Babu Owino Raises Alarm Over 110 Investors in Stalled Lavington Housing Project

Embakasi East MP Babu Owino at an Event

Embakasi East MP Babu Owino has raised concerns in Parliament about about 110 Kenyans who may lose their money in a stalled private housing project in Lavington, Nairobi. The development, known as Terrace Apartments, sits along Hatheru Road. Owino spoke on Wednesday, November 11, 2026.

Investors bought into the off-plan project between 2016 and 2018. The developer then failed to finish the apartments. 

A bank later auctioned the property after a loan linked to the project went into default. Owino says only five of the 110 investors have received refunds from the management company.

He argued that the situation threatens buyers' rights. He cited the doctrine of legitimate expectation and Article 27 of the Constitution, which guarantees equality and protection from discrimination.

Owino asked the Housing Committee to clear up several issues. He wants the committee to establish the project's current status and identify the developer. He also asked for details of the approvals granted to the project. The committee should explain why the project stalled, he said.

The MP requested a full breakdown of the money collected from buyers. He also wants to know how those funds were used and how much has been refunded. In addition, he asked how the property was charged to the bank and then auctioned. 

He wants to establish whether buyers knew the property had been pledged as loan security or were warned about the auction.

Owino also called for details of any investigation into alleged misuse of buyers' funds. He asked what steps will help affected purchasers recover their investments.