Jeff Koinange’s Sh200 Million Villas Put Up for Auction
Kenyan media personality Jeff Koinange is on the verge of losing two expensive houses in Nairobi after they were put up for auction over a bank debt amounting to Sh130 million.
The two four-bedroom villas stand on a 0.67-acre parcel of land in the high-end Kitisuru suburb, each attached with a servant’s quarter, Business Daily reports.
An advert published in local newspapers by Garam Investments on Monday invited prospective buyers of the two houses to submit their bids ahead of the auction day on April 28th.
“All that parcel land known as L. R. NO. 7741/263 (I. R. NO. 115833) off Kitisuru Road area Nairobi County registered in the name of Jeff Mwaura Koinange,” part of the ad read.
“The title is freehold interest. The current annual rates payable amount to Sh16,500. The annual rates payable together with accrued penalties amount to Sh70,291 as at 27.01.2020.”
NCBA bank is seeking to recoup about Sh65 million from the sale of each of the two properties over a loan that fell into default last year.
Those looking to buy the two homes through the public auction have been asked to place a deposit of Sh5 million ahead of bidding for the houses estimated to be worth Sh200 million.
"The bidders will be required to produce a bidding deposit of Ksh5 million by way of cash or bankers cheque before being allowed to bid," the notice adds.
Koinange was living in one of the villas and rented out the other one, which he previously used to store art pieces.
Koinange, who currently works with Royal Media Services, is believed to be one of the richest journalists in the country.
Comments (41)
Hehe....
He wish he got fired from CNN now, he would have qualified for the unemployment package via the $2 trillion dollars stimulus.
Did you know Jeff is a registered sex offender in America?
Just wow!
Why kick a man when hes down?
Stop lying, you fool!! Sex offender from your half faced ugly sister??
Jeff can ask his rich kusho to help him. That is a pocket change.
Haiya, hata Jeff, from the mighty Koinange family.
Too arrogant of a Aman, let him feel the pain just like other ordinary human being s. And yes he is aregistered sex offender in the Us.
Hate is real
Stop lying, you could be sued or jailed
http://state.sor.gbi.ga.gov/Sort_Public/SearchOffender.aspx
And what is your practical definition of arrogance; if I may ask you! You are just jealous of a man you don’t even know.
###me googling Jeff Koinange; registered sex offender??? Which state please???
This why US is great! Do some shit and run & the long arm of justice will catchup with your thieving/stalker/rapist or pedophile self.
Its a lie. Jeff quit U. S media for Kenya. A white coworker lied on sexual accusations on him.The allegations were not true and went nowhere but she was paid by CNN
The women set him up, the mhindi he was dating.
@kibowen - Surely you celebrate evil like a little bitch, and you have no proof! Oh, a Kalenjin talking shit about a Kikuyu!? If Kikuyus fall one inch, the lakes will fall 10 feet further down! Don’t rejoice when an able man is down! Jeff will rise, rise, and rise again, and more so again! You have a major problem with the Kikuyus but unfortunately you will remain a herders boy until you die! Jeff is not going anywhere you piece is shit!
Now look at this loser talking about Jeff! You just got through cursing the Kikuyu women in another page and now you want to wage a war with Jeff Koinange? Boy, you sure got some nuts to venture in this rocky road with Jeff! Jeff is a personal friend of the Canadian Prime Minister and he will get you deported back to your little village in Iten!
I dont understand why all the negativity.Which state and when was the sex offence registered ,and why is he always allowed to travel to the US with such serious crime ? Just thinking aloud
Atlanta
Its lies. Type his names here and you will learn that he is not a registered six offender in the US
http://state.sor.gbi.ga.gov/Sort_Public/SearchOffender.aspx
Some people seem to be happy for other people's misfortunes. The same thing can befall you or your friends. Especially, you guys in diaspora, you know you got shit covered in a pandora's box. One day the Fed may get the pandora's box open. Don't buy kids as dependants so as to steal from IRS.
“Oh my oh my”is he not employed by Citizen .What is the source of his money problems slay queens or alcohol?Where did he relocate to once he moved out of his mansion,and why does he not hook up with Huddah to get him rich tenants .They are supposedly buddies and Huddah states that is how she made her money by selling real estate and not on her “back”.Surely give his excellency a call he will bail you out .Tell him you went to his former high school.
Oh my my. Did Jeff Koinang'e read all this comments?
I am not surprised everyone talking smack about Jeff would not think twice to kiss his ass if they met in public...
Jeff is one of the finest and he always rises from down fall...so spare us you broke bitter comments...
It is because of people like you that kenya will never prosper...
I am not surprised everyone talking smack about Jeff would not think twice to kiss his ass if they met in public...
Jeff is one of the finest and he always rises from down fall...so spare us you broke bitter comments...
It is because of people like you that kenya will never prosper...
The property market has tanked and real estate is coming down
Supply and demand is real.
Too many landlords and few tenants in Kenya.
@Ryan..so right. The hate is real!
Watu wetu!! why all this negativity. OK. Jeff might be going through personal issues or challenges. He is not any different from us. We all go through challenges but my concern is that there are those among us praising when one is going down. they then add a heap of lies to make it look good. Would you want to see such posted about you? Let's learn to be there with and for others and if one is not ready to do so, just save the ink in your pen. Stop posting lies on others!!
This is the place to be
Jeff Koinange is our own brother. We gain nothing by celebrating his misfortune, if at all this is true. I love his shows because that's him whether we like it or not. He'll pull through. He's a great guy. He's Kenyan. Not good to badmouth him. Just pray for him.
Well said my brother! Let’s not celebrate others while they are facing difficulties. And Jesus said, let the most innocent one cast the first stone to the prostitute. No one dared to do because they knew all of them were not perfect! Evan those shouting here have a lot baggage of their own and should stop celebrating misfortunes.
Jeff is a talented and iconic journalist, his money problems are none of anyone's business.
His alleged sexual offences are probably false, don't be quick to judge. Everyone has a dirty closet
Haters will always hate! Their lives are probably too boring. Please get a life and let people be.
Jeff is a talented and iconic journalist. His money problems are none of anyone's business
The alleged sexual offenses could be false. Don't be too quick to judge. Plus every one has dirty closet
Haters will always hate. Their lives are probably too boring. Please get a life and let people be!
Why would some pple be happy of someone's downfall.whether it's TRUE or not,he is not asking any help.wakenya when will we mature surly to mind our own business.wengine wanamnjua as if he is begging them.shamful
I like Jeff so much. His work inspires everyone including his boss, the president and the kenyan public. We don't have a journalist of his stature in kenya and Africa of today. He is the only one.
I beg Mr. Hon. Macharia to bail Jeff koinange out of this embarrassment to himself, family and the country kenya not to mention Africa as a whole in the face of the world.
What is 130 million kshs for many millionare kenyans. This is the son of the great koinange. Whoever can bail him out, please do.
Do not wait to contribute 130 meter on his funeral after his death with stress. Ok, you sell his house, after this publicity, will he be on the screen again?
Jeff has asian in-laws, come on,let us bail him out whichever way.
I am a top notch licensed Auctioneer in this country, but for Jeff, a renowned journalist, the man who entertains me on TV, for a debt of kshs. 130 meter only, I would resist to Auction his property and forgo my fees.
Mr. Macharia, this is my personal appeal to you, bail Jeff Koinange out today and not tomorrow. It will add you some points as a carring employer. You talk the same language with Jeff. Immagine Jeff out of the screen due to stress on a kshs.130m debt. Come on Hon. Macharia, bail Jeff koinange out.
Jeff, come to the worst, open an Mpesa Till account for kenyans to contribute for your debt bail out. We kenyans will be united to bail you out in just few days before my friend and colleague Mr. Gikonyo of Garam Auctioneers rings the bell.
I watch your programs Jeff, I like you on the screen, it adds my days on earth. Not Jeff, let it be someone else.
As a kenyan, ALWAYS remember that things are often not what they seam. I would not be one bit surprised to find out that that this was a deal between all the involved parties. I'm certain Mr Jeff will be fine. Spare yourself the wailing.
I sympathize with Jeff cos he is a good person who has been helping the less fortunate and even highlighting their issues. It my prayer that God will make a way for him.
Jeff is a Master..his properties within Nairobi can't be equal to this measure...this situation is is not the way you think and understand it rather than Jeff and the bank..on the other hand Jeff has got friends and more serious ones..almost the whole amount i know is being worked on...again lets mind our language as kenyans...
Jeff is a Master..his properties within Nairobi can't be equal to this measure...this situation is is not the way you think and understand it rather than Jeff and the bank..on the other hand Jeff has got friends and more serious ones..almost the whole amount i know is being worked on...again lets mind our language as kenyans...
All those jealous folks talking smarch about Jeff Koinange will be very ashamed in the end! Jeff is not your kind of man to take shit from no body! Even the banks know that and they will be cautious approaching this matter! Go Jeff!!
I find quite a shaming for Kenyans abroad commenting about how Jeff is going down because of property investment issues. Some of you are shouting that Jeff s arrogant and so he deserves what is happening to him.But remember that Jeff is one of you who return home after working all over the world to try and make something for himself; which he has done very well! These Kenyans commenting here in a negative way ought to be ashamed. They are jealous of Jeff but the man will beat this nonsense. Stop putting one of your own down for no particular reason.
What is really wrong with Kenyans - you seem to enjoy talking about misfortunes of others rather than sympathize with those who have been affected. And why are so many Kenyans here celebrating Jeff’s problems while they have bigger problems of their own? It does not make any sense to be that cruel to someone you don’t even know. Stop it folks!
Folks, the coronavirus pandemic which knows no boundaries have yet to tame our negative thinking people toward those in trouble! Now, nearly every body is jumping like toddlers over Jeff’s small troubles but you still want to be seen on JKL! Wow, folks; please look at yourselves in mirror and restructure your evil thought process toward others! Jesus Christ, please come soon!!