Citizen Tv Journalist Jeff Koinange has seen two of his properties that sit on 0.67 acres in the high-end Kitisuru area after the show was unable to raise Sh130 million to settle a bank debt.
The renown journalist defaulted the loan in 2019 and has since not been able to repay resulting in NCBA bank hiring Garam investments in a bid to to recover at least Sh65 million from the sale of each of the two villas.
Garam has put up thetwo properties that come attached with a servant’s quarter. To get a chance to own the property, you willl need to place a deposit of Sh5 million ahead of bidding, the houses are currently valued at Sh200 million.
The former CNN journalist is not the only broke famous Kenyan, recently the dailies are full of auction advertisements after these prominent people default their loans in these tough economic times leading to repossesion of assets.
Former Cabinet minister Suleiman Rashid Shakombo recently lost his house in Kilimani over a similar debt while assistant minister Stephen Tarus is also fighting to stop the auction of his Karen home.
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