The Ethics and Anti-Corruption Commission (EACC) has confirmed the recovery of KSh 56 million from the sale of four properties belonging to former Migori Governor Okoth Obado.
The auction took place on October 9, 2025, and forms part of ongoing efforts to recover assets linked to corruption and economic crimes.
The properties auctioned were located in Nairobi, among them two Greenspan Estate apartments, a Greenspan Estate maisonette, and the Loresho Ridge Estate Townhouse.
All properties were sold at prices exceeding their reserve valuations, generating a total of KSh 55,705,000.
“The proceeds from these auctions will be deposited into the Consolidated Fund as mandated by law,” stated Stephen Karuga, Head of Corporate Affairs and Communication at EACC.
Properties Sold Above Valuation Reserve-EACC
The successful auction highlights EACC’s commitment to ensuring that proceeds from corruption and unexplained wealth do not benefit the perpetrators.
These properties were part of assets earmarked for disposal following court orders in Anti-Corruption and Economic Crimes Suit No. 20 of 2018 and Suit No. 10 of 2021.
Also Read: EACC, DPP Clash Over Former Governor Obado’s Freedom After Recovery of Ksh235M
The Greenspan Estate three-bedroom apartment fetched KSh 6,950,000, while the two-bedroom unit and the Greenspan maisonette went for KSh 6,755,000 and KSh 11,000,000, respectively.
In addition, the Loresho Ridge Townhouse was sold at KSh 31,000,000.
“All the properties were sold above their valuation reserve prices, reflecting high public interest and transparency in the process,” Karuga noted.
Remaining Assets Set for Future Auction
The remaining Obado-linked assets, situated in Kisumu and Migori counties, are scheduled for auction on October 16, 2025.
Members of the public are invited to participate in the exercise.
Also Read: EACC Recovers Grabbed Land Parcels Worth Sh320M in 2 Counties
According to the commission, these efforts form part of the Commission’s broader mandate to trace, recover, and return proceeds of corruption to the public coffers.
“We remain committed to ensuring that corruption and economic crimes do not pay. The recovery of these assets is a step towards accountability and transparency,” Karuga added.
EACC continues to monitor and manage the disposal of recovered assets to uphold integrity in public office and maintain public trust.
The recovered funds will contribute to national development through the Consolidated Fund, reinforcing the principle that public resources must benefit citizens rather than individuals who engage in corrupt practices.
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