The Assets Recovery Agency (ARA) in Kenya has invited bids from eligible tenderers for the auction of vehicles and motorcycles, which are part of the assets seized by the agency.
In a notice on Tuesday, February 25, the agency said that it is in the process of disposing of forfeited assets.
ARA informed the public of the intended sale by public auction of the forfeited assets on an “as-is-where-is” basis on Thursday, March 12, 2025, starting at 10.00 am in various venues as indicated in the auction catalogue.
The agency said that the forfeited assets are items/lots as contained in the auction catalogue of the appointed registered auctioneer (M/s Keysian Auctioneers of P.O. Box 2788-00200 Nairobi; email address [email protected]; 0722 752 583/0708 674 632).
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The items, arranged in lots can be viewed from Wednesday, February 26, to Wednesday, March 12, 2025, at various areas as indicated in the auction catalogue from 09.00 am to 03.00 pm.
In addition, ARA announced that the public auction will be held at auction centers indicated in the auction catalogue on Thursday, March 13, starting at 10.00 am.
ARA lists the conditions of auctions
A catalogue containing detailed information is available at the ARA offices on 21 Floor of the UAP Old Mutual Towers upon payment of a non-refundable fee of Ksh1,000 payable as direct deposit to KCB Bank Account 1210028794, Branch KICC and Name Assets Recovery Agency.
Proof of payment (bank deposit slip) will be required on or before Thursday, March 13, at 10.00am in order to obtain an official receipt from the agency to enable acquisition of bidding number and participation in the public auction.
All interested bidders will be required to obtain a bidding number(s) from the appointed auctioneer, M/s Keysian Auctioneers.
Also, all interested bidders may view the lots at various stations as indicated in the auction catalogue.
Interested bidders are also required to pay to M/s Keysian Auctioneers a refundable Ksh100,000 auction deposit to obtain a bidding number for motor vehicle and Ksh10,000 for motorcycles.
According to ARA, the auction deposit will be treated as part-payment for the successful bidder.
The agency highlighted that the motor vehicles and motorcycles are sold on an “as-is where-is” basis and are subject to a reserve price.
“The successful bidder must pay a deposit of twenty-five per-cent (25%) of the purchase price ‘at-the-fall of-the-hammer’ to the underlisted Criminal Assets Recovery Fund Account. Branch: KICC, Account: 1240221339, Bank: KCB, Name: Criminal Assets Recovery Fund,” noted ARA.
Other conditions
Further, the successful bidder must pay the balance of 75% of the purchase price within 14 days after the public auction to the Criminal Assets Recovery Fund Account.
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The purchased motor vehicles/motorcycles, on the other hand, must be collected from the respective yards within 14 days after the public auction failure to which storage charges at the prevailing rates shall be incurred/borne by the successful bidder.
In the event that the highest bidder ‘at-the-fall-of-the-hammer’ fails to meet the condition of the auction, the second highest bidder shall be considered subject to the reserve price.
The successful bidder shall pay all costs, duties and taxes applicable to the transfer of ownership of the purchased motor vehicle/motorcycle.
On the other hand, the unsuccessful bidders shall be refunded the auction deposit by the auctioneer upon presentation of the original receipt within 14 days after the public auction.
Eligibility shall be subject to the provisions of sections 55(1)-(5) of the Public Procurement and Asset Disposal Act, 2015 as read together with 189(1) of the Public Procurement and Assets Disposal Regulations, 2020.
The Assets Recovery Agency reserves the right to conduct due diligence on the successful and the second highest bidder per lot.
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