Gor Mahia chairman Ambrose Dickson Otieno Rachier may lose his prime residential property as it has been put up for auction.
This follows an advert in one of the local dailies by Mbuli Auctioneers who have been instructed by their principals to put it on sale.
“Under instructions from our principals, the chargees, in the exercise of their statutory power of sale, we shall sell by public auction on Wednesday, December 18 2024 at 11.00 am in our offices on Kimathi Street, Nairobi CBD, the under mentioned properties and all the improvements erected thereon,” reads part of the advert as quoted by Kenyans.co.ke
MEGAPARI is giving you the BEST ODDSand possible returns on this exciting match and on other premier league games this weekend as well.
The property that is held on a leasehold interest is known as L.R. NO. 209/1024 (1. R 55917).
According to the report, the key features of the building include one and four-bedroom house units, parking bays, landing lobbies and is served by a motorable earth road and added its location too.
“Electricity, Water and Sewer are connected to the property. The property is situated in the neighborhood of Winners Chapel, Within Road C off Likoni Road in Nairobi County. It lies next to Salama Court about 200 meters South of Winners Chapel, 300 meters from Likoni Road and approximately 700 meters from Mombasa Road. It is identified as Abano Green flat,” states the notice.
Interested bidders are required to view the property themselves and not involve third parties after paying for bid numbers.
Rachier who is commonly referred to as ADOR in the football circles has been the chairman of Gor Mahia from 2008 and is credited with bringing back the team's glory on the field of play.
Away from football, Rachier an advocate of the High Court of Kenya with over 40 years experience in legal practice and is the founding partner of Rachier & Amollo LLP where he has specialized in conveyancing, commercial and corporate law.
This is not the first time the lawyer has found himself in a property feud. In 2020, Development Bank sued him and his four partners at Rachier & Amollo LLP - Rarieda MP Otiende Amollo, legal scholar Jotham Arwa, Francis Olalo and Stephen Ligunya for refusing to settle overdraft facilities.
The bank also enjoined Marenyo Limited, a firm that is owned by the Gor Mahia supremo and his sons Alvin and John and which owned a 150 acre piece of land in Kajiado that Development Bank wanted to sell over the disputed Ksh 177 million loan.
The law firm counter sued and denied ever requesting for overdraft facilities and accused the lender of allowing unauthorized access to the law firm’s accounts.
Check out our FREE TIPS here!
Source: 90MIN
Mentions:
How can we Help you?