An MP is set to lose his Sh90 million property in Karen, Nairobi over a Sh45 million loan from Equity Bank.
Vihiga MP Yusuf Chanzu's house is up for auction after the High Court turned down a case blocking the move filed by his wife Jamila Oyoo. The palatial home sits on a one-and-half acre piece of land.
Presiding Judge Msagha Mbogholi decline to give the lawmaker more time saying that he had failed to honour previous agreement hence casting a doubt on his ability to repay the loan.
"I have taken some time to go through the material presented before me. It is not the first time the property in question is subject to litigation. Mr Chanzu was the applicant while the applicant now is Jamila Oyoo Chanzu, the spouse of the former.
"There is evidence that the husband of the present applicant had been allowed to post security to secure a stay order. That order was not obeyed to the detriment of the respondent," Msagha ruled.