The Ethics and Anti-Corruption Commission (EACC) has announced plans to auction prime properties owned by former Migori Governor Okoth Obado. The assets, valued at Sh505 million, span Nairobi, Kisumu, and Migori counties.
EACC confirmed that the move follows the commission’s recovery of assets linked to corruption allegations involving Obado. The properties include residential and commercial real estate, which will be sold to recover public funds.
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Officials stated that the auction process will be conducted transparently to ensure fair competition. Interested buyers will be required to follow the set procedures and deadlines outlined by the commission.
The decision to auction the properties comes after court orders granted EACC the authority to seize and sell assets associated with Obado. This step is part of ongoing efforts to enforce accountability in public office.
EACC emphasized that the proceeds from the sale will be directed towards compensating funds lost through alleged mismanagement. The commission also noted that this action serves as a deterrent against corruption among public officials.
The Nairobi properties include prime commercial buildings in the central business district. Kisumu holdings feature both residential and commercial plots, while Migori assets consist mainly of high-value residential properties.
Obado, who has faced multiple corruption charges, has consistently denied wrongdoing in public statements. The auction is, however, proceeding under the authority of the courts and EACC regulations.
EACC has encouraged members of the public and investors to participate in the auction. Officials believe the sale will maximize value and ensure recovered assets benefit the public.
This auction highlights Kenya’s commitment to recovering assets acquired unlawfully. It also underscores the government’s resolve to strengthen governance and transparency in asset management.
The final auction date and terms of sale will be officially communicated by EACC in the coming weeks. The commission has pledged to maintain strict oversight throughout the sale process.
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