The Ethics and Anti-Corruption Commission (EACC) has realised Ksh69.7 million from the sale of properties recovered from former Migori Governor Okoth Obado and former Nairobi County Treasury boss Stephen Ogaga Osiro.

In a statement released on Friday, October 10, 2025, by EACC, the Commission said the auction, conducted on Thursday, October 9,2025, marked a major milestone in its ongoing effort to recover proceeds of corruption and return public assets to the state.

“The Ethics and Anti-Corruption Commission (EACC) has disposed of five (5) properties recovered from former Migori Governor Okoth Obado and the former head of treasury at the City County of Nairobi, Stephen Ogaga Osiro, through a public auction held on 9th October 2025,” the statement read.

The properties, all located in Nairobi, were part of ten assets targeted for disposal following court rulings in Anti-Corruption and Economic Crimes Suit No. 20 of 2018 and Suit No. 10 of 2021.

According to EACC, the five assets sold fetched higher prices than their initial valuation. “Notably, all the properties were sold at prices above their valuation reserve prices,” the Commission said.

Among the sold properties were a Riara Apartment (Ksh14 million), Greenspan Estate Maisonette (Ksh11 million), Greenspan Estate Apartments (Ksh6.95 million and Ksh6.75 million), and a Loresho Ridge Townhouse, which went for Ksh31 million.

“The total amount realised from the five properties is Ksh69,705,000,” the Commission stated.

The remaining assets, located in Kisumu and Migori counties, are set for auction on Thursday, October 16, 2025. “The Commission invites members of the public to participate in the exercise,” the statement added.

EACC said all proceeds from the auction will be deposited into the Consolidated Fund as required by law. “In line with Section 56C of the Anti-Corruption and Economic Crimes Act, all proceeds from the sale of recovered assets shall be deposited into the Consolidated Fund,” the statement said.

The Commission reaffirmed its resolve to ensure that public officials do not benefit from wealth acquired through corruption. “The Commission reiterates its commitment to tracing and recovering proceeds of corruption and unexplained wealth to ensure that perpetrators of corruption and economic crimes do not benefit from their ill-got wealth,” said Stephen Karuga, Head of Corporate Affairs and Communication.