Bank now free to auction MP Arama’s Sh9m home

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Samuel Arama

The Family Bank is now free to auction the home of the Nakuru Town West MP Samuel Arama after the lawmaker gave up bid to stop the sale.
The MP withdrew an appeal he had filed in court challenging the judgment of Justice Dalmas Ohungo delivered in 2017, which allowed the sale of his home over Sh9 million mortgage arrears.
Mr Arama through his lawyer applied to withdraw the case from the Court of Appeal saying the matter has been overtaken by events.
He also sought to to be excused from paying the cost of the application
But the bank through their convinced the three judges to award them the cost.
The MP moved to court in 2017 to have the bank restrained from selling the land, registered under his wife’s name Florence Mandere Masita.
He told the court that the business he started using the loan failed and dwindled at last which made it difficult to re-service the whole amount.
The MP, however, explained that he had paid the principal amount as advanced together with interest.
He accused the bank of failing to issue a notice to his wife, who was the registered owner of the land.
In its response, the bank termed Mr Arama’s application frivolous, mischievous and lacking in merit.
The bank had hired Jogedah auctioneers to sell the land and intended to sell it at Sh 9,150,000.

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