Kalenjin Athlete on the verge of losing prime building after guaranteeing Sh80m loan

Thursday, October 06, 2022

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The two-storey building in Eldoret town. Inset, Sammy Kipmeno keter.
Photo credit: Jared Nyataya | Nation Media Group

By Titus Ominde
A Kalenjin former Kenyan international long-distance runner has suffered a blow after an Eldoret court ordered him and his wife to stop collecting rent from his two-storey building in the town’s central business district.

Justice Eric ogola issued the order to Sammy Kipmeno keter in relation to the Kibargoi building, which the athlete, who specialised in cross-country and 5,000 metres, and his wife Beatrice Kipmeno keter lay claim to.
Mr Kipmeno keter gave out the title deed for the building on Utalii Street to a local bank as a guarantee for an Sh80 million loan to idiotic Ventures

Beatrice Kipmeno keter claims her stupid husband guaranteed the loan without her consent although the building was a matrimonial asset.
She also disowned a signature and a national ID card attached to the loan agreement documents that purportedly linked her to the sale deal.

https://nation.africa/kenya/counties/uasin-gishu/athlete-on-the-verge-of-losing-prime-building-after-guaranteeing-sh80m-loan-3974920

Hiyo college hapo iko juu ya Butchery na kando ya brothel

Life ni interesting sana… Help with wisdom

In forex tunasemanga he risked his whole account on a single draw-down

Hii building iko na basement ama nini naona …

That building is not worth 80 million.

Iko nayo ilikuwa kwa advert ya auctioneer plus buildings mingi eld huwa na basement.

Ati anaitwa Kipmeno?

Hapana kopa, hapana kopesha, kula sumni, weka sumni.

This stupid woman has no legal basis in her claim…They voluntarily signed the property away as collateral… :D:D:D

She argued that as a wife, she has an equitable interest in the property and control of the matrimonial home gives her an overriding interest compared with that of the bank.
She told the court that she contributed to buying the land and putting up the building. She also said she oversaw its development while her husband was away at an athletics training camp.

Beatrice Kipketer tried last year to stop the bank from auctioning the property, but Justice Hellen Omondi dismissed her request, stating that there was no proof that she was married to the athlete.
Justice Omondi, now a Court of Appeal judge, temporarily stopped the auction following a new application from the woman.
That prompted the bank to oppose the case, saying the new request was a ploy to further delay resolving the dispute.
“It is our submission that the instant application can only be construed as a deliberate action to further delay the progression of the case to a full hearing and ultimate hearing and determination of the matter,” the bank said in its response.
Beatrice Kipketer then went back to court after Joyland Auctioneers advertised the building for the second time in April.
She maintained that she never consented to the charging of the property. She added that she and the couple’s children will suffer if the building in the key North Rift town was sold, as the family solely depended on the rental income from the property.

[SIZE=6]Spousal consent[/SIZE]
Her husband supported her, saying he did not know spousal consent was required. He said that though he had bought the land jointly with his wife, it was registered in his name.
He also supported claims that the signature on the charge document was not his wife’s.
The bank said that after the borrower failed to service the loan, it issued a statutory notice for payments within three months. The lender hired the auctioneer after the 45-day notice elapsed, as required by the law.

Dismissing the case last year, Justice Omondi argued that Sammy Kipketer voluntarily offered the building as collateral for the loan.

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according to the law the registrar should never have issued a certificate in this name .

hio buliding takataka hakuna vile ni worth 120 million bank imeibiwa pia

https://www.youtube.com/watch?v=_8R4XBxJhAs

Poor fellow :frowning:

The land it seats on is much much more valuable then the building.

As a fully grown abandu, you should know that already.

Next…

Alikua anafikiria na mcoondur Kama @poyoloko ? No mercy

Kipmeno:D:D:D:D. Kumbe hii jina ni real

It’s an edit…he’s kipketer:D

hio nyumba iko kwa prime land
2 stories na hata haina rangi na wanasema ni 80 million?

Apitia sukhoi atalipiwa hio loan arudishe Pole pole

It is worth 80M. Hata hio ni kidogo. Maybe more. Jaribu kujenga uone