Chris Kirubi Two Rivers Mall: The Two Rivers Mall which is associated with billionaire industrialist Chris Kirubi has vowed to fight back in an inheritance row that has dragged it to the court.
The row involves members of the late Jomo Kenyatta ally Mbiyu Koinange. Through Centum, which owns Two Rivers and of which Kirubi is the single largest shareholder, Two Rivers says in a court affidavit that a survey will prove that it sits on legally and legitimately acquired land.
Chris Kirubi’s Two Rivers at centre of Mbiyu Koinange inheritance battle
One week ago, one of the one of the widows of Mbiyu Koinange, Eddah Wanjiru Mbiyu, questioned the Sh. 1.1 billion deal. She has applied for the re-surveying of a parcel of land sold by the family to Kirubi’s Centum Ltd. Apparently, Ms. Wanjiru claims that Centum bought in excess of the quoted 100 acres. “The Two Rivers land was under a property dubbed Closeburn, which had 600 acres that has recently been subdivided. About 260 acres of the property were sold to an international investment group and another 100 acres to Centum Investment. The remaining 240 acres are valued at Sh. 2.88 billion. The daughter of Koinange, Lenah, was accused of hiving off another 88 acres of land adjacent to Two-Rivers Mall—which is considered the juiciest assets among the properties of the late minister.
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The reapplication comes as the latest hurdle in a long standing family property battle that has derailed the distribution of the late Koinange’s multi billion assets.
According to a statement that was signed by Centum chief executive officer James Mworia, Centum and or any of its affiliates remains ready to defend its rightful possession of the land on which the mall was built.
According to a report that appeared in the Business Daily, the Two Rivers land was under a property dubbed Closeburn, which had 600 acres that has recently been subdivided.
“About 260 acres of the property were sold to an international investment group and another 100 acres to Centum Investment. The remaining 240 acres are valued at Sh. 2.88 billion. The daughter of Koinange, Lenah, was accused of hiving off another 88 acres of land adjacent to Two-Rivers Mall, considered the most prime asset among the properties of the late minister,” says the report.