The auction of businessman and presidential candidate Cyrus Jirongo’s land in Kitale to recover a defaulted loan in the collapsed Dubai Bank fell through Wednesday after bidders failed to match the reserve price.
Valley Auctioneers, contracted by the Kenya Deposit Insurance Company, failed to get a buyer who could match the Sh70 million reserve price for the 102.7 acres located 18 kilometres from Kitale town, Trans Nzoia County.
