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JNP Properties & Jopa Villas Hses- Is this a con
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manuela
#21 Posted : Friday, February 20, 2009 7:38:00 AM
Rank: Member

Joined: 2/19/2009
Posts: 1
Am one of the clients for Jopa Villas and i have talked to their Nairobi office.I found out that they are in court with th USA bank.

My understanding is that all the deposits will be refunded once they sort things out with Opic.
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Kaigangio
#22 Posted : Friday, February 20, 2009 9:31:00 AM
Rank: Elder

Joined: 2/27/2007
Posts: 2,768
If this JP thing was advanced $7.1m and the guy vyed for a parliamentary seat in limuru which he lost,then I would suggest you dont bother calling the proprieter or his office. Seek a legal redress.......

NEVER TALK OF A RHINO IF THERE IS NO TREE NEAREBY - ZULU PROVERB
...besides, the presence of a safe alone does not signify that there is money inside...
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Sasha
#23 Posted : Friday, February 20, 2009 9:47:00 AM
Rank: Veteran

Joined: 9/5/2007
Posts: 627
Jopa Villas was placed in receivership last year. OPIC recalled the entire loan amount after John Paul refused to meet to set a repayment plan. John Paul had collected deposits from more than 120 people for the houses but decided to divert the money to other projects which were supposed to be completed in 2006.

Those who expect a refund may have to wait for a much longer time. The total indebtedness of Jopa to OPIC is far much more than the value of the property owned by Jopa! Plus John Paul has gone to court to contest the appointment of receivers!

Best case scenario would be OPIC selling the whole project and the new owner completing the building. The depositers would then pay the balance and own their houses on completion.

Worst case scenario: The court case could drag forever! This may turn into another Halai! Plus we don't know whether John Paul sold the same house to multiple buyers! I feel sorry for the depositers!


Immorality: The morality of those who are having a better time!
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bonnyboy
#24 Posted : Friday, July 10, 2009 5:29:00 PM
Rank: Member

Joined: 6/5/2008
Posts: 7
here is the evidence. JNP lives in Sacramento California The rumor is he is apparently trying to change his name. This man is a conman. He took our money and gave us nothing for it. I know people who tried to serve him and he apparently told the sherif he was not JNP but JNP son. He apparently claimed his father is the one doing business in Texas... So you tell me this is not a conman and I ask you to show me who is. I recommend we all write to Dilloit the appointed receivers and claim our share of the money. I can be reached at wasike_joseph at yahoo.com. JNP lives in Sacramento california..I will find his address and post it here... mwizi ni mwizi.. http://ea.nationmedia.co...Print/25_05_2009_004.pdf
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jitetee
#25 Posted : Saturday, July 11, 2009 6:47:00 AM
Rank: Member

Joined: 6/12/2008
Posts: 92
Jopa Villas is under receivership? I must have escaped by the skin of my teeth. I went and demanded my 1% deposit sometime late last year (cant remember the date). Phew! Problem is they gave me back less some 8K but better that than kupoteza yote. Hope people can get their money back and better yet that JP can get nailed.

Time and chance happen to all.
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Mr.Tea
#26 Posted : Saturday, July 11, 2009 10:05:00 AM
Rank: Member

Joined: 12/4/2008
Posts: 341
Location: Nairobi
In Real estate as in any other investment venture,it is incumbent upon the investor to carry out their own due diligence before commission of funds. This project was doomed to fail due to the imprudence with which the financing of the project was structured. I do not deem this to have been a scheme hatched up oversees with the sole intention to defraud Kenyans.It simply could not work in its format. Pole for all those who put in their funds.I hope a way is found to recover the same.

Patience Pays in Guaranteed Checks
Patience Pays In Guaranteed Checks.
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Ken K
#27 Posted : Saturday, July 11, 2009 10:10:00 AM
Rank: Member

Joined: 10/19/2006
Posts: 84
Now you know how he got his plane.
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SUSU
#28 Posted : Saturday, July 11, 2009 10:44:00 AM
Rank: Member

Joined: 11/14/2006
Posts: 64
Location: Far East
@Mr.Tea,

I realy like ur knowledge in Real Estate ..U r just good... can I have ur Email pls?.


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Mr.Tea
#29 Posted : Monday, July 13, 2009 4:27:00 AM
Rank: Member

Joined: 12/4/2008
Posts: 341
Location: Nairobi
@SUSU,
Thanks for the compliment. I work in the sector. You could email me on jarsofclayltd at yahoo dot co dot uk

Patience Pays in Guaranteed Checks
Patience Pays In Guaranteed Checks.
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Sasha
#30 Posted : Monday, July 13, 2009 6:02:00 AM
Rank: Veteran

Joined: 9/5/2007
Posts: 627
@bonnyboy: Writing to the receivers demanding payment will not yield anything. As far as a receiver is concerned, you are an unsecured creditor. Receivers have no power to deal with unsecured creditors. The receiver will tell you that your claim will be dealt with after the secured creditor is paid in full.

@Mr Tea: The project was well intended. The problem came when JNP started diverting the money disbursed by OPIC. If he had stuck to the plan, he would have paid the loan comfortably as indicated by the interest generated in the houses. More than 120 people had made deposits for the houses! Greed and conmanship is what killed the Jopa Villas dream!


Immorality: The morality of those who are having a better time!
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