Yego loses fresh bid to save prime city property
Thursday February 04 2021
By SAM KIPLAGAT
Summary
The High Court has rejected a fresh attempt by retired Africa Inland Church (AIC) Bishop Silas Yego to save his 50 high-end apartments in Nairobi’s Kileleshwa neighbourhood from being auctioned over Sh153 million owed to Transnational Bank.
Justice David Majanja dismissed the application filed by the retired clergyman in January, saying there were no new facts to enable the court to hear the case afresh.
The High Court has rejected a fresh attempt by retired Africa Inland Church (AIC) Bishop Silas Yego to save his 50 high-end apartments in Nairobi’s Kileleshwa neighbourhood from being auctioned over Sh153 million owed to Transnational Bank.
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.