Raphael Tuju set for auction after losing Sh2bn UK loan suit

DNTUJUINTERVIEW1009I

Former Jubilee Party Secretary General Raphael Tuju. FILE PHOTO | EVANS HABIL | NMG

Former Jubilee Party secretary-general Raphael Tuju faces auction over a botched loan deal with a regional bank after the Court of Appeal dismissed his bid to block enforcement of a judgment by a UK court in 2019.

The appellate court cleared the way for East African Development Bank (EADB) to recover the $9.3 million loaned to Mr Tuju on July 31, 2015, which has since ballooned to over $16.5 million (Sh2.22 billion).

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.