Jeff Koinange could lose multimillion shilling villas in Kitisuru over Sh130m debt to NCBA

Jeff Koinage. [Photo courtesy]

Celebrated TV journalist and JKL show host on Citizen TV Jeff Koinange could lose multi-million shilling property in the posh Kitisuru suburbs of Nairobi.

Reports indicate that his two villas in Kitisuru valued at Sh200 million will be auctioned to recover Sh130 million debt he owed NCBA Bank, a financial institution linked to President Uhuru Kenyatta’s family.

In one of the local dailies, an auctioneering firm, Garam Investments advertised the property and urged those interested in it to deposit Sh5 million in the bank to start off the bid.

“All that parcel land known as L. R. NO. 7741/263 (I. R. NO. 115833) off Kitisuru Road area Nairobi County registered in the name of Jeff Mwaura Koinange,” the advert read in part.

It went ahead to describe the location of the property and other specifics like that plot measures 0.6575 acres.

The plot has fully developed two four-bedroom villas all en suite with a separate servant quarter.

“The title is freehold interest,” the ad further stated adding “the current annual rates payable amount to Sh16,500. The annual rates payable together with accrued penalties amount to Sh70,291 as at 27.01.2020.”

The auction is set for April 28, 2020.

Koinange who is famously known for his riveting show, Jeff Koinange Live (JKL) on Citizen TV is yet to comment on the matter.