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teejay teejay is offline
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Default Kibaki Sells off Grand Regency Cheaply to Libya - 05-13-2008, 01:40 AM

2 billion is what the Hotel was valued at over several years ago, now the value is reported to have tripled and it may well cost a whooping (over)7 billion.

Yet Kibaki and his henchmen want to dispose it cheaply to his campaign financiers, Libya whom they have since allow to acquire all Mobil outlets under the Oilibya gas company deal as partial honouring of PNU's mou with Gaddaffi. The most shocking thing is that no any other bidders have been invited yet there are bidders who are willing to give more than 2 billion for the purchase of the facility. The Bidder has reportedly bought the huge space next to GPO currently used as car park in anticipation of the purchase for purposes of extension of the facility.

I smell fish. And to think that the man charged with corruption is the same one who was sent persuade Patni into giving it up in exchange for revocation of all corruption charges him reeks high up to heavens. ODM's entry into government has once again put Kibaki into a fix. No such transaction will be done under the PM's nose.

By the way am skeptic about the 400 million raised for the IDPs. To me, it looks like it will go along in pleasing another kind of IDPs ( Immensely Discontent Persons). If not guarded with closely this money may end up in some accounts in Libya. Gaddafi is greatly displeased at the pace at which things are moving and is pressuring Kibaki into giving up The GR.

Can PANUA people tell off Kimunya, Kibaki, Ringera and Uhuru, all Mt Kenya thieves, who want to pull a fast one us again.
 


"The whole world, from President [George W.] Bush downwards, was engaged in trying to strike a power-sharing deal. If that power-sharing deal made Odinga number three, we'd have never accepted it." - Salim Lone
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