[Source: Business Daily, by Richard Munguti]
Retired President Daniel arap Moi and two other persons have been ordered to pay Sh 1 billion as compensation to the family of a deceased politician whose 85-year-old widow has battled for years over the ownership of an up-market parcel of land measuring 53 acres.
High Court judge Antony Ombwayo Friday declared the hotly contested prime property within Eldoret municipality belongs to the estate of the late Noah Kimngeny Chelungui.
The court directed the widow, Susan Cheburet Chelungui, and her son David K. Chelungui (joint administrators of the estate of the late Chelungui) to be compensated Sh1,060,000,000 by Mr Moi and Rai Plywood (K) Limited for the land.
The judge declined to order that the land reverts to the estate of the deceased, saying investors have heavily developed it.
The Sh 1 billion payout, said the judge, was “commensurate compensation as it is the current market value”.
The land is located on the busy commercial and residential area of Eldoret.
It is also within the industrial, institutional, government and agricultural establishments, with the Eldoret-Malaba Road passing through the property, “which makes it of highest value.”
[Full article: Business Daily, by Richard Munguti]
