How Time Value Of Money Could Affect Ruto

During the HardTalk show, DP Ruto admitted that the land where Weston hotel stands was illegally acquired.

However, Ruto said that the people who sold it to him had illegally acquired the property, citing that he obtained it rightfully from them observing all legal procedures.

https://www.youtube.com/watch?v=0CERJAyhvdo&t=337s
William Ruto On HardTalk Show

Dr. Ruto added that he is doing everything possible to ensure that the illegalities are corrected.

Little did he know that the confession would earn him a big financial blow. IT just dawned to him when the National Lands Commission reiterated.         

” Deputy President William Ruto must pay for the Weston Hotel land at current market value as he pursues the seller,” the National Lands Commission has said.

Since the value of land appreciates, the controversial land will cost him more money than he used to purchase it.

Outgoing NLC vice chair Abigael Mbagaya said this will enable the Kenya Civil Aviation Authority (KCAA) buy land of similar size and value.


National Land Commission Vice Chairperson Abigael Mbagaya (left) and Chairman Muhammad Swazuri in Parliament. Mbagaya said William Ruto must pay for the parcel at current market value Read more:

” If he wants, he can go after the people who sold it to him…. that’s what we are doing…you return it because it’s you we have caught on the ground then you chase whoever else who sold it to you to recover your money,” Mbagaya said on Tuesday.

According to Mbagaya, NLC has directed that a valuation be carried out on the land where the controversial hotel sits and a report will be shared with the public.

Mbagaya further denied claims that there was any political influence in the decision on how Weston Hotel should compensate KCAA.

“How can there be political influence when you are telling somebody to pay restitution to the people of Kenya?” she posed.

This comes a week after DP Ruto acknowledged that the Weston Hotel land was illegally acquired.

controversial Weston Hotel

According to KCAA’s legal services manager, Cyril Wayong’o, the Weston Hotel land originally belonged to the East Africa Community which collapsed in 1977.

It had been developed and was being used as storage premises for the machinery and aviation equipment of the then Directorate of Civil Aviation (DCA).

However, on June 29, 1999, then-Commissioner of Lands, Sammy Mwaita, wrote to the Directorate of Civil Aviation, indicating he had received an application from a church group that wanted to build a church on the site.

Lawyer Ahmednassir Abdullahi for the DP, told the national land commissioners that Dr. Ruto acquired the land in 2007 for Ksh.10million from Priority Management Ltd and Monene Investments Limited.

NLC, in its recommendations, said they could not verify if the process of land allocation was illegal as none of the parties had presented evidence before it.

The commission then confirmed that the controversial Weston land belonged to KCAA.

The tenure of the current NLC Commissioners ends on Tuesday having been in office for the last six years.

Leave a Reply

Your email address will not be published. Required fields are marked *