Controversy-ridden Kiambu- based land buying company, Mbo-i-Kamiti, has finally folded following the successful subdivision of its vast properties and the subsequent issuance of allotment letters to its 8,000 members.
This follows years of vicious wrangles which have been linked to the deaths of more than six top officials, including the cold blood killing of then chairman Stephen Waweru.
Fatal confrontations
The company which was founded in 1970 with the assistance of Kenya’s founding President the late Mzee Jomo Kenyatta has since 1988 witnessed bloody confrontations among its leaders which were occasioned by the bid to control its vast assets which are spread across the country.
Issuing the allotment letters at the company offices in Kiambu on Saturday, chairman Thuo Mathenge, who survived an assassination attempt several years ago, said that it was through President Uhuru Kenyatta’s intervention that the exercise of dividing the company’s properties was realised.
Mathenge, who is gunning for the Nyeri governor seat as an independent candidate in the August 8 election called upon Kiambu politicians to stop politicising the former company’s leadership to avoid hurting development in the area. Shareholders were allocated 1/4 and 1/8 of an acre plots with speculators jamming the facility to buy the same from beneficiaries willing to make a quick sale.
Value of land
Value of land in Kiambu has rapidly increased in the recent years with real estate developers placing the value of Mbo-i-Kamiti plots at an average Sh10 to 20 million.
Interventions by successive government’s including former Presidents Daniel Moi and Mwai Kibaki besides powerful politicians from Kiambu including former Cabinet minister Njenga Karume and former Kiambaa MP Stanley Githunguri to help resolve the company’s wrangles did not materialise.
The shareholders thanked Uhuru for his successful intervention saying many of them who had no permanent abode would now settle on their land.
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