Billionaire, pension scheme tussle over city land
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Nairobi, Jan. 17 -- Businessman billionaire Humphrey Kariuki and a pension scheme for Telkom Kenya workers are embroiled in a court tussle over ownership of a prime land parcel in Nairobi.
At the centre of the dispute is a claim by the scheme, Telposta Pension Scheme Trustees Registered, that the land was reserved for public use and was illegally and fraudulently registered in the name of Mr Kariuki's company, Crucial Properties Limited, in 1998.
The scheme argues in the court papers that the transfer and registration of the suit property in the name of the private entity was fraudulent, illegal, wrongful, null and void.
On the other hand, the company claims to be the legitimate owner of the property based on the adverse possession rul...
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