Two prime properties belonging to former Cabinet Secretary Raphael Tuju are set to go under the hammer on October 1 this year.
Auctioneers on September 13 placed an advertisement in one of the local dailies indicating that they would be selling the properties in a public auction.
The properties are Dari Coffee and Garden restaurant and Entim Sidai wellness sanctuary both situated in Karen, Nairobi.
The ad reads: "Under instructions received from the chargee's advocates, we shall sell by public auction the under-mentioned properties together with buildings and improvements erected".
Those interested will be required to place a mandatory bidding deposit of Sh10 million for each property either by cheque or cash.
Tuju and the East Africa Development Bank have been engaged in a protracted legal battle over a disputed Sh2.2 billion loan.
Tuju told the Star that the move by the bank to put his assets on auction are malicious.
"For several years, they have tried through malice to publicly humiliate, intimidate and rattle me. I can only pity them because they have not succeeded in almost eight years. Malice has no logic," he said.
Tuju said it's strange that auctioneers would place the advert knowing very well that the court is expected to rule on the intricacies of the case on September 18.
"How this can happen despite an existing court order and pending decision can only be explained by the fact that there is legal fees and auctioneers charges to be made and justified," he added.
The former CS and the bank entered into a written facility agreement on April 4, 2015.
From the agreement, the bank agreed to grant him a loan facility in the tune of $9.3 million to partly fund the acquisition and development of commercial units for sale in Nairobi.
But Tuju has maintained that the bank didn't honour the entire agreement.
He claims a balance of Sh294 million wasn't disbursed.
