A real estate company boss is facing legal action after allegedly scamming a customer out of Ksh.6.4 million for a house in Syokimau. The complainant, who filed the case in court, claims to have made the payment seven months ago, but no construction work has begun on the property.
The individual, whose identity remains protected, reported that they paid the full Ksh.6.4 million as a deposit for a house that was promised to be built in Syokimau, a fast-growing area just outside Nairobi. Despite the large sum paid, there has been no progress on the construction site, and the house has not been delivered as promised.
According to the complainant, the deposit was made in good faith, under the belief that the construction would begin promptly. However, after waiting for months with no action taken, they approached the real estate company to seek answers. The company, led by the accused, allegedly failed to provide any clear explanation or assurances regarding the status of the project.
The case has now moved to court, with the real estate boss, identified as Maalim, facing charges related to fraudulent dealings and failure to deliver on a contractual agreement. The complainant claims that the funds were handed over based on the company's assurances that the house would be ready within a specified time frame. However, that deadline passed without any construction being initiated, leading to the legal action.
The court case highlights the growing concerns over fraudulent activities within the real estate sector, especially in areas like Syokimau, where demand for housing is high. Many buyers in these rapidly developing areas are now more cautious and seeking legal protections when dealing with property developers. As the case continues, both the complainant and the real estate boss will likely present their sides in court, with a ruling expected in the coming months.
The outcome of this case could set a precedent for how similar real estate disputes are handled in Kenya, especially as property fraud remains a significant issue in the country.
Business
Tanzania Lifts Ban on Agricultural Imports from Malawi, South Africa
Tanzania has lifted its recently imposed ban on agricultural imports from Malawi and South Africa to allow diplomatic talks aimed at resolving the dispute.
California Surpasses Japan to Become World’s Fourth Largest Economy
California’s economy has officially surpassed Japan’s, making the U.S. state the fourth largest economy in the world.
Bank of Ghana to Start Regulating Cryptocurrency by September 2025
The Bank of Ghana (BoG) plans to begin regulating cryptocurrency platforms and virtual asset providers by the end of September 2025, according to Governor Dr.
Kenya Airways Diverts Flights from JKIA Due to Heavy Fog
Early this morning, heavy fog covered much of Nairobi, leading to flight disruptions at Jomo Kenyatta International Airport (JKIA).
Ghana’s Producer Price Inflation Drops to 24.4% in March 2025
Ghana's Producer Price Inflation (PPI) fell to 24.4% in March 2025, down from 27.6% in February, according to new data from the Ghana Statistical Service (GSS).
Access Holdings Reports N642bn Profit and 88% Revenue Growth
Access Holdings Plc has announced a profit after tax of N642 billion for the full year ending December 31, 2024, marking a 3.7 percent increase from the N619.32 billion posted in 2023.
MOGO Uganda and Airtel Launch Affordable Smartphone Loan Plan
MOGO Uganda, a leading asset financing company, has teamed up with Airtel Uganda to offer an affordable smartphone loan program aimed at increasing access to Tecno, Infinix, and itel devices for Ugandans.
Umeme Declares Dispute With Government Over Buyout Disagreement
Umeme Limited has officially raised a dispute with the Government of Uganda over the Buy Out Amount owed at the end of its electricity distribution concession.
Access Bank Acquires National Bank of Kenya From KCB Group
Access Bank has officially taken over the National Bank of Kenya (NBK) after receiving final approval from regulators.
Jubilee Health Doubles Profit, Reports 142% Surge in 2024
Jubilee Health Insurance Limited (JHIL) has posted a 142% rise in profit before tax for 2024, reaching KES 1.22 billion.
Safaricom Schedules M-Pesa Maintenance for April 7, 2025
Safaricom has announced that its M-Pesa mobile money service will undergo scheduled maintenance on Monday, April 7, 2025, from 1:00 am to 1:30 am.
Dow Plunges 1,475 Points as Trade War Fears Rattle Markets
U.S. stocks took a major hit on Friday, with the Dow Jones Industrial Average dropping nearly 1,500 points by mid-morning.
China Hits Back with 34% Tariff on All U.S. Imports
China has announced that it will begin imposing a 34% tariff on all U.S. imports starting April 10, 2025.
Stock Market Drops 1,000 Points After Trump’s Tariff Announcement
The stock market took a sharp dive, dropping nearly 1,000 points after President Donald Trump announced new tariffs targeting China and the European Union.
Airtel Uganda Expands Network in Fort Portal to Boost Tourism
Airtel Uganda has launched eight new network sites in Fort Portal City, strengthening its commitment to improving connectivity and accelerating digital transformation in the region.