The Ethics and Anti-Corruption Commission (EACC) has announced the successful sale of five prime properties recovered from former Migori Governor Okoth Obado and former Nairobi County Treasury Head Stephen Ogaga Osiro.
The auction, held on Thursday, October 9, 2025, at the Commission’s headquarters in Nairobi, marked another significant milestone in Kenya’s ongoing fight against corruption and the recovery of public assets acquired through economic crimes.
In a statement released by the Commission, the Head of Corporate Affairs and Communication, Stephen Karuga, confirmed that the public auction yielded a total of Sh69,705,000.
He explained that all the properties were sold above their valuation reserve prices, signalling growing public confidence in the transparency of the EACC’s asset recovery processes.
Karuga noted that the assets formed part of ten properties earmarked for disposal following court orders issued in Anti-Corruption and Economic Crimes Suit No. 20 of 2018 and Suit No. 10 of 2021.
The five properties auctioned were located in Nairobi’s prime residential areas of Riara, Greenspan Estate, and Loresho Ridge, and included a mix of apartments, maisonettes, and townhouses.
Among the sold properties was a luxurious townhouse located within Loresho Ridge Estate, which fetched Sh31 million, the highest amount in the auction.
A three-bedroom apartment in Riara went for Sh14 million, while units within Greenspan Estate sold for between Sh6.7 million and Sh11 million, all surpassing their initial valuation prices.
According to the Commission, the remaining five properties, situated in Kisumu and Migori Counties, are scheduled for auction on Thursday, October 16, 2025.
The EACC has invited members of the public to participate in the upcoming exercise as part of its continued effort to recover assets acquired through corruption and return them to the state.
In line 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.
Karuga emphasised that this ensures full compliance with the law and guarantees that the recovered resources are channelled back into national development priorities.
“The Commission reiterates its commitment to tracing, freezing, and recovering proceeds of corruption and unexplained wealth to ensure that perpetrators of economic crimes do not benefit from their ill-got gains,” Karuga stated.
He further affirmed that EACC will continue to work closely with the judiciary and other government agencies to strengthen the legal and institutional framework for asset recovery.
The Commission highlighted that the successful auction reflects Kenya’s progress in enforcing accountability and promoting integrity within public service.
Over the years, EACC has recovered and returned billions of shillings’ worth of assets to the government through court-sanctioned forfeitures and public auctions.
These efforts, the Commission said, are part of a broader national strategy to deter corruption, enhance transparency, and restore public trust in governance.
