ODM MP evicted from Karen home over debt
29 June 2016, 13:28
Nairobi - An ODM MP has been evicted from his Karen house which is set to be auctioned to pay off a debt he owes a local bank.
Yusuf Chanzu of Vihiga has lost a bid to have his house not auctioned over a KES 41.5 million debt.
The High Court threw out his application Wednesday to stop the eviction and auction to have the debt recovered that is owed to Equity Bank.
Chanzu's house is valued at KES 90 million.
The debt arose from a KES 19 million loan in November 2007. Chanzu offered
his house as collateral to guarantee the money to Capital Construction
He has since failed to repay the amount.
Equity Bank says that the MP has been unreasonable in repayment and at times failed to communicate over the way forward over the matter.
High Court judge Mbogholi Msagha said that the MP had not persuaded the court that he was not culpable to the amount of KES 640 million that the bank demands from him.
Equity says it is owed the KES 640 million by the Construction Company.
Chanzu is an MP who was elected via the Orange Democratic Party ODM.
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