Court halts transfer of ex-MPs Sh2bn land in loan default case

Former Limuru MP George Nyanja.

Photo credit: File | Nation Media Group

The Supreme Court has frozen the transfer of a 25-acre Karen land worth over Sh2 billion associated with former Limuru MP George Nyanja as it prepares a landmark judgment on whether loan defaulters can reclaim auctioned property.

The apex court has halted Kingdom Bank and the property purchaser, Redmars Holdings, from occupying or transferring the land to a third party following Nyanja's defeat in the Court of Appeal.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.