Supreme Court's Daniel Arap Moi land ruling sends banks, buyers into a panic

MzeeMoi59

President Daniel Arap Moi greets his supporters after he was sworn in for a final five-year term in Nairobi. FILE PHOTO | AFP

Banks holding thousands of title deeds as collateral for loans have been thrown into a panic after a landmark Supreme Court ruling that handed back to the public a parcel of land that had changed hands several times from the late President Daniel arap Moi since 1989.

The country’s apex court in April said not even the passage of over 30 years could stop grabbed public land that had undergone multiple successions in private hands reverting back to the public.

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