Forgery to cost Kenya ReIN SUMMARY
The NLC tribunal declared the 1997 sale of the land to Kenya-Re null and void, saying the 4.7 acre parcel that was part of the transaction property was Karura Forest land.
Mr Macharia had in a 2004 suit against the Attorney-General claimed that Mr Muigai and Mr Karanja were shareholders of Sceneries, but were unable to contribute capital that would have enabled them to earn their equal stake in the firm, forcing the media mogul and Mr Kibe to strike them out
This means Kenya Re will either have to cede 6.4 acres of the land it has been awarded, or jointly with Mr Macharia, Mr Kibe and Mr Karanja pay President Kenyatta’s cousin Sh405 million going by Kenya Re’s 2014 valuation of the land at Sh6 billion