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Originally published by Citizen Digital
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September 19, 2025
1h ago

Court orders Eco Bank Kenya assets be auctioned over Ksh.284M owed to late Minister Mbiyu Koinange

Court orders Eco Bank Kenya assets be auctioned over Ksh.284M owed to late Minister Mbiyu Koinange

Court orders Eco Bank Kenya assets be auctioned over Ksh.284M owed to late Minister Mbiyu Koinange..

✨ Key Highlights

The High Court has ordered the auction of Eco Bank Kenya Limited's movable assets to recover Ksh.284 million owed to the estate of the late Cabinet minister Mbiyu Koinange. This directive follows a ruling that Eco Bank unlawfully permitted withdrawals from the estate's account.

  • Moran Auctioneers is authorized to attach and sell the bank’s property after a 15-day notice.
  • The order was issued on September 19, 2025, stemming from a June 26, 2025, ruling by Justice E.K. Ogolla.
  • The estate sought action in March 2024 to compel Eco Bank to account for the missing funds and disclose beneficiaries of the withdrawals.

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