Equity barred from Mututho home sale in Sh20m loan row
Thursday April 29 2021
By BRIAN NGUGI
Summary
Equity Bank had earlier obtained orders to sell the property in Riruta Satellite, Kawangware, which it holds as securities for a Sh9 million loan the MP borrowed 20 years ago, in a public auction.
A court has blocked Equity Bank’s #ticker:EQTY plan to put the multimillion-shilling matrimonial home of former Naivasha MP John Mututho on sale in a bid to recover a Sh20 million accrued debt.
Senior resident magistrate Peter Muholi put the planned auction of the MP s prime property in Nairobi comprising an eight-bedroom double-storey residential house on hold until an application is heard and determined.
Mututho city residential block put up for auction
Thursday April 22 2021
By OTIATO GUGUYU
Summary
In notice on Monday, Garam auctioneers listed the eight-bedroom double storey residential house in Kawangware, Nairobi for sale.
The property, which brings in Sh160,000 rental income a month, also includes four other single storey rental blocks comprising 17 single rooms, three toilets and two bathrooms.
A residential property belonging to former National Authority for the Campaign Against Alcohol and Drug Abuse (NACADA) chair and Naivasha MP, John Mututho is up for auction.
In notice on Monday, Garam auctioneers listed the eight-bedroom double storey residential house in Kawangware, Nairobi for sale.
Why most Nairobi barmaids live in Zimmerman 2 months ago
Ziima is named after Karl Fritz Paul Zimmermann, an adventurous German taxidermist who came to Kenya in 1929. Photo: Courtesy.
A majority of Nairobi barmaids love to reside in Zimmermann estate. ‘Ziima’ as it is popularly known, is barmaid’s capital of Nairobi. The estate is so cherished that the influx of barmaids grows considerably each day as revellers troop to the hood. Located in Nairobi’s Eastlands, off the Thika Superhighway, and 13 kilometres from Nairobi, the sprawling middle-income estate has more bars than shops and hotels, making it a ‘barmaid nation.’ Here, rents average Sh10,000, which is quite affordable for many of the barmaids.