The Ethics and Anti-Corruption Commission (EACC) has announced the successful sale of five properties recovered from former Migori Governor Okoth Obado and former City County of Nairobi head of treasury Stephen Ogaga Osiro through a public auction held on October 9, 2025.
In a statement released on Friday, October 10, the anti-corruption agency revealed that the disposed properties are among ten assets earmarked for sale following court orders issued in the Anti-Corruption and Economic Crimes Suit of 2021.
The five Nairobi-based properties were auctioned at prices exceeding their valuation reserve prices, generating a total of Ksh 69,705,000.
The commission noted with satisfaction that all properties fetched amounts above their valuation reserve prices.
Among the sold properties was Riara Apartment No. FF3, a Three-Bedroom Apartment on LR 330/140, Nairobi/Block 14/247, which fetched Ksh 14,000,000.
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A Greenspan Estate Apartment, Three Bedroom on LR No. Nairobi/Block 82/8759 sold at Ksh 6,950,000, while another Greenspan Estate Two Bedroom Apartment on the same land reference went for Ksh 6,755,000.
Additionally, Greenspan Estate Maisonette No. 279 on LR No. Nairobi/Block 82/8759 was sold at Ksh 11,000,000.
The highest-priced property, a Loresho Ridge Estate Town House on LR No. 21080/63, commanded Ksh 31,000,000.
The remaining assets in Kisumu and Migori Counties are scheduled for auction on Thursday, October 16, 2025.
EACC has invited the public to participate in the exercise. According to the commission, all proceeds from the sale of recovered assets will be deposited into the Consolidated Fund in accordance with Section 56C of the Anti-Corruption and Economic Crimes Act.
The auctioned properties were surrendered as part of a negotiated settlement between Obado, his co-accused, and the Office of the Director of Public Prosecutions in a corruption case centered on the alleged theft of Ksh 73.4 million from Migori County Government coffers between 2013 and 2017.
When charges were initially filed in 2021, the former governor and 17 other individuals faced 25 counts, including conspiracy to commit economic crimes, conflict of interest, money laundering, and unlawful acquisition of public property.
Through the plea bargain arrangement, the accused agreed to forfeit assets worth approximately Ksh 235 million, more than three times the disputed amount.
The surrendered assets comprise various residential and commercial properties as well as motor vehicles.
The EACC engaged three licensed auctioneering firms to handle the sales: Galaxy Auctioneers, Keyslan Auctioneers, and Astorion Auctioneers. The commission secured court orders granting it the authority to sell these properties.
