Troubled Embakasi ranch directors push for Sh337m sendoff package
Land principal secretary Nicholas Muraguri. file photo | nmg
What you need to know:
The ranch still has serious operation flaws with many complaints about ownership, swapping of plots and double allocations.
Embakasi Ranching Company directors are pushing for charges on shareholders that could amount to a Sh337 million sendoff package.
Government officials mandated with overseeing the doomed winding-up process say the fees from the 15,000 shareholders (initially just over 13,000) include Sh5,000 registration fee as well as Sh20,000 site-visit and titling fees.
