{UAH} Pojim/WBK: Battle looms over billion-shilling properties

http://www.nation.co.ke/news/Daniel-Moi-Nicholas-Biwott-Dispute-Assets/-/1056/2436052/-/uowh1j/-/index.html

Battle looms over billion-shilling properties

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Mr Moi, Mr Biwott and Mr Kulei. FILE PHOTOS |  NATION MEDIA GROUP

In Summary

• It is not clear why the two men have chosen to engage in legal battles at this moment in time.
• Sources familiar with the ongoing battle by Mr Moi and Mr Biwott say that there may be other assets in dispute ranging from buildings and shares in companies to land.

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By MIKE OWUOR
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A vicious battle for control of multi-billion-shillings in assets linked to former President Daniel arap Moi and Kanu-era cabient minister Nicholas Biwott is taking shape.

In what sources familiar with the intrigue say could be a wider scheme to reclaim property previously held in trust by associates of Mr Moi and Mr Biwott, there are fears the dispute could end up in court and partly expose the extent of the wealth of the two individuals.

However, it is not clear why the two men have chosen to engage in legal battles at this moment in time.

People close to their families say perhaps those who stand to inherit would like the property to revert to the principals from the nominees who were entrusted with it.

Sources familiar with the ongoing battle by Mr Moi and Mr Biwott say that there may be other assets in dispute ranging from buildings and shares in companies to land.

Mr Moi, who is celebrating his 90th birthday on Tuesday, governed Kenya for 24 years and is said to be one of the wealthiest individuals in the country with business interests straddling the financial sector, media, real estate and farming.

The Kroll report commissioned by the Narc administration in 2003 alleged he owned some of his property in partnership with Mr Joshua Kulei and Mr Biwott among others.

The full story is published in the Sunday Nation, August 31, 2014.

Ocen Nekyon

Democracy is two Wolves and a Lamb voting on what to have for lunch. Liberty is a well-armed Lamb contesting the results.

Benjamin Franklin

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