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Teleposta pension stopped from selling Sh1bn Upper Hill land
Teleposta Pension Scheme Registered Trustees has been barred from selling, charging or transferring land in Nairobi's Upper Hill, pending the determination of an appeal filed by a company claiming ownership of the property.
The Supreme Court has barred the Teleposta Pension Scheme Registered Trustees from selling, charging or transferring a prime two-acre parcel of land in Nairobi's Upper Hill valued at about Sh1 billion, pending the determination of an appeal filed by a company claiming ownership of the property.
A bench led by Deputy Chief Justice Philomena Mwilu issued a conservatory injunction despite noting that the land had already been restored to the pension scheme following a Court of Appeal judgment.
