Court Has Declined An Application by Moses Kuria to Halt The Auctioning of His Land

The High Court has declined an application by former Trade CS Moses Kuria to halt the auctioning of his two parcels of land to repay Sh54 million owed to a commercial bank.

Kuria took a loan of Ksh 50 million from Equity Bank in 2018, where the first installment of Sh10 was disbursed to Kuria in May 2018.The cash was to be used to put up a storey building for rentals.

The bank has now moved to auction two parcels of land in Kiambaa and Juja, which were used as collateral for the loan.

Kuria had rushed to court seeking orders to stop the planned auction, which was scheduled to be conducted by Garam Auctioneers on Tuesday, April 8.

Justice Aleem Visram on Monday ruled that the court could not stop the auction because Kuria had failed to meet the threshold for the grant of such orders.

Documents filed in court showed that Kuria had stopped servicing the loan as of June 2022.

The amount owed had risen to Ksh 54 million as of 2024 including interests.