Former Central Bank of Kenya Governor, Nahashon Nyagah [Businessdailyafrica.com]
Court has ordered that former CBK Governor, Nahashon Nyagah receive compensation following Sh9 billion Tatu City land fraud case against him.Nyagah was linked with the illegal issuance of land belonging to Tatu City developers to his relatives and friends.According to reports, the former boss will be compensated an undisclosed amount for wrongly being accused of fraud.Justice Francis Tuiyott gave his ruling over the case on October 6.“The affected defendants must be compensated by the persons who have taken them through this arduous and unnecessary path,” said Mr Justice Tuiyott in his ruling.“This is not the way litigation should be conducted. Yet, on the other hand, the controversy that was the very reason for the filing of this suit remains unresolved ……the court is therefore inclined to, yes, admonish the plaintiffs.” Tuiyott added.Nyagah was accused of transferring several hectares to himself through proxies named Jane Wambui Gacoka, Nyagah’s sister-in-law, Jeremy Nyaga Njeru, his cousin and his long-time cook Ibrahim Mwatata’s daughter Nalia Nengodo Ibrahim.Kofinaf Company Limited and Mauritius-based Galba mining limited will now have to pay damages after falsely accusing former boss of fraud.