REAL ESTATE

Family claims fraudsters out to possess Caxton House

Share
Share

The saga surrounding the ownership of Caxton House on Kenyatta Avenue is back in the limelight with Sayani Investments alleging a plot to dispossess them.

One of the firm’s four directors, Mr Karim Jetha, said they had sought a renewal of the lease, which the National Lands Commission (NLC) had approved, but there were fraudulent efforts to issue a grant to other people.

The property is among those in Nairobi targeted by “new owners” on the pretext that their leases had expired.

According to Mr Jetha, there is a scheme to transfer three parcels of land — LR 209/923, LR 209/924, LR 209/925 — on which the property stands, to entities named Sadhani Ltd and Keibukwo Investment Ltd.

Even as Mr Jetha described the claimants to the land as fraudsters, investigations revealed that the entities have directed one of the tenants to start paying rent to them.

In 2014, Sayani sought court orders to quash Deed Plan No. 356256 issued by the Director of Survey for the consolidation of the three plots.

It also wanted NLC and the Chief Registrar of Titles, the second and third respondents in the suit, respectively, stopped from issuing grants in respect to the property or plots to any other party.

High Court Judge Roselyne Aburili granted the orders and also directed the second and third respondents to consider issuing grants to Sayani for a renewal term of 50 years as per the approval for renewal granted in 2007.
Mr Jetha said the law gave them preference as existing owners (pre-emptive rights) and challenged those claiming ownership to provide evidence.

NEXT READ: Lulu Hassan gets new job as MultiChoice producer

Surprisingly, all the files at the Land Registry relating to the property, as well as the firm’s records at the Companies Registry, have reportedly gone missing — ostensibly to misrepresent that the company no longer exists.

In a letter in March 2015, Sayani, through its lawyer Fred Ojiambo of Kaplan and Stratton Advocates, sought Attorney-General Githu Muigai’s intervention to restore and secure all company records at the registry.

“The entire family files at Nyayo House have also gone missing with a clear view to destroy all trace of potential children and heirs of Mr and Mrs Sayani,” read the letter.

Leave a comment

Leave a Reply

Your email address will not be published.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

PAST ARTICLES AND INSIGHTS

Related Articles
Sacco Societies Regulatory Authority CEO David Sandagi
SACCOs

SACCOs Loan Book Grows to KSh 596.54 billion in 2025

SACCOs( Savings and Credit Cooperative Societies) disbursed loans amounting to KSh 596.54...

Stanbic Bank Kenya to be custodian for Kenya investors in Dangote IPO
BUSINESS

Stanbic Bank to Act as Custodian Bank for Kenyans in Dangote Petroleum Refinery IPO

Stanbic Bank Kenya has confirmed that it will act as receiving bank...

From left, Agosta Liko-Founder Pesapal & James Maitai-Group Chief Technology Officer Safaricom PLC, during the launch of the next generation MPESA payment experience
TECHNOLOGY

Safaricom, PesaPal Partner to Expand M-Pesa Menu Options

Safaricom and PesaPal have announced the rollout of the next generation payment...

Treasury Cabinet Secretary John Mbadi
SACCOs

SACCOs In Big Relief As Treasury Moves on Employers Withholding their Dues

SACCOs that have been experiencing severe cashflow problems due to employers withholding...