By: VINCENT AGOYA
A fresh court battle is in the offing after Tatu City and Kofinaf Ltd were given 14 days to prepare an objection against its minority shareholders, which sought to block their withdrawal from the civil suits revolving around ownership, management and control of the multi-billion shilling project.
The two parent companies of the Sh240 billion Tatu City project have already successfully applied to be excluded from the protracted four-year old dispute.
OBJECTED TO MOVE
However, local partners have objected to the move by the majority foreign investors.
Lawyer Ahmednasir Abdullahi, acting for the two firms, told a trial court on Tuesday that the contentious suits were filed by lawyer Nelson Havi on behalf of the local partners without the authority of the boards of directors.
He applied for two weeks to file replying affidavits by directors of the two firms who are abroad “to rebut allegations made by former Central Bank of Kenya (CBK) governor Nahashon Nyagah, against express resolutions sanctioned by the boards of directors during their meeting at Tatu House on September 16.”
“We need time to reply to (Mr) Nyagah’s affidavit, the principle clients were not in the country and were unaware of new issues raised in the affidavit,” the lawyer said.
On Tuesday Mr Havi opposed the request for adjournment, stating that “it was an abuse of the court process”.
Justice Eric Ogola set a hearing for December 8.
SOURCE: DAILY NATION