Lapfund takes over Mariakani estate as suit flops

The Local Authorities Pension Fund (Lapfund) has taken control and management of Mariakani residential estate in Nairobi after the Court of Appeal declined to grant a request to stop the takeover.

A three-judge bench said the applicant, Mr Benson Mutura (County Assembly Speaker), failed to prove his intended appeal against the High Court’s decision that allowed the takeover in April is arguable.