Bank admits withholding Sh294 million loan from Tuju’s Karen villas project

Former Cabinet Secretary Raphael Tuju at Entim Sidai Sanctuary in Karen, Nairobi on May 2, 2024.

Photo credit: Evans Habil

An official of East African Development Bank (EADB) has admitted that the lender did not disburse part of the loan borrowed by former Cabinet secretary Raphael Tuju.

Mr David Odongo told Justice Alfred Mabeya that the loan deal with Mr Tuju was two-phased comprising $9.1 million for purchase of a property in Karen and a second tranche of Sh294 million was for construction of villas which would have been sold by Tuju to enable him to repay the loan.

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