The Ethics and Anti-Corruption Commission (EACC) has successfully sold five properties recovered from former Migori Governor Okoth Obado and former Nairobi County Treasury Head Stephen Ogaga Osiro through a public auction held on Thursday.
The auctioned properties, all located in Nairobi, are part of ten assets slated for disposal following court orders issued in Anti-Corruption and Economic Crimes Suit No. 20 of 2018 and Suit No. 10 of 2021.
The properties sold and their respective sale prices were:
- Riara Apartment No. FF3 (Three-bedroom) – KSh14,000,000
- Greenspan Estate Apartment (Three-bedroom) – KSh6,950,000
- Greenspan Estate Apartment (Two-bedroom) – KSh6,755,000
- Greenspan Estate Maisonette No. 279 – KSh11,000,000
- Loresho Ridge Estate Town House – KSh31,000,000
The total amount realised from the five properties stands at KSh69,705,000, with all units sold above their reserve prices.
The remaining five properties, located in Kisumu and Migori counties, are scheduled to be auctioned on October 16, 2025, and the EACC has invited interested members of the public to participate.
In accordance with Section 56C of the Anti-Corruption and Economic Crimes Act, all proceeds from the sale of recovered assets will be deposited into the Consolidated Fund.
The Commission reaffirmed its commitment to identifying, tracing, and recovering assets acquired through corruption and unexplained wealth, emphasizing that no individual should benefit from ill-gotten gains.
