Some shareholders say that besides the 16,000 hectares in Ruai, the group also owns 700 acres in Kitengela, 300 acres in Syokimau and 800 acres in Ngong, yet a programme to issue title deeds only covers Ruai.
Under the umbrella of Ruai-Embakasi Welfare Group, they expressed fears that the State ordered winding up exercise — initially expected on February 1 but now pushed to August — could benefit at least 10,000 fraudsters in the register.
A section of Embakasi Ranching Company shareholders want the current winding up process to include land beyond Ruai.
They say that besides the 16,000 hectares in Ruai, the group also owns 700 acres in Kitengela, 300 acres in Syokimau and 800 acres in Ngong, yet a programme to issue title deeds only covers Ruai.
“This will mean your titling exercise repossess the genuine shareholders a further 1,800 acres beside other assets that the successive managements have been turning into a cash cow,” they say in a petition to President Uhuru Kenyatta who has been pushing for the process they now want to be halted.
Under the umbrella of Ruai-Embakasi Welfare Group, they expressed fears that the State ordered winding up exercise — initially expected on February 1 but now pushed to August — could benefit at least 10,000 fraudsters in the register.
Spokesperson Joseph Njenga says the clean register is supposed to have only 3,000 shareholders who passed the demarcation resolution in 1989.
“We fear that in your hurry to wind up this company, a grave injustice will be legalised through the issuance of title deeds.
“You stand to reward 10,000 fraudsters who were awarded our lands through runaway corruption,” they say.
In the attached documents, the shareholders said the ranch was founded in 1972 and the shareholders promised residential plots measuring 100 by 100 feet as well as a bonus plot of the same size.
Further, each shareholder was to get one acre of agricultural land and annual dividends that stopped in 1989.
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