How Biwott's Paranoia Was Linked To Yaya Center Acquisition, Bahindis, and Israelis...

The construction of Yaya Towers next to Yaya Centre in Hurlingham, Nairobi has stalled for nearly 32 years. The building was poised to be the west wing of the popular business premise.

Yaya Centre is owned by the family of the late Cabinet Minister Nicholas Biwott who passed away in July 2017. The former politician was declared the rightful owner of the centre after seven years of litigation in the Kenyan courts.

The appellate court ruled that the building was owned by LZ Engineering, a company linked to Biwott. Intrigues behind the case alleged that LZ purchased the property in October 1983 and transferred it to Yaya Towers Limited in 1989.

Trade Bank, a financial institution founded by Alnoor Kassam, the accountant turned banker and his brother, Iqbal Kassam had also fought for the ownership of the property.

https://www.kenyans.co.ke/files/styles/article_inner_mobile/public/images/media/The%20late%20Cabinet%20Minister%20Nicholas%20Biwott.JPG?itok=ONp5DXPU
The late Cabinet Minister Nicholas Biwott.

It was alleged that Trade Bank had fraudulently transferred the Yaya Towers to itself.

The bank had borrowed money from the Deposit Protection Fund to fund the construction of the Trade Bank building and reportedly unlawfully charged the assets of Yaya Towers Ltd to secure the loan.

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The late President Daniel Moi (left) and former Energy Minister Nicholas Biwott (right)

Trade Bank itself was reported to have offered a Ksh900 million loan to Biwott in the 1990s who allegedly never repaid, according to historians David Throup and Charles Hornsby in their 1998 book, Multi-party Politics in Kenya.

Hornsby added that Trade Bank was “75 per cent owned by Israeli Gad Zeevi and Biwott” with Zeevi as a director despite being founded by Kassam.

Zeevi’s and Biwott’s other firm known as HZ Group was by then constructing the iconic Yaya Centre and Yaya Towers in Hurlingham, Nairobi, but reportedly advancing the loan under the table.

This led to liquidity problems and when Kassam who founded the bank reportedly questioned Biwott over the repayments, he was threatened with deportation and he fled to Canada.

Biwott and Zeevi also fell out after Biwott allegedly swindled him and another Israeli Vaizman Aharoni ownership in multi-billion shilling companies that they jointly owned.

Zeevi was a close friend of a famous British-born Israeli spymaster David Kimche while Aharoni was associated with the Israeli’s Mossad spy agency.

It was reported that Biwott lived in fear of his life after crossing paths with the two men - hence his legendary paranoid.

More reports alleged that the contractor of the Yaya Towers permanently tampered with its base, entrances and pillars which led to the building being declared obsolete.

How to be rich…

Get a huge loan…

Default…

Repeat…

Quoting Miguna Miguna, "…people like Nicholas Biwott, stole until they forgot why they were stealing … ".

Life is a vanity fair.

rip m*therfuacka

Nimetafuta huge loan, siku hizi ni kama kazi yangu

You pull it out of air, right??

Guy tried to con Mossad. Massive balls. But ran scared for the rest of his life :smiley:

Heshimu OGs

Biwott is a personal hero apantambua foreigners coming to rearrange furniture kwetu. We gonna take your shiet Mafia style

That guy Biwott was awesome buana. Mfupi Sana with a soft voice lakini when I met him as a kid sikuwa naelewa then how powerful the guy was.
He’d pop into his construction sites impromptu driven in a Peugo 504 and give out 20K for ‘lunch ya mafundi’ to the foreman present.
In the 90’s, 20K was helluva money.
Hiyo red colour ya hizo noti za 500 ilikuwa very beautiful.

Hukumuomba connection?