Court orders forfeiture of Sh426.8mn in assets linked to ex-Kilifi land registrar

Jukwaa

📻 Breaking It Down

The EACC said the Anti-Corruption and Economic Crimes Court, in a judgment delivered on September 18, 2026, found that Nyakundi and his associates failed to satisfactorily explain the disparity between the assets they acquired and their known legitimate sources of income.

Justice Benjamin Musyoki ordered the forfeiture of assets including cash held in bank accounts and M-Pesa, properties in Nairobi, Mombasa and Kilifi, motor vehicles and cash recovered during a search operation.

The assets ordered forfeited comprise Sh233,581,982.16 in bank and M-Pesa funds, prime properties valued at Sh177.11 million, motor vehicles valued at Sh11,899,999.88, and Sh4.26 million in cash recovered during a search operation.

📌 What You Need to Know

Among the properties are Bantu Hotel along Kangundo Road in Nairobi, valued at Sh107.7 million; the Saro Wiwa apartment block in Utawala, Nairobi, valued at Sh35 million; a Mombasa penthouse valued at Sh19 million; and 11 parcels of land in Kilifi and Thika valued at Sh15.41 million.

The motor vehicles listed by EACC are a Land Cruiser Prado, a Mercedes-Benz, and a Toyota Hilux.

“The Commission’s investigations established that between January 2013 and March 2024, Mr. Nyakundi and his associates acquired assets cumulatively valued at KES 771,893,224,” EACC said.

The assets acquired during the period included Sh467,764,521.60 transacted through various bank accounts and M-Pesa numbers, landed properties valued at Sh287.51 million, motor vehicles valued at Sh20.06 million, and Sh4.26 million in cash recovered from the defendants’ residences.

According to EACC, Nyakundi’s gross monthly salary ranged from Sh69,660 in 2013 to Sh115,630 in 2024.

“During the investigations, Mr. Nyakundi and associates could only satisfactorily explain the acquisition of assets valued at KES 58,170,000,” EACC said.

📰 Source: Capital FM Kenya

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