[Source: Business Daily, by Sam Kiplagat]
Centum has vowed to defend ownership of the land where Two Rivers Mall stands after one of the widows of late Cabinet minister Mbiyu Koinange questioned the Sh1.1 billion deal.
In an affidavit filed in court ahead of the distribution of the estate of Mr Koinange, Ms Eddah Wanjiru Mbiyu said a re-survey of the land sold to three parties among them Centum will help in establishing the proper acreage available for distribution. However, Centum has said it is not party to the ongoing case.
Some members of the Koinange family, which is locked in vicious court fight over multibillion- shilling assets, are questioning the size of the land sold to Centum. But Centum has hit back, arguing its purchase was approved and supervised by the High Court, which is handling the Koinange family succession fights.
Some of the family members want Centum to pay for additional land if found to have bought more than the 100 acres. Centum, however, said the transaction was amicably closed in July 2010 through a process supervised by the High Court.
Centum has vowed to defend ownership of the land where Two Rivers Mall stands after one of the widows of late Cabinet minister Mbiyu Koinange questioned the Sh1.1 billion deal.
In an affidavit filed in court ahead of the distribution of the estate of Mr Koinange, Ms Eddah Wanjiru Mbiyu said a re-survey of the land sold to three parties among them Centum will help in establishing the proper acreage available for distribution. However, Centum has said it is not party to the ongoing case.
Some members of the Koinange family, which is locked in vicious court fight over multibillion- shilling assets, are questioning the size of the land sold to Centum. But Centum has hit back, arguing its purchase was approved and supervised by the High Court, which is handling the Koinange family succession fights.
Some of the family members want Centum to pay for additional land if found to have bought more than the 100 acres. Centum, however, said the transaction was amicably closed in July 2010 through a process supervised by the High Court.
[Full article: Business Daily, by Sam Kiplagat]
