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Comfort for Mututho as Court Suspends Auction of 8-Bedroom Residential Property in Kawangware –

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Former National Anti-Alcohol and Drug Administration (NACADA) and Naivasha MP John Mututho has temporarily saved his Kawangware 8-room property from auction over debt.

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Mututho sought court assistance to stop the auction where the property of 8 apartments had been sold by Garam Brokers.

Senior Resident Magistrate Peter Muholi has suspended the auction until a request is heard and a decision is made.

Court documents submitted by Mututho objected to the loan arrears as he claims he borrowed Sh9 million but the bank wants to get Sh20 million.

Read: Mututho 8 Dormitory Property in Kawangware for Auction

A public auction was scheduled for Tuesday, April 27, 2021.

“Part of the land known as LR No. Dagoretti / Riruta / s.499 Riruta Satellite Nairobi is registered in the name of John Michael Njenga Mututho,” the auction notice read in part.

The property also includes four other one-storey rental blocks consisting of 17 bedrooms, three toilets and two bathrooms.

It is said that the property brings in Sh160,000 in monthly rental income.

The notice also indicated that the former MP had missed out on land rates amounting to Sh165,000.

“The remaining land rates and penalties were Sh165,590. Tap water and main electrical services are connected, ”the statement continued.

Read Also: Three Hidden Journalists Like TV Journalists Arrested While Trying To Interview John Mututho

Mututho joins a growing list of Kenyans losing their assets as difficult economic times continue.

Central Bank of Kenya (CBK) figures show that Kenyans failed to secure Sh73 billion bank loans in the 10 months to December 2020.

As of March 2020, the total value of missing loans was Sh351.73 billion, but the amount increased to Sh423 billion or 14.1 percent of the Sh3 trillion loan book.

The increase was due to the impact of Covid-19 in which at least 1.72 million workers lost their jobs in the three months to June when Kenya imposed restrictions.

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