AIC Bishop, Ex-MPs Among Prominent Kenyans Battling With Auctioneers Over Huge Unpaid Debts

The current economic downturn has seen an increase individuals taking loans and auctioneers having a field day.

Case in point is Former Marakwet West MP David Sudi, who is fighting to save his property located along Joseph Kang’ethe Road in Nairobi over a Ksh. 25 million debt. The MP has been trying to negotiate with Simple Pay Credit to pay Ksh. 20 million arrears, a plea that has been rejected by the lenders.

Retired African Inland Church Bishop Silas Yego is also in a court battle in a bid to save his high-end apartments in Kileleshwa from being sold over Ksh. 145 million owed to Transnational Bank.

Another prominent Kenya caught up in the shackles of debt is William Osewe Guda of Ranalo Foods popularly known as K’Osewe, who is seeking to stop GT Bank from auctioning his assets over a Ksh. 330 million loan. Mr. Guda, obtained an order from the Court of Appeal, putting on hold plans to sell a stalled four-star hotel in Kisumu and apartment in Nairobi’s South C, pending the hearing of his case.

White Rhino Hotel owners, Cedarwood Hotels and Resorts Investments Company have also been fighting to stop its planned auction.

In a notice dated May 16th, auctioneers said the hotel sitting on a three-acre parcel of land, had outstanding land rates of Ksh. 1.2 million as of July 2021.

Former minister Gideon Ndambuki has also been fighting auctioneers who are seeking to recover a loan of Ksh. 80 million owed to Housing Finance. Mr. Ndambuki has previously served as Kaiti MP and minister for Planning and National Development during President Daniel Moi’s regime. He has made several attempts to ward off the auctioneers.

Hosea Kiplagat is another prominent personality who fought off auctioneers trying to sell his property over a loan of Ksh. 375 million.