The High Court has upheld the sale of the properties belonging to former Cabinet Secretary Raphael Tuju, ruling that his right to rescind the transaction ended once the auction concluded in 2024 and the properties were transferred to Stabex International Ltd, co-owned by Jackson Kiplimo Chebett.
However, Mr Tuju was granted a reprieve in the form of a suspension of the sale of a second property, Entim Sidai Wellness Sanctuary, on condition that he deposits Sh50 million in court within 30 days.
Regional lender East Africa Development Bank (EADB) is seeking to auction the properties to recover a loan advanced to Mr Tuju in 2015.
The lender is claiming about Sh4.5 billion.
“The plaintiff (Tuju) to within 30 days of deposit security in the sum of Sh50 million in an interest-earning joint account in the names of counsel for the parties, failing which the stay order shall automatically lapse,” the court said.
The court also directed Mr Tuju to file an appeal challenging the planned forced sale within 60 days of the ruling. Failure to do so will result in the stay order being automatically discharged.
