- PART ONE
- The syndicate behind Banda Homes pocketed more than Khs 3. 9 billion from home buyers, investors received no homes and now the proprietor is engulfed in a fierce land row with the Kenyatta family
After pocketing Ksh 4 billion in the Banda “ghost homes” schemes, top managers at the scandal-scarred Banda homes are now wading into unchartered waters.
President Uhuru Kenyatta’s cousin Kathleen Kihanya accused Banda homes proprietors of land grab, disputing the firms claim over a 20-acre piece of land along Kenyatta Road, about three kilometres from the Thika Superhighway, on which the developer was putting up a Ksh. 1 billion estates for sale
The ghost home developers who have been battling a host of legal suits in the courts over outright fraud and conman ship are now in the eye of a storm with the First Family over land ownership. President Uhuru Kenyatta’s cousin Kathleen Kihanya accused Banda homes proprietors of land grab, disputing the firms claim over a 20-acre piece of land along Kenyatta Road, about three kilometres from the Thika Superhighway, on which the developer was putting up a Ksh. 1 billion estates for sale.
The dispute could be the last nail in the coffin for innocent would-be homeowners, who held high hopes of owning homes as widely advertised in the print and broadcast media; sadly, they are now facing shattered dreams.
Investigations by The Weekly Vision established that more than 100 Kenyans who had sunk their hard-earned money into the fake Banda Homes scheme are planning to move to court. Sources told us that homeowners want their money refunded in full with interests short of which complete homes as they paid for and promised must be delivered to them.
Banda homes, named after Malawi’s former bachelor president Kamuzu Banda who died aged 100 in 2009, have become like the ghost of the former president. What is not clear is whether the frustrated and disappointed “homeowners” who have nothing to show for their princely amounts of money will have to wait for 100 years to see justice as their quest for homes from the smooth-talking real estate’s agent’s turns into pure trauma.
The wait for justice may be long in coming, especially for some still working abroad who assumed they were making a sound investment back home. An elderly Kenyan who was then working in the Netherlands, now retired and back at home, was left traumatised to find that there was not even a foundation for his “dream house” in place.
The elderly man told this writer that he had saved and sunk his entire pension in the scheme, saying he suffers from diabetes and HBP which has since shot up. We established those homeowners sunk in at least Ksh3.9 billion by March 2021 for the incomplete structures now long abandoned construction sites with grass growing back into the cleared thicket.
Like the dam scam involving a bankrupt Italian firm that was paid billions by the state before it could even clear grass on the foundation, Banda home investors are counting heavy losses unable to move or act against the bogus proprietors who seem to enjoy high-level protection from the state.
Despite what many say was a “blatant rip off” little action has been taken apart from CID recording statements with growing fears that the fraudsters may have compromised investigators.
PART TWO Continues tomorrow ……
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