Kahumbu s Ksh228 Million Karen Home to be Auctioned
File image of award-winning conservationist Dr Paula Kahumbu.
Paula Kahumbu s hopes of keeping their Karen home crushed after the court ruled in favour of a bank seeking to auction the vast property.
The award-winning conservationist s family has been in a 34 year back and forth court battle with the National Bank of Kenya, as the lender sought to recover a Ksh228 million loan owed to them by the family.
Kahumbu and her brother Dominic have had to battle in court to save the home they inherited from their parents.
NBK issued a loan to John Francis Kahumbu s company, Schemes Limited in 1984, and the house located in Mwitu Estate, Karen, was used as security for the loan, which has since grown annually due to interests accrued.