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How Genuine are These Guys?
Lolest!
#21 Posted : Tuesday, July 07, 2015 11:10:03 PM
Rank: Elder


Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
MaichBlack wrote:

I remember years back there was an "investor" lady who came to Kenya looking for opportunities to invest "Billions of shillings". The Daily Nation run the story of the billionaire business woman in town. She even had an interview on Nation TV. That bought her legitimacy. Wacha the con job began! She conned business men, ministers, senior government officials etc., didn't pay her hotel bills and disappeared!!! I think even the late Joseph Kamotho was conned. Most victims did not come forward for fear of looking stupid yet they were senior officials and "captains of industry"!

The Queen of Sheba from some Caribbean country(was it Trinidad?)

Enyewe conmen have guts! You con a whole country, its media and leaders.
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
MaichBlack
#22 Posted : Wednesday, July 08, 2015 6:56:55 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,455
This is what KRA does to you once you (and your wealth) are in the news!!!

Be warned!!! Hapana payuka payuka ovyo ovyo!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
newfarer
#23 Posted : Wednesday, July 08, 2015 7:11:46 AM
Rank: Elder


Joined: 3/19/2010
Posts: 3,504
Location: Uganda
MaichBlack wrote:



Have they ever done this to akina Sonko and kabogo

..
But ooh boy this man is in deep shit...
punda amecheka
Othelo
#24 Posted : Wednesday, July 08, 2015 8:16:26 AM
Rank: User


Joined: 1/20/2014
Posts: 3,528
newfarer wrote:
MaichBlack wrote:



Have they ever done this to akina Sonko and kabogo

..
But ooh boy this man is in deep shit...

Warlords, untouchable. You try, you rest usalamani!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
Fomoney
#25 Posted : Wednesday, July 08, 2015 9:40:06 AM
Rank: Member


Joined: 7/9/2006
Posts: 79
The operative phrase is "get a good lawyer", they don't come cheap, and if you've lost money the last thing you want is a lawyer sending you a bill. And of course saving yourself the embarrassment.
quicksand
#26 Posted : Wednesday, July 08, 2015 12:02:13 PM
Rank: Veteran


Joined: 7/5/2010
Posts: 2,061
Location: Nairobi
MaichBlack wrote:


And when you don't have immaculate records of account, traceable and verifiable for credits and debits, they literally pull figures of your estimated income and assets out of thin air!
Poor guy ataona cha mtemakuni....
Even akina Kabuffalo and Sonko are not safe (in the long run) Tax liability never expires, the taxman waits, watching, taking notes, and one day the godfathers exit the scene, and he strikes,...Mutula Kilonzo could have told them a story or two when he was alive.
MaichBlack
#27 Posted : Wednesday, July 08, 2015 1:24:30 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,455
newfarer wrote:
MaichBlack wrote:



Have they ever done this to akina Sonko and kabogo

..
But ooh boy this man is in deep shit...

When it rains, it pours!!!

I am sure the man now knows what this statement means!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
MaichBlack
#28 Posted : Wednesday, July 08, 2015 1:33:32 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,455
quicksand wrote:
MaichBlack wrote:


And when you don't have immaculate records of account, traceable and verifiable for credits and debits, they literally pull figures of your estimated income and assets out of thin air!
Poor guy ataona cha mtemakuni....
Even akina Kabuffalo and Sonko are not safe (in the long run) Tax liability never expires, the taxman waits, watching, taking notes, and one day the godfathers exit the scene, and he strikes,...Mutula Kilonzo could have told them a story or two when he was alive.

True, hiyo pesa yao Italiwa na corrupt KRA officials or the tax man will definitely get a huge piece of the pie when these fellows no longer have godfathers and political patronage to protect them. Ama pesa ipelekwe numbered accounts in the caymans Islands! That is why idiot politicians are ready to shed blood of innocent Kenyans because they know what losing that power means!!! You could lose almost everything in a heartbeat. Or keep the people currently in power well "renumerated" or they press some buttons!!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Kusadikika
#29 Posted : Wednesday, July 08, 2015 9:11:56 PM
Rank: Elder


Joined: 7/22/2008
Posts: 2,703
jaggernaut
#30 Posted : Wednesday, July 08, 2015 9:47:32 PM
Rank: Elder


Joined: 10/9/2008
Posts: 5,389
Dinara currently being featured on KTN business.
whiteowl
#31 Posted : Wednesday, July 08, 2015 10:34:25 PM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
[quote=Kusadikika]Wako wengi siku hizi:

http://www.businessdaily...2/-/8mv8qn/-/index.html[/quote]

Was there a directive issued for people to declare their personal wealth publicly? SMH!
MaichBlack
#32 Posted : Wednesday, July 08, 2015 11:02:43 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,455
whiteowl wrote:
[quote=Kusadikika]Wako wengi siku hizi:

http://www.businessdaily...2/-/8mv8qn/-/index.html[/quote]

Was there a directive issued for people to declare their personal wealth publicly? SMH!

Seeking fame only to end up losing a fortune. Ujinga ni mingi Kenya!

Hata huyu Njiraini yuko njiani!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
nikimani
#33 Posted : Thursday, August 20, 2015 3:27:46 PM
Rank: New-farer


Joined: 1/9/2012
Posts: 23
I saw an advert in the Daily Nation yesterday posted by these guys. According to the advert, they are located at Oak Plaza Thika.

They [according to the advert] are selling one bedroom and two bedroom apartments in Makongeni behind Shell petrol stations. A two bedroom apartment is going for 1.6 Million.

One: Anyone who has dealt with them before? Are they the real deal or just part of the Land & Property Fraud Inc.

Two: How much are rents in that area of Makongeni. The idea is to rent out the apartment after buying it and I want to see if it makes economic sense.

Of course I will do proper due diligence [depending on the information/advice I get here] but it helps to get the preliminary analysis before.

Hi MaichBlack,
i just want to offer my assistance on purchasing a unit from Dinara developers.
1. Dinara developers are legitimate developers with a focus on offering affordable housing solutions. The houses range from 2.5m to 12m. There are currently 6 developments in different locations.
They are currently located at Westlands, Nairobi, Sound Plaza,
10 Woodvale Groove, 3rd Flr.
2. The units at makongeni that are currently priced at 4m for a two bedroom ,they are 70% sold off and completion is at November 2015.
Phase 2 of the same was advertised in the daily nation on 18th, page 25. an 2brdm all ensuite unit selling at 3.75M offplan
3. the rental income for a two bedroom master ensuite is around Ksh.25000

feel free to drop me an email at optionsrealestate254@gmail.com if your still interested.
mugo2of3
#34 Posted : Tuesday, April 11, 2017 6:09:46 PM
Rank: New-farer


Joined: 5/22/2014
Posts: 78
nikimani wrote:
I saw an advert in the Daily Nation yesterday posted by these guys. According to the advert, they are located at Oak Plaza Thika.

They [according to the advert] are selling one bedroom and two bedroom apartments in Makongeni behind Shell petrol stations. A two bedroom apartment is going for 1.6 Million.

One: Anyone who has dealt with them before? Are they the real deal or just part of the Land & Property Fraud Inc.

Two: How much are rents in that area of Makongeni. The idea is to rent out the apartment after buying it and I want to see if it makes economic sense.

Of course I will do proper due diligence [depending on the information/advice I get here] but it helps to get the preliminary analysis before.

Hi MaichBlack,
i just want to offer my assistance on purchasing a unit from Dinara developers.
1. Dinara developers are legitimate developers with a focus on offering affordable housing solutions. The houses range from 2.5m to 12m. There are currently 6 developments in different locations.
They are currently located at Westlands, Nairobi, Sound Plaza,
10 Woodvale Groove, 3rd Flr.
2. The units at makongeni that are currently priced at 4m for a two bedroom ,they are 70% sold off and completion is at November 2015.
Phase 2 of the same was advertised in the daily nation on 18th, page 25. an 2brdm all ensuite unit selling at 3.75M offplan
3. the rental income for a two bedroom master ensuite is around Ksh.25,000

feel free to drop me an email at optionsrealestate254@gmail.com if your still interested.


Dear Wazuans.

On this topic, I wish to gather members opinions about these developers.

Dinara are offering a Phase 2 on Kiambu Road. A friend bought into Phase 1 and this is around halfway done.

So far they appear to be a rather genuine outfit.

I/we are considering getting into their Phase 2
Dinara-GrandVille

https://ibb.co/cX1Td5

As always, your advice/opinions are welcome
kushywushy
#35 Posted : Thursday, June 01, 2017 9:48:27 PM
Rank: Hello


Joined: 6/1/2017
Posts: 1
Mugo, did you ever invest with the Dinara guys? I was curious about their Grandville as well but have heard some questionable things about them. I have seen some of their projects and know they can deliver but I also get the sense they are very aggressive in pushing for money/sales. I wonder if they are capital constrained
Bigchick
#36 Posted : Sunday, February 03, 2019 1:45:50 PM
Rank: Elder


Joined: 2/8/2013
Posts: 4,068
Location: At Large.
There is a whattsapp going round on this guys.Not a very good story...(Sorry I am u able to post it here.So no link)

They have metamorphosed from DINARA to LETTAS and then BANDA HOMES.

We might be staring at another Gakuyo story here but we wait and see lest its business rivalry.

Being a victim of their DINARA PROJECT in Thika,I believe the story is true but hope for the best.

Food for thought:-why are most land cons from Thika?

Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
Jimmii
#37 Posted : Sunday, February 03, 2019 2:17:50 PM
Rank: New-farer


Joined: 10/29/2018
Posts: 14
Location: Nairobi
There was an anonymous post to Nyakundi's site yesterday but it has since been removed, this was the link I had received: https://cnyakundi.com/banda-homes-pyramid-scheme/

It claimed the owners keep changing company names when each company's reputation soils and to get funding for the previous project, like a pyramid scheme.
kangi
#38 Posted : Sunday, February 03, 2019 3:11:06 PM
Rank: Member


Joined: 7/23/2009
Posts: 526
🤔🤔🤔C&P

Accept no one's definition of your life; define your life.
Bigchick
#39 Posted : Sunday, February 03, 2019 3:25:18 PM
Rank: Elder


Joined: 2/8/2013
Posts: 4,068
Location: At Large.
Here you go.This is a C&P

*Buyer Beware* Kenyans are so gullible

🤔🤔🤔

Banda homes pyramid scheme

Hello Sir,

I will try to keep this as brief as possible while giving as much info as I can on this company 'Banda homes', and why I believe it will dwarf Suraya Property and Ekeza sacco fraud in a couple of months or so.

Our major failure as Kenyans is that we labor hard to make money but are too lazy to conduct due diligence before laying down our hard earned money in investments. Any company advertising on our TV, radio stations, Internet and billboards is deemed legit enough to put our coins into.

Banda homes is an offplan developer meaning they sell off houses at design stage and builds them as monthly instalment are paid along the duration of construction. It started out as Dinara developers around 2011, then Lettas developers around 2013, then Banda homes in 2018. The directors mastered the art of rebranding each time after soiling their reputation of not delivering on their projects through mismanagement of funds.
As we speak now there are projects started as far back as 2011 that are still ongoing, and still today you have customers buying into Banda homes as they are unaware of this fraudulent past.

At the center of this circus is a man Andrew Kamau Muhiu the mastermind of all this. A 35 yr old fellow living a good life with a dozen homes high end vehicles and several women in line. (Brother to the late lawyer Paul Magu Muhiu, who committed cult killings of his wife and 3 children, before committing suicide back in 2015).
He hides behind curtains and has put up his former employees as directors so that them that check on Banda homes don't stumble on his fraudulent name.

The fraud
Mr Kamau has court cases to his neck from his previous unfinished projects from mismanagement in Dinara and Lettas developers. Some projects are in Thindigua and a handful in Thika. His solution was to raise funds externally to plug the deficit as the cases were not going away and have been on for years.

Enter Banda
In January 2018 he launched two housing estates in Kimunyu, Kenyatta Rd. Through vigorous marketing sold out about 100units securing a deposit of 150M (houses cost 4M, deposit of 1.5M bal in 10months).
Part of this money went to clear deficits of his previous failed projects.
He further launched more estates between January and April 2018 with most being along Kenyatta Rd. Off Thika Rd and some in Kikuyu near Sigona totalling about 900 units and collecting deposits of about Sh.1.5Billion.
This amount was used to partly pay for the land of the estates and about Sh.200M diverted to finish up the old projects.
Going forward he had a deficit of about Sh.300M diverted to old projects. Also a lion share of these deposits was used to purchase the pieces of land.

Enter Kenyatta family land
Mr Kamau convinced one of the heirs of the Kenyatta family to sell him a 20 acre piece for 7million per acre. He had 145 housing units designed on this piece of land and sold them out in a month getting about Sh.218M in deposits, he used this to pay part of the land cost and to cover back the Sh.300M diverted from Banda homes.
When Former First lady Mama Ngina heard about the price their family land was sold at she rejected the sale and returned the deposit to Banda homes (should have been 15M per acre). That's when this story was aired in the media in September last year.
Most buyers came for their refunds but we're told to wait, as there was no money anyway. This is when the rain started beating them.
Banda homes went on to launch two more estates with about 300units, seeking to solve their issues with customer deposits.

In all these estates customers were expected to continue with monthly instalments of about 300,000 each, to support ongoing construction. But on noticing very slow progress despite the consistent payments, most started holding on further payments until they see satisfactory progress on their housing units.

Them that have bought into the estates are trapped as there is a clause in the contract that says you forfeit 40% of your initial deposit if you choose to pull out of the contract.

Problem is more and more Kenyans are still buying into this estates not knowing what awaits them. They are roped in by cheap prices and a vigorous marketing machine 'The Property Show' included.

When Kenyans finally realize the truth and Banda homes cannot get any more deposits, the chicken will come home to roost. Before us will be a developer who has duped us to invest in over 1500 units, mismanaged over Sh.3Billion of Kenyans money and counting not delivered on any of them (to put this in perspective, some of these estates have only done bush clearing despite having been sold out).

Like pyramid schemes the lifeline of Banda homes has been deposits from new buyers, being the reason the company has launched estates totalling 1500units in just a year, who can beat this record.

*Until then give knowledge to them that are too lazy to do due diligence.*
Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
Wororo
#40 Posted : Sunday, February 03, 2019 4:21:36 PM
Rank: Member


Joined: 1/30/2011
Posts: 207
Bigchick wrote:
Here you go.This is a C&P

*Buyer Beware* Kenyans are so gullible

🤔🤔🤔

Banda homes pyramid scheme

Hello Sir,

I will try to keep this as brief as possible while giving as much info as I can on this company 'Banda homes', and why I believe it will dwarf Suraya Property and Ekeza sacco fraud in a couple of months or so.

Our major failure as Kenyans is that we labor hard to make money but are too lazy to conduct due diligence before laying down our hard earned money in investments. Any company advertising on our TV, radio stations, Internet and billboards is deemed legit enough to put our coins into.

Banda homes is an offplan developer meaning they sell off houses at design stage and builds them as monthly instalment are paid along the duration of construction. It started out as Dinara developers around 2011, then Lettas developers around 2013, then Banda homes in 2018. The directors mastered the art of rebranding each time after soiling their reputation of not delivering on their projects through mismanagement of funds.
As we speak now there are projects started as far back as 2011 that are still ongoing, and still today you have customers buying into Banda homes as they are unaware of this fraudulent past.

At the center of this circus is a man Andrew Kamau Muhiu the mastermind of all this. A 35 yr old fellow living a good life with a dozen homes high end vehicles and several women in line. (Brother to the late lawyer Paul Magu Muhiu, who committed cult killings of his wife and 3 children, before committing suicide back in 2015).
He hides behind curtains and has put up his former employees as directors so that them that check on Banda homes don't stumble on his fraudulent name.

The fraud
Mr Kamau has court cases to his neck from his previous unfinished projects from mismanagement in Dinara and Lettas developers. Some projects are in Thindigua and a handful in Thika. His solution was to raise funds externally to plug the deficit as the cases were not going away and have been on for years.

Enter Banda
In January 2018 he launched two housing estates in Kimunyu, Kenyatta Rd. Through vigorous marketing sold out about 100units securing a deposit of 150M (houses cost 4M, deposit of 1.5M bal in 10months).
Part of this money went to clear deficits of his previous failed projects.
He further launched more estates between January and April 2018 with most being along Kenyatta Rd. Off Thika Rd and some in Kikuyu near Sigona totalling about 900 units and collecting deposits of about Sh.1.5Billion.
This amount was used to partly pay for the land of the estates and about Sh.200M diverted to finish up the old projects.
Going forward he had a deficit of about Sh.300M diverted to old projects. Also a lion share of these deposits was used to purchase the pieces of land.

Enter Kenyatta family land
Mr Kamau convinced one of the heirs of the Kenyatta family to sell him a 20 acre piece for 7million per acre. He had 145 housing units designed on this piece of land and sold them out in a month getting about Sh.218M in deposits, he used this to pay part of the land cost and to cover back the Sh.300M diverted from Banda homes.
When Former First lady Mama Ngina heard about the price their family land was sold at she rejected the sale and returned the deposit to Banda homes (should have been 15M per acre). That's when this story was aired in the media in September last year.
Most buyers came for their refunds but we're told to wait, as there was no money anyway. This is when the rain started beating them.
Banda homes went on to launch two more estates with about 300units, seeking to solve their issues with customer deposits.

In all these estates customers were expected to continue with monthly instalments of about 300,000 each, to support ongoing construction. But on noticing very slow progress despite the consistent payments, most started holding on further payments until they see satisfactory progress on their housing units.

Them that have bought into the estates are trapped as there is a clause in the contract that says you forfeit 40% of your initial deposit if you choose to pull out of the contract.

Problem is more and more Kenyans are still buying into this estates not knowing what awaits them. They are roped in by cheap prices and a vigorous marketing machine 'The Property Show' included.

When Kenyans finally realize the truth and Banda homes cannot get any more deposits, the chicken will come home to roost. Before us will be a developer who has duped us to invest in over 1500 units, mismanaged over Sh.3Billion of Kenyans money and counting not delivered on any of them (to put this in perspective, some of these estates have only done bush clearing despite having been sold out).

Like pyramid schemes the lifeline of Banda homes has been deposits from new buyers, being the reason the company has launched estates totalling 1500units in just a year, who can beat this record.

*Until then give knowledge to them that are too lazy to do due diligence.*


Same write up (online) with comments...
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