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Ruaraka Land Investigations
The saga reads like the scenario of a dramatic Hollywood blockbuster.
Many things have been disclosed and we need a settlement, a conclusion.
silent and taciturn tycoons snuck into the public in what appears as an endless comedy of mistakes made by a government buying its own land
.
The receiver can pull the cap on this circus.
It is a fact that the land in question was
Continental Credit Finance Limited for two loans of 186 million shillings. Afrison,
the borrower, defaulting on the loan. To date, the original property documents
are with the official receiver.
Banks, even those under sequestration or
liquidation, are generally quick to recover bad debts. Why the official
Receiver does not auction the land to recover the loan in default?
Assuming that the government had occupied
the ground by force, why the official receiver did not claim
compulsory acquisition? The payment would have relieved the pain of the depositors
Why was the borrower, and not the
Official receiver, claiming compensation from the government? Was there a law
arrangement? Was it in writing? If the loan has been repaid, whether partially or
complete, why does the official receiver still keep the ownership documents?
The answers to these questions
Unlock the truth and stop the Ruaraka Earth Circus!
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