NAIROBI, Kenya, Feb 25 – Assets seized from corrupt Kenyans will soon be auctioned as the Assets Recovery Agency (ARA) moves to recover stolen public resources.
In a public notice published today, ARA announced that the forfeited assets will be auctioned under the provisions of the Proceed of Crime and Money Laundering Act (No. 9 of 2009).
The Act, enacted in 2009, sought to deter money laundering and terrorist financing as well as identify, trace, free, seize, and confiscate proceeds of crime.
“The Agency in conjunction with the Appointed Registered Auctioneer (M/s Keysian Auctioneers of P.O. Box 2788-00200 Nairobi; email address eysianauct@gmail.com; 0722 752 583/0708 674 632) wishes to inform the general public of the intended sale by Public Auction of the forfeited assets (items/lots as contained in the Auction Catalogue) on “as-is-where-is” basis Thursday 13th March 2025 starting at 10.00am in various venues as indicated in the Auction Catalogue,” ARA said in a statement.
In the 2023/2024 fiscal year, EACC’s Financial Report showed that a total of Sh2.9 billion of illegally acquired and unexplained assets were recovered through court rulings as well as out-of-court settlements.
For example, the commission seized Sh80.7 million from former Samburu Governor Moses Lenolkulal, which was linked to the devolved unit after conviction.
Jimmy Mutuku Kiamba, also an ex-employee of the Nairobi City County, saw his Sh317 million recovered and returned back to the county.
“The items, arranged in lots can be viewed from Wednesday 26th February 2025 to Wednesday 12th March 2025 at various areas as indicated in the Auction Catalogue from 09.00 am to 03.00pm,” ARA added.
“The Public Auction shall be held at Auctions Centres indicated in the Auction Catalogue on Thursday 13th March 2025 starting at 10.00am.”
In 2016, then President Uhuru Kenyatta tabled a list of frozen assets worth Sh1.6 billion linked to corrupt government officials.
