November 16, 2024

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Blow to Nachu Riverline investors as new group file petition stopping sale of the land

Blow to Nachu Riverline investors as new group file petition stopping sale of the land

Blow to Nachu Riverline investors as new group file petition stopping sale of the land

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The troubles facing the National Co-operative Housing Union(Nachu), seems to be far from over after a new group of people have laid claim to the multi-billion land in Juja, Mugutha Kiambu County that the cooperative has put up for sale.

More than 100 petitioners have filed a petition at Kiambu County assembly claiming that by virtue of the virtue that they have lived in the land for more than thirty years, they are entitled to compensation or part of the land as the law dictates.

”We have lived here for more than thirty years until we were recently evicted by Nachu and New Pillion with the promise that we will be compensated and part of the land ceded to us. That has not happened and it is now nearly four years ago.We have filed a petition at the Kiambu County Assembly and next week on Thursday we will be filing a petition at Kiambu Law Courts seeking to stop further sale of the land until our issue is addressed,” Patrick Mwanthi Mutunda one of those affected was quoted by a local vernacular radio station as saying.

Blow to Nachu Riverline investors as new group file petition stopping sale of the land
Blow to Nachu Riverline investors as new group file petition stopping sale of the land

The new development complicates the fate of investors who are rallying up to get their title deeds and unlock the stalemate that has been ongoing in court over the ownership of the land.

This as it has emerged that Nachu has been unable to pay New Pillion nearly Ksh 2 billion in arrears and have intentionally withheld the transfer of the title deed to Nachu even to those customers who have completed paying for the project.

The project dubbed River line Ridges is marketed by Finsco Africa.

The petitioners say they don’t blame Finsco Africa but Nachu for being hardliners in the compensation process.