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Former Migori Governor, Okosi Obado, is set to lose properties worth Ksh235 million believed to have been acquired through proceeds of corruption.
Obado’s compromise with the Ethics and Anti-Corruption Commission (EACC) will also see his two high-end cars seized. On Tuesday, the High Court authorised the anti-graft agency to seize and auction the assets.
According to the EACC, the properties, which include a Ksh40 million residence in Loreshaw Estate in Nairobi, belong to Obado and his associates and are the proceeds of corruption and unexplained wealth stolen from the Migori County Government.
In a consent decree recorded before High Court Justice Esther Maina, the EACC dropped the unexplained wealth case against Mr Obado and his children, among others.
In the settlement, Obado gave up two Land Cruisers seized in 2020, the aforementioned house in the Loreshaw area of Nairobi, two apartments in the Greenspan area of Nairobi, a duplex in the same area and a two-storey building in Suna East.
Mr Obado will also forfeit Sunrise Centre, a commercial building in Suna East valued at Ksh8.8 million, a five-storey residential building in Suna East valued at Ksh57.6 million and another property in Kamagambo valued at Ksh10 million.
“Now therefore, the defendant having tendered his surrender, the Commission has agreed to take over the eight properties and two motor vehicles, as follows, with a current market value of Kshs235,600,000, in full and final settlement by public auction.” The statement expressed agreement to sign on June 4, 2024.
The EACC initially targeted over Ksh2 billion allegedly misappropriated by the Migori County Government and sought a court ruling on whether the money constituted unexplained wealth under Section 55 of the Anti-Corruption and Economic Crimes Act.
The anti-corruption agency filed two cases: one seeking the confiscation of unexplained assets worth Ksh1.9 billion and the other seeking the recovery of assets derived from corruption worth Ksh73.4 million.
Because a fire in September 2017 destroyed the county store, which destroyed evidence, EACC was unable to find the relevant documents and therefore sought an out-of-court settlement.
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