Auctioneers raid Moi associates over bank loans

Two more confidants of former President Daniel arap Moi are fighting seizure and auction of their assets over loan defaults, joining the growing list of individuals who rose to prominence during his administration to have fallen on hard times.

Hosea Kiplagat, a former Cooperative Bank chairman, and Retired Africa Inland Church (AIC) Bishop Silas Misoi Yego risk losing property worth millions of shillings in Nairobi and Eldoret after two banks put them up for auction to recover unpaid loans.