Ex-Governor Obado surrenders Sh235m properties to end case with EACC.
Ex-Governor Obado surrenders Sh235m properties to end case with EACC: The anti-graft agency is set to sell eight prime properties and two land cruisers belonging to former Migori Governor Okoth Obado and his proxies in a public auction.
This is after Obado and the team offered to surrender the properties and vehicles following successful talks with the commission
The properties includes Loresho Ridge House with a market value of Sh40 million, a commercial block known as Sunrise Centre in Suna East worth Sh88 million, 5-storey residential blocks each with a total of 20 two-bedroom units with a market value of Sh57.6 million and two apartments in Greenspan worth Sh9 million each.
Others are a residential property in Kamagambo worth Sh10 million, another developed two single-storey residential blocks with eight one-bedroom units worth Sh7.5 million, maisonette in Nairobi worth Sh14.5 million and two motor vehicles.
All these items according to a consent adopted in court by Justice Esther Maina have a current market value of Sh235 million.
The commission has instituted two suits against Obado, his children and proxies.
One of the cases was unexplained assets of Sh1.9bn and the other recovery of Sh73 million being proceeds of corruption.
In the said suits, the commission had initially obtained injunction orders preserving 69 parcels of land and two motor vehicles.
However, the EACC told the court that the defendants filed affidavits and various documents including local purchase orders, contracts, inspection and acceptance certificates, consultancy reports and invoices showing the award of tenders explaining the receipt pt of Sh1.9 billion from the county government of Migori.
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