Sunday, May 26, 2024

Portland Cement advertises 2,800 Mavoko plots; set to kick out ‘squatters’

Co-Op post

The East African Portland Cement Company has advertised the sale of some 2,800 parcels of land in Mavoko area.

The sale, once initiated, will kick out hundreds of families who currently occupy the parcels but who have failed to regularize them.

The plots in the area measure 40*80 and 50*100. Previously, people living on these plots had been given a special offer in which the 40*80 plots were priced at Sh. 600,000 each while the 50*100 plots were priced at Sh. 750,000.

A report that appeared in the Daily Nation on Monday quoted a senior manager at Portland Cement saying that occupants at the Mavoko plots will be given the option of vacating the land voluntarily. Failure to move will force the company to forcefully evict them.

“You cannot continue living in a plot that is not legally yours, you have to vacate or be forcefully evicted. That is what will happen to those who have failed to register their plots,” the official was quoted by the newspaper report.

According to the report, these occupants were to be issued with an offer letter to purchase the plots at the discounted prices.

“After an offer letter was issued to a plot owner, he/she was required to pay a Sh. 100,000 deposit and thereafter get the sale agreement from the firm. Upon completion of the payment, under a three-year-instalments plan, a title deed would be issued,” the report stated.

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The report further added that in 2019, Portland Cement had passed a resolution to sell part of its 16,000-acre land in Mavoko to raise Sh. 45 billion. The money was to be used to settle pending debts and to help turn around the company’s fortunes.

Since this resolution was passed, the troubled cement manufacturer has turned over two parcels of its land to KCB Bank Kenya as part of a debt settlement deal.

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