[Kiptur .]

[quote=leleshwa;660855]it was shocking and disgusting is kibaki and his theft of grand regency hotel with the lybians!!!

fresh details which emerged today regarding the secret and hurried plans by president kibaki to sell off the landmark grand regency hotel to a libyan company revealed the grand corruption that riddled pnu campaigns in the december 27 general election.

it emerged that the sale revolves around a secret memorandum of understanding (mou) president kibaki signed with libya’s president muammar gaddafi during a three-day visit to libya last june as part of his global plans the raise funds to run his re-election.

libyan leader muammar qaddafi with president mwai kibaki when he bade him farewell after his three day visit in sirte, libya.president kibaki had lost favour in the traditional western friends of kenya and his following at home had taken a nose-dive due to his poor leadership and his involvement in the anglo leasing scandal and he was desperately looking for alternative sources of raising campaign funds.

Libya came in handy – but with a heavy price. President gaddafi required a substantial control of kenya’s wealth in order to bail out president kibaki who was facing the biggest test of his political career in the december 27 polls. During the begging mission, the two presidents “negotiated” and agreed on an mou that has a direct bearing in the sorry state of affairs regarding the grand regency hotel.

Titled "agreement on promotion guarantee and protection on investment," the mou was signed by kenya's then minister for trade, dr mukhisa kituyi, and dr ali elisaue, secretary general of libya's general people's committee for the economy and investment.