The High Court has ordered President William Ruto’s ally Mary Wambui Mungai to pay Equity Bank Sh100 million or lose her hotel to auctioneers. The hotel is known as Glee Hotel and is located in Runda, Nairobi.
The ruling came after President Ruto’s ally Wambui moved to court seeking to stop Equity from exercising its statutory power of sale over the hotel and other properties belonging to her that had been charged for a loan.
“The suspension is on condition that [Mary Wambui Mungai] pays [Equity Bank] the sum of Sh100 million within seven days of the date of this ruling, in default of which the order of suspension shall automatically lapse,” the High Court in Nairobi ruled.
In her plea to the court, Mary Wambui had sought for an extension of 60 days to comply with a consent agreement that she had entered into with Equity Bank at the beginning of 2026.
According to the consent that was recorded on February 24, 2026, Equity Bank had agreed to accept Sh7.75 billion in full and final settlement of outstanding debt that the woman and her related entities owe the bank.
The properties that were used to secure the debt included parcels of land on which the Glee Hotel was constructed on,
This amount was 85 percent of the total debt owed by Wambui that was to be refinanced through an arrangement by KCB Bank Kenya. This agreement required payment within 45 days.
At the same time, the agreement declared that failure to pay the money within the stipulated period would entitle Equity Bank to rescind the settlement and pursue the recovery of the full debt together with related interests and costs by means of enforcing the charged securities.
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Mary Wambui had told the court that she needed an extra 60 days to comply since the deal was complex and required intense due diligence on the part of the KCB Bank.
This was however opposed by Equity Bank which told the High Court that the dispute had already been settled through a binding consent judgement that had been entered into voluntarily by the parties involved.
