By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
sauce.co.kesauce.co.kesauce.co.ke
  • News
  • Grapevine
  • Politics
  • Security
  • Business
  • Technology
  • Media
  • Sports
  • Entertainment
Reading: Auctioneers Set to Sell Raphael Tuju’s Karen Property Over EADB Loan Dispute
Share
Notification Show More
Font ResizerAa
sauce.co.kesauce.co.ke
Font ResizerAa
  • News
  • Grapevine
  • Politics
  • Security
  • Business
  • Technology
  • Media
  • Sports
  • Entertainment
Search
  • News
  • Grapevine
  • Politics
  • Security
  • Business
  • Technology
  • Media
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » News » Auctioneers Set to Sell Raphael Tuju’s Karen Property Over EADB Loan Dispute
Top Story

Auctioneers Set to Sell Raphael Tuju’s Karen Property Over EADB Loan Dispute

Last updated: August 3, 2026 9:53 pm
Rosemary Mongina 2 months ago
Share
2 Min Read
SHARE

Auctioneers have scheduled the sale of former Cabinet Secretary Raphael Tuju’s Entim Sidai property in Karen after he allegedly failed to comply with High Court conditions requiring him to deposit KSh50 million as security in an ongoing loan dispute with the East African Development Bank (EADB).

According to a public auction notice published on Monday, Garam Auctioneers will auction the Entim Sidai Wellness Sanctuary in Karen, Nairobi, on August 25, 2026.

The property sits on approximately 8.164 hectares (20.2 acres) and features a colonial-style residence with nine bedrooms, a two-bedroom bungalow, staff quarters, a lawn tennis court and several other ancillary structures.

The auction notice also indicates that part of the land had been earmarked for a high-end residential development comprising 12 standalone villas. The proposed project included five-bedroom and seven-bedroom all-ensuite homes, with the larger villas planned on half-acre plots and the five-bedroom units on quarter-acre plots.

The planned sale follows a High Court ruling delivered on May 21, 2026, by Justice Moses Ado, who directed Tuju to deposit KSh50 million into a joint interest-earning account operated by lawyers representing both parties within 30 days as security pending the hearing of the dispute.

The court also ordered Tuju to file and serve the record of appeal within 60 days, warning that failure to comply with either condition would automatically lift the interim orders that had halted the auction of the property.

The dispute revolves around a USD9.3 million loan facility advanced to Tuju by the East African Development Bank in April 2015. The financing was intended to partly fund the acquisition and development of commercial units for sale in Nairobi.

The matter has been the subject of prolonged litigation in both Kenya and the United Kingdom, with the High Court and the Court of Appeal previously upholding the bank’s position that the debt should be repaid. The case is currently awaiting determination before the Supreme Court.

You Might Also Like

Uhuru Kenyatta Warns Mt Kenya Against Repeating 2022 ‘Mistake’ in 2027

Wicknell Chivayo : How a Form 2 Dropout Built a Multi-Million Dollar Empire

Nairobi Police Ban Linda Mwananchi Rally in CBD

ODM unveils month-long programme to mark first anniversary of Raila Odinga’s death

Inquest into Rex Masai’s death closes after CCTV footage found authentic

Share This Article
Facebook Twitter Whatsapp Whatsapp Email
Previous Article Deputy OCS Walks Free After Kidnapping Couple Withdraws Robbery Case
Next Article Azimio Unveils Rebranding Plan, Admits Matiang’i, Munya and Kivuti Ahead of 2027 Polls

Latest stories

  • Club Host Ciggie Johnson Heartbroken After DNA Test Reveals He Is Not 12-Year-Old Daughter’s Biological Father
  • Drama at Karatina University as Two Male Students Found Locked Inside Toilet
  • Kenya Power Customer Care X Account Hacked as Crypto Traders Promote Trading Content
  • One Killed as Police Clash With Miners Over Kilima Pesa Eviction in Narok
  • Uhuru Kenyatta Warns Mt Kenya Against Repeating 2022 ‘Mistake’ in 2027
  • Police Intercept Tanker Carrying 10,000 Litres of Suspected Industrial Ethanol in Kiambu
  • Jambojet Resumes Daily Nairobi–Entebbe Flights
  • Two Men Sentenced to 20 Years Each for Defiling 13-Year-Old Schoolgirls in Kwale
  • Wicknell Chivayo Burial Update: Sir Wicknell and Wife Lulu to Be Buried Without Body Viewing

You Might Also Like

TVET Student Allegedly Assaulted, Detained for Three Days Over Nightclub Bill

4 weeks ago

Standard Group Editor Alex Kiprotich Found Safe After Alleged Abduction

1 month ago

Rosemary Kimwatu’s Husband Withdraws Court Case Over Her Burial

1 month ago

Three More Arrested Over Dr Victoria Mutiso Murder, Police Constable Held in Uganda

1 month ago

Pages

  • About us
  • News
  • Privacy Policy
  • sauce.co.ke

Find Us on Socials

sauce.co.kesauce.co.ke
Follow US
All rights reserved. A publication of Mercury Communications KE