The High Court has authorized the auction of properties linked to Senior Presidential Economic Council advisor Moses Kuria due to a longstanding loan default.
Delivering the ruling on Monday, April 7, Justice Aleem Visram dismissed Kuria’s attempt to stop the auction, stating that he failed to provide adequate proof of loan repayment.
Among the assets scheduled for auction are apartment blocks located in Ruaka and Juja within Kiambu County. The sale is being handled by Garam Investment Ltd and is expected to take place on Tuesday, April 8.
Justice Visram noted that despite previous notifications from the auctioneers regarding the outstanding debt, Kuria had not taken sufficient steps to resolve the matter. The court ruled that contractual financial obligations must be respected.
This development follows a court petition filed by Kuria to challenge the planned auction, where he argued that he had made efforts to repay the loan. However, the court found his arguments unconvincing.
Kuria’s properties are part of a growing list of residential and commercial assets across Kenya being sold off due to loan defaults.
Recent auction notices published in national newspapers include high-value properties such as Genesis Apartment, a six-storey building in Embakasi South, Nairobi, and a penthouse dubbed the Green House in Adams Arcade.
In Kiambu, other listings include a two-bedroom bungalow in Muguga and a four-bedroom maisonette in Runda. Meanwhile, in Mombasa, five five-storey buildings located roughly 11.6 kilometers from the CBD are also scheduled for auction.
