Private developer used affordable housing public land to secure Sh1.9bn loan

CEC Patrick Mbogo says Mike Sonko had the title deed for the Jeevanjee estate, but the ex-governor denies this claim...
✨ Key Highlights
A private developer used public land's title deed to secure a Sh1.9 billion loan for an affordable housing project in Nairobi, raising concerns about the legitimacy of the transaction.
- The title deed for Jeevanjee Estate was reportedly used as collateral for the loan from National Bank of Kenya.
- Charles Kerich, Nairobi County CEC for Finance and Planning, indicated that the matter is under investigation.
- Former Governor Mike Sonko stated that he is being made a scapegoat and has claimed that beneficiaries received Sh600,000 in compensation.
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