which the lender would be granted green light to repossess the assets.

The seven-day order was issued last week and was due to expire on Friday, July 17, thus prompting Tuju to comply to save his establishments.

READ ALSO:   Ruto’s dishes Twitter tackle

“We write to confirm that this condition has been complied with. Our clients have deposited KSh 50,000,000 in an interest-earning account at NCBA Bank Kenya,” read a letter sent to Registrar of the Court of Appeal by Tuju’s lawyer, Paul Muite.

The loan agreement between Tuju’s company and EADB was struck on April 10, 2015, under which the lender agreed to give Dari a KSh 943.9 million for property investment.

Part of the deal was to fund the acquisition of a 94-year-old multi-million bungalow sitting on a 20-acre piece of land in Karen, and for development and construction of residential units.

Tuju is, however, accused of failing to service the loan since 2017 when it was due.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

The road less travelled

Published

on

According to a June 2020 study by Flone Initiative, women make up 10 per cent of the work force in the public transport industry in the country, 85 per cent of them being matatu conductors in Nairobi; it is no longer a male-dominated job. However,

“I used to ride the so-called nganyas to school every day, and being that I am a social and open-minded person, I would interact with the accomodating personnel and with time, I deeply fell in love with the unique culture that is the Kenyan matatu industry,” she tells PD Wikendi. A daughter of Italian parents who met and got married in Kenya, Lucia is thankful to have been born and bred in this country with an atypical public transport sector, which would become her biggest passion.

After completing high school, she joined Montessori College in Nairobi to pursue teaching, a course she did not complete, as what she desired was to work as a tout. However, she would again proceed to pursue a certificate in pharmacy, which is her mother’s profession. In 2015, Lucia ditched her pharmacy career and decided to follow her heart, becoming a full-time makanga in Kitengela, a route she says she felt comfortable in, being that she was serving people she grew up around.

Lucia recalls how at first, residents of Kitengela, seeing a mzungu on the matatu door calling on passengers to board, were certain it was a prank. “In my first days, people were dumbfounded, wondering if it was a stunt. They even became reluctant to board the vehicle, as they thought that maybe there was a hidden camera somewhere recording the ‘prank’. No one believed a mlami could take this job, but, eventually, they realised it was for real and got used to it,” she recounts.

READ ALSO:   Raphael Tuju, bank faceoff in court over Sh1.5 billion defaulted loan

The venture was fraught with challenges for her; not only was she a woman in a rough man’s world, but also a ‘foreigner’. “Some commuters felt they could get aggressive towards me, for example when disgruntled by what they found to be high fares. Dealing with a rude passenger who does not want to cooperate and respect my hustle is still among my worst moments while in the line of duty. Some passengers like to show that they are allknowing. Again, there were instances where people thought I don’t understand Swahili or sheng, which I speak fluently, so they would throw jabs at me, but I never let it get to me. If you are a strong woman who respects herself and you understand that this is a job like any other, there is no situation that would be too difficult to manoeuvre. Women are many in the industry these days, and people now take it as a normal thing,” adds Lucia, who currently works in Crisis of Wamasaa Sacco.

PANDEMIC STRUGGLE
At the moment, the Covid-19 pandemic, which has really hamstrung their work, is

it is still unusual to meet a woman nganya crewmember. It is even rarer to meet one from a different race. But, the well known Lucia Alessandra Murotto, a Caucasian woman conductor, never saw these as barriers to stop her from following her passion. Walking along Nairobi’s Railways bus terminus, where Kitengela matatus are stationed, you will likely meet the 29-year-old shouting herself hoarse calling for passengers, a job she has now served in for over five years.

READ ALSO:   Raphael Tuju returns from UK

Growing up in Kitengela, Kajiado county, Lucia, famously known as Mlami by the area residents owing to her Italian origin, never prayed for something bigger in her future than serving in the matatu industry. Her desire to join the sector grew while she was still in high school, when the single mother of one used to commute daily to school, boarding the renowned decorated matatus of the vibrant route 110 Kitee, and got to interact with the friendly crews.

FALLING IN LOVE

the biggest issue that, like others in the sector, she’s dealing with on the job. “We are only carrying 60 per cent of the bus capacity, so, hitting the profit target becomes an uphill task. To cope, investors have sadly been forced to send some crewmembers home, and we’ve also had to raise fares so as to at least remain afloat,” she explains.

Challenges aside, what Lucia loves the most about her job is how the crews she works with are humble and understanding. “We live like one big family, sticking by each other through thick and thin. We are always there for one another, be it during funerals, weddings, when one of our colleagues gets a child, even birthdays, we come together and offer support,” she beams.

READ ALSO:   Tuju involved in a road accident on his way to Moi’s burial

When not filling matatus with passengers and collecting fares, the last-born in a family of two daughters helps her mum out at her pharmacy in Kisaju. Meanwhile, the nganya culture enthusiasm has rubbed of on her nine-year-old son, who she says knows almost all the Kitengela hot mats by name.

For now, it appears Lucia is in it for the long haul. “I have been dreaming of investing in the matatu industry since I was 16. I would love to take my matatu to Kitengela, Rongai or even Eastleigh, since I have worked on the three routes and I know their ins and outs, ” she concludes.

By PD.co.ke

Continue Reading

Business

Our Thrilling Two Hours Tour at Victory Gardens Phase 3, 4 & 5 on the 18th of September 2020

Published

on

It was a very electrifying afternoon as we mentored our social media followers on how to build positive and remarkable relationships.

We touched on various life issues including how to laugh with a confident and deliberate abandonment, how to build extraordinarily positive relationships in families, workplaces, with God and in our social lives.

We also spared a cool 30 minutes to point at plot beacons for our customers, showing them how trees at this gated community are flourishing plus showing customers how Optiven has done the drainages.

Oh! We even had great fun crawling through one of the drainage culvert, which easily accommodated Optiven Team Leader as he easily crept to the other end. You can catch up with the Facebook Live here: (https://web.facebook.com/watch/?v=776150606288508&extid=GOZRywQJbqSrzSDM)

You can also catch up with the entire episode on You Tube right here: https://youtu.be/apZ14dvBg_g

What’s more, we prayed and prophesied for more customers to start building their dream homes in this gated community; to live victorious, joyfully and peacefully, in this extraordinary project that is located at the heart on Kitengela in Nairobi Metropolis.

If you want to join this remarkable and amazing project or to refer someone, just get in touch with us today. (Every person who refers someone will be mentioned on our next show)

READ ALSO:   Raphael Tuju returns from UK

*Call us now on: 0790 300 300 or 0723 400 500
Visit our website:* www.optiven.co.ke

Continue Reading

Business

Shekinah Gardens Gets Surprise Bonus Value Additions

Published

on

Optiven Engineers have now camped at Shekinah Gardens to start the fencing of the entire property (concrete poles & wire mesh). The concrete poles will be painted green as a sign of customer’s prosperity.

What’s more, Optiven has entered into a contract with Weberworks to do the construction of a 15 meters tall water tower that will be holding 40, 000 liters at a go.

This additional Value Additions will allow customers to experience Value for their properties as it was not part of the initial promise, but as an additional token of love to our Shekinah Gardens customers.

In addition, the roads will be spruced up to make this project the very best in Kajiado Township.

The project is located only 1 Mile from Kajiado Town and less than 0.5 m from the Highway

If you want to join the Shekinah family 👪

Call us on: 0790300300 or 0723400500
Website: www.optiven.co.ke

READ ALSO:   I pay Sh20,000 every month to the party to keep it running- Senator Omanga to Jubilee disciplinary committee
Continue Reading


poapay3

Like us on Facebook, stay informed

NEWS TRENDING RIGHT NOW

2020 Calendar

satellite-communication1.jpg

Trending

error: Content is protected !!