Tatu City foreign investors want Nyagah tried
Bidco director Vimal Shah (C) with IFC manufacturing, agribusiness and services regional industry head, sub-saharan Africa German Vegarra (L) Tatu City Limited chairman Nahashon Nyagah (R) during a signing ceremony held at The Serena Hotel on July 17, 2014. PHOTO | FILE
What you need to know:
- Tatu City's foreign investors want former CBK boss prosecuted.
Mr Abdullahi says there has been collusion between state organs and the minority local shareholders to defraud the foreign investors of land worth Sh5.3 billion
Foreign investors in the controversial Sh240 billion Tatu City project have petitioned the Director of Public Prosecutions over delay in prosecuting eight individuals, including former Central Bank of Kenya governor Nahashon Nyagah, after an investigation linked them to fraud.
Lawyer Ahmednasir Abdullahi, acting on behalf of Tatu City and its foreign investors, claimed that a parallel investigation was ordered by a senior police officer in which a recommendation has now been made to get Mr Nyagah and his associates off the hook and instead nail their accusers.
ABUSE OF OFFICE
Mr Abdullahi states that there has been high-level collusion between state organs and the minority local shareholders to defraud the foreign investors of land worth Sh5.3 billion and instead charge them with various criminal offences.
He says high-level corruption, bribery and abuse of office has precipitated the case.
The investors claim they had already sold the prime land to a local developer, Daykio Plantations, but have been unable to transfer ownership upon discovery that their local rivals had unlawfully secured possession of the property through Purple Saturn Properties Ltd.
