Court Orders Auction of Eco Bank Assets

Published: 23 Sep, 2025 06:50 Sources: S1 S2 S3 Category: Business Language: English Country: Kenya

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The High Court ordered the auction of Eco Bank Kenya’s movable assets to recover KSh 284 million owed to the late Cabinet Minister Mbiyu Koinange’s estate. The ruling follows a June decision that found the bank had unlawfully permitted withdrawals from the estate’s account. Moran Auctioneers was instructed to carry out the sale within 15 days. The estate initiated legal action in 2024 to trace and reclaim the funds.