Jeff Koinange is a seasoned journalist with over 25 years of experience. He has worked for major media stations such as CNN and CGTN Africa and currently serves as a prime-time news anchor at Citizen TV and a breakfast radio show host at Hot 96 FM. Despite his fame and wealth, little is known about his private life. However, two of his properties recently made headlines after they were almost auctioned.
The Twin Villas
The twin villas, worth an estimated Ksh 200 million, are located in the upscale neighborhood of Kitusuru, Nairobi. Each 4-bedroom house sits on a 0.067-acre piece of land and includes a servants’ quarter, parking space, swimming pool, and CCTV surveillance. The land is registered under Jeff Mworia Koinange and is known as L.R. NO. 7741/263 (I.R. NO. 115833) in Nairobi county. At the time of the auction, one of the villas was occupied by Koinange and the other was rented to a client.
The Auction
In April 2020, Garam Investments announced the auction of the two villas, each for Ksh 65 million, after Koinange defaulted on a Ksh 130 million debt to NCBA Bank, associated with President Uhuru Kenyatta. Bidders were required to provide a Ksh 5 million deposit in cash or by cheque before participating in the auction. The announcement of the auction raised questions among Kenyans about the financial status of the highly-paid journalist who receives over Ksh 2 million per month from Royal Media Services.
However, a few days before the April 28th auction date, Koinange reached a repayment agreement with NCBA Bank and the auction was cancelled.
