The High Court has rejected a request to stop the auction of multimillion-shilling properties belonging to Moses Kuria, President William Ruto’s Senior Economic Advisor.
In the ruling on April 7, 2025, Judge Aleem Visram stated that Moses Kuria’s reasons were without merit, citing that he had failed to service the loan and therefore the facility fell into arrears several years ago.
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“It is also worth noting that the Applicant, Moses Kuria, has not denied the debt, but rather, has explained that the reason he was unable to service the loan was because he experienced difficulty developing the Properties during the COVID-19 Pandemic,” read part of the ruling.
The properties that were to be auctioned include residential apartment blocks located in Ruaka and Juja, both in Kiambu County. Garam Investments had listed several apartments that belonged to Kuria to be auctioned on April 7, 2025.
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Moses Kuria Court Case
“The record also shows that, as of June 2022, the Applicant had stopped fulfilling the contract for an extended period. By then, the outstanding amount owed to the Bank was approximately Kshs. 54,278,865,” read the ruling.
Further, the judge ruled that the former Cabinet Secretary for Public Service did not produce enough evidence that justified why the auction should be stopped.
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The Court noted that on March 18, 2025, Kuria had made a payment amounting to Ksh 733,000, however, the said payment was less than the sum agreed to be paid between the parties.
Moses failed to honour an agreement to pay Kshs. 6,466,000 by March 28, 2025, and complete the rest and further repay the remaining amount by the end of April 2025.
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Default of Loan Repayment
Further, Moses Kuria had defaulted on paying a multi-million-shilling loan, prompting the lending institution to begin recovery efforts through the sale of assets.
The Bank maintained that they carried out the process of recovery in accordance with the law, the debt is expressly admitted, remains due, and has been outstanding for a prolonged period of time.
Despite several notices and attempts to engage with the former CS, the debt has remained unpaid.
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Further, Visram stated that it was evident that all efforts to renegotiate the terms of repayment and to compromise the matter in an amicable manner had failed.
Therefore, there is no valid ground upon which the Bank ought to be restrained from exercising its statutory power of sale.
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