The big shots who faced auctioneers’ hammer
Monday December 28 2020
By SAM KIPLAGAT
Summary
Several prominent personalities including a retired clergyman, businessmen, renowned journalist and a host of former and current politicians faced auctioneers’ hammer this year as they battled with banks over loans they were unable to repay.
They are struggling to hold onto their prime assets over mounting bank loans as Kenya’s economy slows down and repossessions pick up.
For some, a last-minute effort saved their houses from imminent sale while others sought court orders to stall the process.
Several prominent personalities including a retired clergyman, businessmen, renowned journalist and a host of former and current politicians faced auctioneers’ hammer this year as they battled with banks over loans they were unable to repay.