23 C
Kenya
Wednesday, May 27, 2020

Jeff Koinange in loan deal with Kenyattas’ bank to avoid auctioneers

Must Read

This is the cost of rearing Kienyeji chicken in Kenya

Kienyeji Poultry Farming: Below is the cost estimate prepared by Neo Chicks for raising 100 Improved Kienyeji Chicks up...

Estates in Nairobi where Kenyans are buying homes

Nairobi Estates: The latest house pricing index by the Kenya Bankers Association has revealed the estates in Nairobi where...

Beware of these mechanic rip-offs when taking your car for check up

Garage Business in Kenya: Some mechanics are quarks, others are just ‘legit thieves’. Either way you don’t want to...

Jeff Koinange House: Prominent media personality Jeff Koinange has inked a deal with the Kenyatta family bank, NCBA to stop the auctioning of his homes in the prime Nairobi Kitusuru area.

The deal saw NCBA send a notice to Garam Auctioneers who were set to auction off the property to halt any auction proceedings.

The houses estimated to be worth Sh. 200 million include two four-bedroom villas. The houses were put on auction over a Sh. 130 million bank debt.

Highest paid news anchors and radio presenters in Kenya (Updated List)

The houses in the high-end Kitisuru area sit on 0.67 acres and are each attached with a servant’s quarter. They will be sold on April 28. “The title is a free hold interest. The current annual rates payable amount to Sh. 16,500. The annual rates payable together with accrued penalties amount to Sh. 70,291 as at 27.01.2020,” the advert by Garam Investments says in part.

Mr. Koinange is said to owe the Kenyattas’ NCBA bank up to Sh. 65 million, which is the unpaid figure out of the Sh. 130 million debt. The debt is said to have fell into default last year.

Mr. Koinange, a former CNN journalist currently working with Citizen TV, is one of the highest paid journalists in Kenya. He is considered rich and flashy, with a monthly salary estimated to be at Sh. 2 million.

Already, the auctioneers had received interests from buyers who were willing to place a deposit of Sh. 5 million ahead of bidding for the prime Jeff Koinange house.

- Advertisement -

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

160,188FansLike
10,907FollowersFollow
107FollowersFollow
243SubscribersSubscribe
WhatsApp
Telegram

Latest News

Equity Bank cancels Sh. 9.4 billion dividend payout over coronavirus

Equity Bank Dividend: Equity Bank has cancelled its Sh. 9.4 billion dividend payout to shareholders. This decision comes in...

Estates in Nairobi where Kenyans are buying homes

Nairobi Estates: The latest house pricing index by the Kenya Bankers Association has revealed the estates in Nairobi where Kenyans are buying more houses. According...

Beware of these mechanic rip-offs when taking your car for check up

Garage Business in Kenya: Some mechanics are quarks, others are just ‘legit thieves’. Either way you don’t want to be in business with any...

Safaricom Foundation Funds Water Projects in Nairobi Settlements

An estimated 90,000 people in Korogocho, Kawangware, Kibra and Mathare are set to benefit from Safaricom Foundation funded water projects geared towards prevention of...

Online Writing is the Real Deal

Online Writing is the Real Deal My Journey! “Should I buy you airtime to make calls and chat your girlfriends, or should I save up...

More Articles Like This

- Advertisement -