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19 /real-estate-news.php REAL ESTATE NEWS

Former MP John Mututho's Multi-Million-Shilling Nairobi Property Put Up for Auction

By John Wanjohi Thu, 04/22/2021 @ 10:08pm 1489 views 3 comments
Former MP John Mututho's Multi-Million-Shilling Nairobi Property Put Up for Auction

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A multi-million-shilling property belonging to former Naivasha MP John Mututho has been put up for auction.

The eight-bedroom double-storey residential house with 17 other single rooms, three toilets, and two bathrooms is located in Riruta Satellite within Nairobi’s Kawangware area.

In a notice on Monday, Garam Auctioneers indicated that the residential property brings in Sh165,000 in rental income per month. 

“Parcel of land known as L.R. No. Dagoretti/Riruta/s.499 Riruta Satellite Nairobi registered in the name of John Michael Njenga Mututho,” the notice for auction reads in part.

It is yet to be established which lender Mututho, the former chair of the National Authority for the Campaign Against Alcohol and Drug Abuse (NACADA), owes.

“The outstanding land rates and penalties were Sh165,590. Piped water and mains electricity services are connected,” the notice adds.

The property is situated 950 meters off Dagoretti Corner-Kawangware-Uthiru Road and measures 0.23 acres.

Mututho joins a growing list of Kenyans losing their property in the wake of the harsh economic times occasioned by the COVID-19 pandemic.

Kenyans defaulted bank loans worth Sh73 billion in 10 months to December 2020, according to Central Bank of Kenya (CBK) data.

 

Comments

Kenya

Thu, 04/22/2021 @ 01:46pm

  • Reply

Pole sana. Korona has brought so many problems.

Morris Menye

Fri, 04/23/2021 @ 08:38am

In reply to Pole sana. Korona has… by Kenya

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Pole to who and why?As chairman of parliamentary agriculture committee muuaji Mututho let muuaji Raila & jambazi Kibaki escape justice after importing contaminated maize to Kenya from SA thirteen years ago.The maize coursed cancer which is still killing Kenyans.He also aided those involved in the shs 24b.maize scandal escape justice.He was not even ashamed to display his shs 200m.newly house,built by bribery for “good job”.

Kimpembe

Fri, 04/23/2021 @ 08:07am

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Who the fck cares. This is not news!!!

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