Waititu obtains Court order stopping Mwananchi Credit from auctioning his cars over Sh10 million Debt

The former Kiambu Governor defaulted on the loan

Ferdinand Waititu

Ferdinand Waititu obtains Court order stopping Mwananchi Credit from selling his cars over Sh10 million Debt

Former Kiambu Governor, Ferdinand Waititu has finally been granted orders by the Court, stopping Mwanachi Credit from selling his two luxury cars, over Sh10 million debt.

This comes days after the Micro-finance sought to auction Waititu’s high-end vehicles, to get recover the money they loaned him.

The former governor is said to have defaulted on the loan he took in 2020.

According to Mwananchi Credit Limited, Waititu used logbooks to the two cars as security for the Sh10 million loan.

The former Kiambu Governor had moved to court seeking to stop the auction. He claimed that he is financially constrained after losing his job as Kiambu County boss.

JOIN OUR PULSE COMMUNITY!

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

I organized a crowd for Raila during Eldoret visit - Oscar Sudi spills

I organized a crowd for Raila during Eldoret visit - Oscar Sudi spills

It's my first time - watch Moses Kuria walking unaided after accident [Video]

It's my first time - watch Moses Kuria walking unaided after accident [Video]

Leaders of Islamic State and Al Qaeda killed within a span of 24 hours

Leaders of Islamic State and Al Qaeda killed within a span of 24 hours

Mike Sonko reacts to court clearing swearing-in of Anne Kananu

Mike Sonko reacts to court clearing swearing-in of Anne Kananu

Yahoo Boy jailed in Edo for pretending to be James Bond actor

Yahoo Boy jailed in Edo for pretending to be James Bond actor

3 CSs host Raila in Nyamira County for major Harambee

3 CSs host Raila in Nyamira County for major Harambee

Police launch manhunt for man who assaulted his 90-year-old mother in Makueni

Police launch manhunt for man who assaulted his 90-year-old mother in Makueni

1 dead: How Komothai Girls defended themselves after boys invaded their dorm

1 dead: How Komothai Girls defended themselves after boys invaded their dorm

New closing time for Bars and Restaurants, CS clarifies on wearing masks

New closing time for Bars and Restaurants, CS clarifies on wearing masks