This archive report was first published on 7 January 2020.
On January 7, 2020, the High Court confirmed a UK court's ruling that allows East African Development Bank (EADB) to recover Sh1.5 billion from Jubilee Party Secretary-General Raphael Tuju.
According to the ruling, Justice Wilfrida Okwany said the lender had satisfied the conditions for the judgement to be enforced in Kenya.
EADB had obtained a summary judgement against Mr Tuju's company Dari Ltd in April 2018, and an appeal filed by the firm had been subsequently dismissed.
The lender, through lawyer Prof Githu Muigai, had expressed apprehension about failing to recover the money, citing that Mr Tuju and his company Dari Ltd were subdividing and constructing houses on two parcels of land used as security to secure the loan.
Mr Ronald Makokha, in an affidavit, alleged that Mr Tuju could be developing the 20-acre parcel in Karen with a view to dispossessing the property, despite the titles being charged to the lender.
The bank accused Dari of defaulting on repayment of a loan of $9.3 million granted to the company in 2015.
Justice Grace Nzioka had previously blocked the regional lender from selling the Karen property, directing that no assets belonging to Dari Limited should be disposed of pending the hearing of the dispute next month.
