Efforts to recover New KCC property ‘not bearing fruit’
Counties
By
Moses Njagih
| Apr 24, 2019
The New Kenya Co-operatives Creameries (New KCC) management yesterday has unsuccessfully been trying to recover the firm’s prime property.
According to New KCC management, the property in question was either grabbed or controversially sold.
Nixon Sigei, the firm’s CEO, told a parliamentary watchdog committee despite spending more than Sh25 million to institute litigation against those occupying the assets, the efforts in the past 16 years bore no fruit.
The Public Investment Committee, chaired by Mvita MP Abdullswamad Nassir, heard that since 2003, the State Corporation has been in search of title deeds for 51 of its assets.
Some of the assets that are subject of court suits are houses in Nairobi West, Kitusuru, Lavington, Upper Hill and Milimani. Others are parcels in Embu, Kangema, Kilgoris, Kipkelion, Kitui, Nyandarua and Thika.
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“We have even approached EACC to help us recover these assets while we also engaged a private lawyer to pursue some of our cases,” said Mr Sigei.
Sigei said they even engaged National Land Commission and Lands ministry in a bid to have titles in the hands of other parties revoked.
The State corporation claimed the plunder happened when KCC, which was largely owned by farmers, was placed under receivership in 1999, before it was bought by KCC 2000, a private firm, for Sh475 million.