The High Court in Eldoret has heard how former MP Mr Chepkut, who once controlled an impressive property portfolio, faced severe financial difficulties during his final years, leaving questions about how his fortunes dramatically changed before his death.
According to evidence presented before the court, Chepkut owned several valuable properties, including houses in Nairobi, hotels, farmland and commercial buildings. The properties were reportedly worth hundreds of millions of shillings, reflecting the wealth he had accumulated during his lifetime.
However, the former legislator’s financial situation deteriorated significantly in his final years. The court heard that several of his valuable properties had been used as security for loans, placing substantial pressure on his finances and limiting his access to the wealth represented by those assets.
Despite owning properties of considerable value, Chepkut eventually found himself struggling financially. His circumstances reportedly became so difficult that he could no longer maintain the lifestyle associated with the extensive property portfolio he had accumulated.
The former MP eventually moved into a servant’s quarter located in Westlands, Nairobi. The modest residence belonged to an Asian friend who offered him a place to stay during the difficult period leading to his death.
Chepkut reportedly lived in the servant’s quarter alongside his driver and cook. His final living arrangement stood in stark contrast to the property empire associated with his name and highlighted the financial difficulties he was experiencing.
The court heard that Chepkut remained in the servant’s quarter until his death on October 8, 2022. His death brought renewed attention to the circumstances surrounding his final years and the financial challenges he had faced.
The revelations have painted a striking picture of the former MP’s final chapter. While his name remained associated with valuable houses, hotels, farmland and commercial property, much of that wealth had become entangled in financial obligations.
The case before the High Court in Eldoret continues to bring details of Chepkut’s financial affairs into the public domain. Evidence surrounding his properties and debts is expected to help explain the circumstances that shaped his final years.
Chepkut’s story has consequently emerged as one of a dramatic financial transformation. From owning valuable properties across different sectors to living in a servant’s quarter, his final years reflected the difficult realities that can accompany heavily leveraged wealth.