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‘Broke’ Waititu Begs Court For Protection Against Auctioneers Over Loan Default
Former Kiambu Governor Ferdinand Waititu rushed to the Kiambu Law Courts on Tuesday, April 13 in a bid to stop Mwananchi Credit Limited from auctioning his cars.
In January of last year, Waititu secured a Sh10 million car loan with the lender using two of his luxury cars as collateral.
Two days after the loan was approved, Waititu was impeached, losing his handsome monthly salary and ultimately defaulting on the loan.
In court papers, ‘Baba Yao’ claimed he is currently financially constrained and unable to raise the money because there is no regular monthly income credited to his bank account.
Court stops sale of Waititu's cars in Sh10m loan dispute businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.
Mwananchi Credit goes after Waititu's vehicles standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.