The hammer is about to fall on assets seized from individuals linked to corruption, as the Assets Recovery Agency (ARA) gears up for a major public auction.

The agency has issued a notice announcing the sale of forfeited properties under the Proceeds of Crime and Money Laundering Act (No. 9 of 2009), in a bid to reclaim wealth siphoned from public coffers.

Scheduled for March 13, 2025, the auction will commence at 10:00 am across various locations detailed in the Auction Catalogue.

M/s Keysian Auctioneers has been appointed to oversee the process, with all assets sold on an “as-is-where-is” basis.

“The Agency in conjunction with the Appointed Registered Auctioneer (M/s Keysian Auctioneers of P.O. Box 2788-00200 Nairobi; email address [email protected]; 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 stated.

Read More

  1. Nairobi mulls approving 75-storey buildings in major urban overhaul
  2. Thika Road, Southern Bypass among roads set for tolling in new Govt policy
  3. NBA Africa, Safaricom unveil programme to promote youth basketball in Kenya

Prospective buyers will have a chance to inspect the items from February 26, 2025, to  March 12, 2025, between 9:00 am and 3:00 pm at designated sites.

“The Public Auction shall be held at Auctions Centres indicated in the Auction Catalogue on Thursday 13th March 2025 starting at 10.00 am,” ARA added.

The upcoming auction follows an intensified push by authorities to recover assets acquired through corruption.

The Ethics and Anti-Corruption Commission (EACC) reported that in the 2023/2024 financial year alone, Sh2.9 billion worth of illicit wealth was reclaimed, through both court rulings and out-of-court settlements.

Among the high-profile cases, former Samburu Governor Moses Lenolkulal was compelled to surrender Sh80.7 million linked to his county’s finances.

Similarly, ex-Nairobi City County employee Jimmy Mutuku Kiamba forfeited Sh317 million to the government after investigations into his assets.

Efforts to claw back public funds looted through corruption have been ongoing for years.

In 2016, then-President Uhuru Kenyatta unveiled a list of frozen assets worth Sh1.6 billion, tied to officials accused of amassing wealth through fraudulent means.

As the state ramps up asset recovery efforts, the upcoming auction serves as a stark reminder that looted wealth will not remain in private hands forever.