Bins Management Services Limited, a company associated with Waititu has since distanced itself from any dealings with Nicholas Mbugua, in relation to the land transaction. The former MP allegedly approached his uncle in 2011 to get him a buyer to purchase land at Saika, measuring 7.40 hectares (approximately 181/4 acres) in Nairobi– the land was allegedly being sold by the National Bank.
Waititu reportedly promised his uncle that any money made above the asking price would be his brokerage fee. Coincidentally, Bins Management Services Limited, owned by Waititu, through the directorship of his wife Susan Wangari Ndung’u and daughter Monica Njeri Ndung’u, was to oversee the procurement processes. The uncle was told that the company was purchasing the land to re-sale, and that he (Waititu) had paid 10 per cent of the purchase price to the bank– a total of Sh8.5 million– with the selling price of the land being Sh85 million.
“He told my colleague William Kagotho Gachuiri and I, that he wanted to buy the property through the company, but was unable to raise the whole amount. He engaged us to seek a buyer and his asking price was Sh105 million,” said Mbugua then a freelance estate agent. Mbugua says he trusted his nephew to be acting in good faith, and went for a verbal agreement to market the property LR No Nairobi/Block 127/1 Saika on behalf of Bins management.
Mbugua claims he brought Wall Street Business Park Limited on board, who agreed to pay Sh130 million. Mbugua narrates how together with his friend Kagotho met agents of Wall Street at the New Stanley hotel in Nairobi’s Central Business District (CBD), where they bargained the price of the land from Sh140 million to Sh130million. “I revealed to the buyers our commission, and they said Bins Management would pay us as per our negotiations,” Mbugua says in his witness statement. In his suit, Waititu’s uncle says that his nephew sent his wife Susan Wangari, to take him together with the buyers he (Mbugua) had fetched, to view the property, and they were pleased.
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