Edwin Dande, CEO of investment firm Cytonn, has issued pointed advice to former Cabinet Secretary Raphael Tuju as the latter navigates the legal battle over the auctioning of his Karen properties tied to a multi‑billion‑shilling loan dispute with the East African Development Bank (EADB).
Dande shared the statements on Friday via social media, urging Tuju to “reckon with hard facts” as a matter of wisdom in resolving the dispute that has dominated headlines and court dockets for over a year.
“This is not a matter of reputation or ego. The issues are narrow and between the bank, Mr. Tuju, and the agreed dispute resolution venue — arbitration in England,” Dande wrote, referencing the UK arbitration award which has since been upheld by Kenya’s High Court, Court of Appeal, and Supreme Court.
The former CS has been seeking to block the auction of several high‑value properties in Karen, including the Dari Business Park and Entim Sidai Wellness Sanctuary — assets charged to secure the loan facilities extended by EADB.
Dande emphasised that the series of judicial affirmations in Kenyan courts has left “no more wiggle room” for additional legal maneuvering.
“That decision from England has already been tested, challenged and affirmed in all courts in Kenya,” he said, noting that the matter has reached a clear conclusion.
He described the dispute as “a clean-cut matter”: “The contestants are few — just the bank and the borrower. All possible issues have been determined.
Offering perspective beyond the courtroom, Dande stressed that accepting the reality of the situation is not giving up but exercising wisdom.
“It has reached the end of the road, my brother,” he wrote.
He also sought to lighten the tone for Tuju, noting that age should not deter new beginnings.
“It’s never that serious… and at 65, that’s about the same age when Colonel Sanders started KFC. So he is still young. It’s not the end,” Dande said.