in

Mututho’s 8-bedroom Residential Property in Kawangware up for Auction

Mututho
/courtesy

Former National Authority for the Campaign Against Alcohol and Drug Abuse (NACADA) chair and Naivasha MP, John Mututho’s double-storey residential property is up for auction.

The 8-bedroom property located in Nairobi’s Kawangware was put on sale by Garam Auctioneers.

“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 auction notice read.

The property also includes four other single storey rental blocks comprising 17 single rooms, three toilets and two bathrooms.

Read: Reprieve for Waititu as Court Blocks Auction of Luxury Cars Over Sh10 Million Loan

It is said that the property brings in Sh160,000 in rental income on a monthly basis.

The notice also indicated that the former legislator has defaulted on land rates amounting to Sh165,000.

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

It is unclear which lender has auctioned Mututho’s property.

Read Also: KCB Auctions Nakumatt CEO Atul Shah’s Lavington Home Over Sh2 Billion Debt

Mututho joins a growing list of Kenyans losing their property as the harsh economic times persist.

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

As of March 2020, the total value of loans defaulted was Sh351.73 billion, but the amount increased to Sh423 billion or 14.1 percent of the total Sh3 trillion loan book.

The hike was attributed to the effects of Covid-19 where at least 1.72 million workers lost jobs in three months to June when Kenya imposed a lockdown.

Email your news TIPS to news@kahawatungu.com or WhatsApp +254708677607. You can also find us on Telegram through www.t.me/kahawatungu

Written by Eva Nyambura

Content creator at Kahawatungu.com | Passionate about telling the untold story. Lover of life, music and technology. Simplicity is KEY

Email: news@kahawatungu.com

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

jowie, jacque

Jowie and Maribe Murder Trial to be Heard in Open Court in May

Former Gem MP Jakoyo Midiwo’s Building in Kisumu Demolished