Supreme Court allows EADB to auction Raphael Tuju's properties for Sh4.5 billion debt from a failed 2015 loan deal.

Former Kenyan Cabinet Secretary Raphael Tuju faces a setback as the Supreme Court allows the East African Development Bank to auction his properties, including Entim Sidai, to recover a Sh4.5 billion debt from a failed loan deal. The court recused itself from the case due to Tuju's accusations of bias against its judges. The debt stems from a 2015 loan of $9.3 million, which has significantly increased since then. The auction is scheduled for October 29.

October 11, 2024
5 Articles