EACC Auctions Sh505 Million in Assets from Obado Allies in Major Graft Recovery.

In a sweeping move, the Ethics and Anti-Corruption Commission (EACC) has seized and is preparing to auction assets valued at Sh505 million from close associates of former Migori Governor Zachary Okoth Obado. The properties, surrendered under a plea-bargain deal, mark one of Kenya’s most significant anti-corruption recoveries in recent years and signal a sharper turn toward restitution over protracted court battles.

What’s Happening

  • Ten high-value properties across Nairobi, Kisumu, and Migori are set to hit the auction block. These include residential estates, commercial buildings, plots, and mixed-use structures.
  • Owners who surrendered the assets include Jared Kwaga, Joram Otieno, Caroline Obwa, and Yuda Otago Ojuki — all implicated alongside Obado in alleged economic crimes, public property theft, and money-laundering through fictitious procurement contracts during his tenure between 2013 and 2017.

Key Assets to Be Auctioned

  • Six properties linked to one individual (Kwaga) will be auctioned, including luxury apartments in Nairobi’s Greenspan Estate, two blocks of ten-apartment residential units in Migori, a commercial office complex known as Sunrise Centre, and a townhouse in Loresho Ridge.
  • Another accused, Otieno, is surrendering small rental blocks on a plot in Suna East/Wasweta, Migori.
  • Obwa is losing a three-bedroom apartment in Riara, Nairobi, and a four-storey block of flats in Kisumu’s Lolwe Estate.
  • Ojuki forfeits a mixed use property in Rongo, Kamagambo, with both commercial and residential components.

Auction Process & Public Impact

  • The EACC has scheduled auctions for October 2025 in Nairobi, Kisumu, and Migori. Bidders must pay a refundable Sh500,000 deposit to participate, and successful bidders must pay 10% of the purchase price on the auction day, with the rest due within 60 days. Reserve pricing and proper title consents will apply.
  • Funds recovered will be redirected into Kenya’s development budget, specifically for healthcare and education services.

Why It Matters

This recovery signals a shift in how Kenya deals with corrupt proceeds: rather than letting court cases drag on for years, the government is turning to plea bargains and asset forfeiture to recoup public money more swiftly and visibly.

It also sends a stark message to public officials and private actors alike that ill-gotten wealth—even if acquired through proxy or contracted firms—can be seized without lengthy legal wrangling, so long as cooperation is secured.

For the citizens of Migori, Nairobi, Kisumu — areas that may have suffered from lost resources — this represents partial restitution. It may also test public confidence: whether recovered assets truly translate into improved services or simply fill audit reports.

Wamuzi News Ke

The Pulse Of Today's News

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

Petition Filed to Erect Monument for Raila Odinga at Parliament Envelope Sparks National Debate.

Petition Filed to Erect Monument for Raila Odinga at Parliament Envelope Sparks National Debate.

Marathon World Record-Holder Ruth Chepngetich Hit With Three-Year Ban in Doping Blow.

Marathon World Record-Holder Ruth Chepngetich Hit With Three-Year Ban in Doping Blow.

Veteran Broadcaster Sammy Lui Passes Away, Marking End of an Era in Kenyan State Ceremonies.

Veteran Broadcaster Sammy Lui Passes Away, Marking End of an Era in Kenyan State Ceremonies.

Casual Phrase ‘Wantam’ Warned Could Be Declared Unlawful — MP Sounds Alarm on Kenya’s Digital Future.

Casual Phrase ‘Wantam’ Warned Could Be Declared Unlawful — MP Sounds Alarm on Kenya’s Digital Future.

William Ruto Stands Firm On New Cybercrime Laws Amid Nationwide Uproar.

William Ruto Stands Firm On New Cybercrime Laws Amid Nationwide Uproar.

U.S. Demands Arrests and Sanctions, Backs Creation of New Anti-Gang Force in Haiti.

U.S. Demands Arrests and Sanctions, Backs Creation of New Anti-Gang Force in Haiti.