Jeff Koinange to lose home over Ksh.130 Million debt

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Jeff Koinange’s homes have been placed on auction over a Sh.130 million bank debt.

The two homes which seat on 0.67 acres each in Nairobi’s Kitisuru area were placed on auction on Monday by Garam Investments.

According to Business Daily, the two four-bedroom villas belonging to the journalist are set to be auctioned on April 28th.

Koinange’s homes will be auctioned over a debt that he fell into last year, according to Garam Investments which is leading the auction.

According to the article, a local bank is seeking to recover at least Ksh65 million from the sale of each of the two villas.

Garam Investments stated that those seeking to buy the two homes through the public auction will need to place a deposit of Ksh5 million ahead of bidding.

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