Former Migori Governor Okoth Obado is set to lose property worth Ksh 235 million fraudulently acquired through proceeds of corruption.<\/p>\n
The move follows a High Court order that gave anti-graft agency EACC the green light to do so saying attempts by parties to have the matter settled out of court did not materialize.<\/p>\n
Following Justice Esther Maina\u2019s orders, EACC is set to sell eight prime properties.<\/p>\n
The properties include Loresho Ridge House with a market value of Ksh40 million, a commercial block known as Sunrise Centre in Suna East worth Ksh88 million, 5-storey residential blocks each with a total of 20\u00a0 two-bedroom units with a market value of Kshh57.6 million and two apartments in Greenspan worth Ksh9 million each.<\/p>\n
Others are a residential property in Kamagambo worth Ksh10 million, another developed two single-storey residential blocks with eight one-bedroom units worth Ksh7.5 million, maisonette in Nairobi worth Ksh14.5 million.<\/p>\n
In the suit, EACC had told the court that the properties including a Ksh.40 million home in Nairobi\u2019s Loresho estate belong to Obado and his associates and are proceeds of corruption and unexplained wealth stolen from Migori County Government.<\/p>\n
The commission has instituted two suits against the former governor, his children, and proxies.<\/p>\n
The post Former Governor Obado to lose properties worth Ksh235M<\/a> first appeared on KBC<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Former Migori Governor Okoth Obado is set to lose property worth Ksh 235 million fraudulently acquired through proceeds of corruption. The move follows a High Court order that gave anti-graft agency EACC the green light to do so saying attempts by parties to have the matter settled out of court did not materialize. Following Justice […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-55279","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/55279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/comments?post=55279"}],"version-history":[{"count":0,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/55279\/revisions"}],"wp:attachment":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/media?parent=55279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/categories?post=55279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/tags?post=55279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}