Waititu’s Ruai Land Set for Auction Over Sh40 Million Loan Default

A half-acre parcel of land belonging to former Kiambu Governor Ferdinand Waititu in Ruai is set to be auctioned after he defaulted on a Sh40 million loan.

The planned sale adds to a growing list of asset disposals linked to the former county boss as he serves a 12-year prison sentence following corruption convictions.According to sources familiar with the matter, the lender moved to recover the outstanding amount after Waititu failed to meet agreed repayment terms.

The Ruai property, which had been used as collateral for the loan, will be sold through a public auction in line with recovery procedures.The development underscores the financial and legal fallout facing Waititu since his conviction on graft-related charges. In recent months, several of his assets have either been seized or earmarked for sale as creditors seek to recover unpaid loans and penalties.

The auction of the Ruai plot highlights the pressure on his estate amid mounting obligations.Waititu’s conviction marked a significant moment in Kenya’s anti-corruption drive, with courts imposing a lengthy sentence and fines tied to abuse of office and procurement irregularities during his tenure as governor.

Legal experts note that asset recovery and auctions are common consequences where loans are secured against property and repayment defaults occur, regardless of a borrower’s incarceration.As the auction date approaches, interested buyers are expected to participate through licensed auctioneers, with proceeds directed toward settling the outstanding debt.

The case continues to draw public attention as a reminder of the legal, financial, and personal costs associated with corruption convictions in public