Tuju’s Children in Trouble

Tuju's children in trouble as bank moves to auction property
Jubilee Party secretary-general Raphael Tuju addresses journalists in Nairobi on July 2, 2018.

Embattled Jubilee Secretary-General Raphael Tuju’s children are in a precarious position, after the High Court issued them with a demand notice to vacate by February 25.

Tuju’s three children –Alma, Mano and Yma Tuju– were issued with the notice by the bank as it seeks to take over ownership of an Hotel that has been the center of a protracted legal battle between Tuju and East Africa Development Bank (EADB).

The children had guaranteed their father’s loan from EADB.

Tuju lost the case where EADB bank had applied to auction Tuju’s property after the High Court ruled that the London based court orders obtained by the bank were valid and enforceable in Kenya.

Read also: High court okays sell of Tuju’s sh. 1.5 billion Hotel

“You shall pay EADB as payment of the principal and interest payable as at 20th December pursuant to a guarantee and indemnity dates 10th April 2015.

Further take lieu of notice that failure to pay the afore-mentioned amount plus interest shall result in EADB filing for bankruptcy against your estate,” reads the demand notice sent to Tuju’s children.

EADB, the lender, is looking to take over Tuju’s high-end Dari Restaurant, and 20-acre prime property located located in Karen, Nairobi.

The demand comes at a time when their father is recuperating at a London Hospital after an accident that saw him spent a week in ICU before being transferred abroad for specialized treatment.

The children have accused the lender of unreasonable demands saying the principal debtor–Dari Restaurant is capable and has shown reasonable commitment of meeting it’s debt obligation.

The notice to vacate is a blow to Tuju whose Dari Limited had its account frozen by the court last month and is now staring at the possibility of losing the investment over the botched loan.

Trending: Revealed: Raila fronting Rosemary Odinga to take over Nairobi county

Tuju’s hotel and other properties under his name will be put under the hammer by the bank following the demand notice.

Advertisement
Loading...

LEAVE A REPLY

Please enter your comment!
Please enter your name here