Directors of the giant Trans Nzoia Investment Company (TIC) have vowed to stand and support the historical judgment delivered by Kitale High Court to defend the company’s assets and property running into billions of shillings.
In a signed statement issued in Kitale, the directors affirmed their commitment of management to the about original 700 shareholders of uphold the ruling delivered by the Lands and Environment Judge CK Nzili on June 18, 2025 in which he directed the return of the company’s assets and property to TIC members.
The directors who included Albert Gumo, Mukasa Muliro, Col (Rtd) Tom Wanambisi and Alfred Juma alleged that a splinter group had emerged with an attempt to undermine and derail the judiciary from meting out justice over the TIC ruling and other land matters in the area. They described move as “corruption fighting back.”
“This group falsely calling themselves as directors are only seeking to perpetuate disorder and mislead stakeholders. We firmly reject any insinuations of bribery in our administration and call upon members to respect the integrity of our legal institutions.” Reads the statement.
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The TIC officials cited the win by the EACC case against the late Kenya Seed Company CEO Nathaniel Tum who had acquired land belonging to Kitale School as an example of the judiciary commitment of correcting the land injustices in Trans Nzoia County and the surrounding areas.
Judge Nzili had delivered the ruling of the Case No.74 of 2019 against 7 respondents for having illegally taken over TIC property Kitale Hotel within the CBD Block 4/494 measuring 0.6256 Ha and ordered their immediate vacation and the paying for the costs of the suit amounting to millions of shillings.
The respondents were the Kitale Asian tycoon Dodhia Vipul and his Cherangany Hills Company, Ronald Sawenja, Paul Wekesa and George Ludisi. Others were Kalori Isoso and Munaleta Investment Company.
Once the ruling is effected, it will affect hundreds of traders occupying the Vision Gate and Victor House buildings and DTB and Oriental banks, described as third parties.
TIC has properties including land spread throughout Trans Nzoia County – Namanjalala Farm in Kwanza Sub-county measuring 1040 acres, Nalulingo Farm in Endebess of about 3000 acres and Sinoko Farm in Cherangany estimated at 1040 acres.
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Giving the chronology of the events leading to the loss of the company’s assets, the TIC directors Gumo, Mukasa Col Wanambisi and Juma said the firm was established in 1969 by Trans Nzoia eminent entrepreneurs Masinde Muliro, Pius Gumo, Ellam Shiole, Erastus Khaemba and Masaba Mulefu—all the deceased- and acquired assets that operated smoothly for decades.
The statement read in part: “Unfortunately, the company suffered from administration when a rogue board of directors took unilateral decisions without the consent or authorization from shareholders’’.
“This included entering into a 16-year lease agreement in 1995 that led to the selling of Kitale Hotel, actions that lacked legitimacy and disregarded the rights of the rightful owners-shareholders.”
The TIC directors noted that judicial resolution had been a matter of protracted litigation spanning years adding that the ruling had restored the dignity of the prestigious Kitale Hotel, bringing to closure to a long painful chapter in the history of the firm.
“As the legitimate directors of the company reaffirm our resolve to upholding the company’s values, protecting the shareholders rights and ensuring transparency and prudent management as our pillars for prosperity,” the four said.
BY ABISAI AMUGUNE
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