Former Nakumatt CEO Atul Shah has failed to stop Bank of Africa from auctioning his personal property worth Sh2bn over loans to Nakumatt.
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And he's not the only well known personality that's faced auctioneers in the last few years
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businessdailyafrica.com/corporate/comp…
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And he's not the only well known personality that's faced auctioneers in the last few years
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businessdailyafrica.com/corporate/comp…
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Just this week, a six-storey hotel in Machakos town belonging to former Cabinet minister Gideon Ndambuki was Monday put up for auction over a Sh80 million loan.
businessdailyafrica.com/economy/Exmini…
Just this week, a six-storey hotel in Machakos town belonging to former Cabinet minister Gideon Ndambuki was Monday put up for auction over a Sh80 million loan.
businessdailyafrica.com/economy/Exmini…
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Then there's properties in Karen...
Powerful Moi-era politician and one-time Co-operative Bank chairman Hosea Kiplagat risks losing his expansive Karen residential home and associated company assets over a Sh378.61 million loan.
businessdailyafrica.com/economy/Hosea-…
Then there's properties in Karen...
Powerful Moi-era politician and one-time Co-operative Bank chairman Hosea Kiplagat risks losing his expansive Karen residential home and associated company assets over a Sh378.61 million loan.
businessdailyafrica.com/economy/Hosea-…
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Raphael Tuju recently put up Sh50mn to avoid being auctioned
Raphael Tuju has deposited Sh50 million in court as a condition for stopping a regional bank from auctioning his property in Karen, to recover a debt of Sh1.6 billion.
businessdailyafrica.com/economy/Tuju-d…
Raphael Tuju recently put up Sh50mn to avoid being auctioned
Raphael Tuju has deposited Sh50 million in court as a condition for stopping a regional bank from auctioning his property in Karen, to recover a debt of Sh1.6 billion.
businessdailyafrica.com/economy/Tuju-d…
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January 2020
Former Internal Security assistant minister Stephen Tarus faces a fight to block the auction of his Karen home in Nairobi over a Sh70 million NIC Bank loan.
businessdailyafrica.com/news/Former-mi…
January 2020
Former Internal Security assistant minister Stephen Tarus faces a fight to block the auction of his Karen home in Nairobi over a Sh70 million NIC Bank loan.
businessdailyafrica.com/news/Former-mi…
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In July 2020, retired African Inland Church (AIC) Bishop and close friend of former President Moi, Silas Misoi Yego lost bid to stop a commercial bank from auctioning his property in Kileleshwa, Nairobi for defaulting on a Sh140 million loan.
businessdailyafrica.com/economy/Bishop…
In July 2020, retired African Inland Church (AIC) Bishop and close friend of former President Moi, Silas Misoi Yego lost bid to stop a commercial bank from auctioning his property in Kileleshwa, Nairobi for defaulting on a Sh140 million loan.
businessdailyafrica.com/economy/Bishop…
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Still in July 2020
NCBA sought to block Landmark Port Conveyors Ltd from auctioning 53 trucks and trailers belonging to Buzeki over a Sh118 million loan.
businessdailyafrica.com/economy/NCBA-r…
Still in July 2020
NCBA sought to block Landmark Port Conveyors Ltd from auctioning 53 trucks and trailers belonging to Buzeki over a Sh118 million loan.
businessdailyafrica.com/economy/NCBA-r…
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In January 2020, the family of former minister Njenga Karume Tuesday lost a court bid to stop a planned auction of Jacaranda Hotel over a Sh283 million bank loan.
businessdailyafrica.com/news/Court-dec…
In January 2020, the family of former minister Njenga Karume Tuesday lost a court bid to stop a planned auction of Jacaranda Hotel over a Sh283 million bank loan.
businessdailyafrica.com/news/Court-dec…
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Also in January 2020, Wahome Muotia's Nairobi Upper Hill Hotel was put up for auction to recover a debt owed to National Bank of Kenya
businessdailyafrica.com/news/Nairobi-U…
Also in January 2020, Wahome Muotia's Nairobi Upper Hill Hotel was put up for auction to recover a debt owed to National Bank of Kenya
businessdailyafrica.com/news/Nairobi-U…
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In July 2017, Cyrus Jirongo had his day with auctioneers
Valley Auctioneers failed to get a buyer who could match the Sh70mnn reserve price for 102.7 acres
He was in 2017 declared bankrupt after defaulting on a Sh700mn loan owed to eight companies.
businessdailyafrica.com/corporate/comp…
In July 2017, Cyrus Jirongo had his day with auctioneers
Valley Auctioneers failed to get a buyer who could match the Sh70mnn reserve price for 102.7 acres
He was in 2017 declared bankrupt after defaulting on a Sh700mn loan owed to eight companies.
businessdailyafrica.com/corporate/comp…
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In August 2015, former Co-operatives Development Minister John Cheruiyot was jailed for six months for failing to pay a 20-year old Sh2.3 million debt.
businessdailyafrica.com/Former-Kanu-mi…
In August 2015, former Co-operatives Development Minister John Cheruiyot was jailed for six months for failing to pay a 20-year old Sh2.3 million debt.
businessdailyafrica.com/Former-Kanu-mi…
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In December 2013, former spy chief Wilson Boinnett found himself facing the auctioneer's hammer
The financier, says Cyn Energy, is in default to the tune of Sh74 million, but the dealer reckons that it owes the lender Sh20 million.
businessdailyafrica.com/corporate/Form…
In December 2013, former spy chief Wilson Boinnett found himself facing the auctioneer's hammer
The financier, says Cyn Energy, is in default to the tune of Sh74 million, but the dealer reckons that it owes the lender Sh20 million.
businessdailyafrica.com/corporate/Form…
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And we shouldn't forget 'the main man' Jeff Koinange, whose two homes were put up on auction in April 2020 over a Sh200mn debt owed to NCBA
businessdailyafrica.com/economy/Jeff-K…
And we shouldn't forget 'the main man' Jeff Koinange, whose two homes were put up on auction in April 2020 over a Sh200mn debt owed to NCBA
businessdailyafrica.com/economy/Jeff-K…
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Update:
Auctioneers have re-advertised retired African Inland Church (AIC) Bishop Silas Yego’s prime Kileleshwa property over Sh143 million owed Transnational Bank following a failed bid by the clergyman to stop the sale.
businessdailyafrica.com/economy/Yego-p…
Update:
Auctioneers have re-advertised retired African Inland Church (AIC) Bishop Silas Yego’s prime Kileleshwa property over Sh143 million owed Transnational Bank following a failed bid by the clergyman to stop the sale.
businessdailyafrica.com/economy/Yego-p…
