Court Clears Way for Auction of Moses Kuria’s Properties Over Loan Default
The High Court has given the green light for the auction of properties belonging to President William Ruto’s Senior Economic Advisor, Moses Kuria, after he reportedly defaulted on a longstanding loan.
Justice Aleem Visram ruled on Tuesday that Kuria had failed to meet his financial obligations, clearing the path for creditors to recover their dues through the sale of his assets. The auction, scheduled for April 8, 2025, is expected to draw significant interest due to the high-profile nature of the case.
Prime Properties on the Line
Among the properties slated for auction are apartment blocks located in Ruaka and Juja, both in Kiambu County. The properties have been listed by Garam Investment Ltd., a well-known auctioneer, which has been tasked with recovering the outstanding debt on behalf of the lender.
According to court documents, Kuria had taken out a loan several years ago, but has since struggled to service the debt. Efforts to halt the auction through legal means were dismissed by the High Court, with Justice Visram stating that Kuria did not provide sufficient grounds to justify a stay.
Public Reactions and Political Implications
The decision has sparked public interest, not only due to Kuria’s position in government but also because of the broader implications it may have on public confidence in financial institutions and accountability among high-ranking officials.
Analysts note that the case underscores the importance of financial discipline, regardless of one’s status in government or politics.
Looking Ahead
The upcoming auction could mark a significant financial setback for Kuria, a once-prominent Cabinet Secretary and now a key advisor in the Ruto administration. It remains to be seen whether he will seek to settle the matter privately ahead of the auction date.
As of now, Garam Investment Ltd. has issued public notices advertising the properties and inviting interested buyers to participate in the auction on April 8.
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Court Clears Way for Auction of Moses Kuria’s Properties Over Loan Default