This archive report was first published on 6 August 2020.
Published on August 6, 2020, a report by a local daily revealed that the Bank of India is seeking to repossess the home of Hosea Kiplagat, a nephew of the late President Daniel Arap Moi.
Hosea Kiplagat, a former powerful politician during the Moi era, guaranteed and failed to repay loans by two of his companies, Eldoret Concrete Poles Limited and Timber Treatment Limited.
The public auction of Kiplagat's home, located in Nairobi's Karen area, has been set for between August 25 and August 28 and will be conducted by Garam Investments Auctioneers.
The five-acre parcel of land, valued at an average of Sh. 55 million per acre, is developed with a luxurious three-bedroom main house complex, a son's two-bedroom guesthouse, and a swimming pool among other amenities.
