Cytonn Investments Chief Executive Officer Edwin Dande has commented on the ongoing legal dispute involving Pastor Pius Muiru’s Sh960 million property, which is facing a potential auction over an alleged loan default.
The property, linked to the Maximum Miracle Centre founder and his family, is at the centre of a civil debt recovery case arising from a Sh216 million loan secured in 2010.
The loan, backed by prime real estate in Nairobi and Kiambu counties, has been the subject of a prolonged disagreement over the outstanding balance and repayment history.
Dande’s remarks on the dispute
In his remarks, Dande questioned the implications of the case in relation to the public image of religious leadership and financial accountability. He stated:
“If there is just one miracle Pastor Muiru’s Maximum Miracle Centre must deliver, it’s to pray away the auction facing his property. Being able to deliver maximum miracles to himself would be a real booster to his brand, his congregants and his credibility. He’d get so many new joiners very eager to faithfully and fully tithe. Otherwise congregants would wonder about these maximum miracles if he can’t deliver them to himself.”
The comments reference the tension between the pastor’s public ministry and the ongoing legal and financial dispute surrounding his property.
Background of the loan case
Court documents show the loan was issued on an 84-month repayment plan at an interest rate of 14.5% on a reducing balance. The agreement also included penalty charges in the event of default.
According to filings, the borrower has repaid more than Sh350 million over time. However, the lender maintains that accrued interest and penalties have increased the outstanding balance significantly beyond what has been repaid.
Pastor Muiru’s side disputes this calculation, arguing that the remaining amount is approximately Sh27.9 million and that some of the charges applied are irregular.
Court order halting auction
The High Court has issued interim orders stopping the auction process, effectively freezing any sale of the property until the matter is fully heard and determined. Auctioneers are barred from proceeding until the court gives further directions.
The dispute will now proceed to a full hearing, where the court is expected to establish the correct outstanding amount and determine whether the lender can enforce the sale.