ASSETS RECOVERY AGENCY TENDER MARCH 2025
PUBLIC AUCTION NOTICE
ARA/PA/001/2024-2025
SALE OF FORFEITED ASSETS BY PUBLIC AUCTION
The Assets Recovery Agency(hereinafter ‘the Agency’) is established under Section 53(1) of the Proceeds of Crime
and Anti-Money Laundering Act, 2009 (POCAMLA) as a body corporate with the mandate of combating money
laundering, terrorist financing, proliferation financing and other crimes through identifying, tracing, freezing and
recovering properties/proceeds which have been acquired from or constitute profits or benefits derived from
crime or used for or intended for use in the commission of an offence.
1. The Agency is in the process of disposing forfeited assets pursuant to the provisions of the Proceed of
Crime and Money Laundering Act (No. 9 of 2009).
2. The Agency in conjunction with the Appointed Registered Auctioneer (M/s Keysian Auctioneers of
P.O. Box 2788-00200 Nairobi; email address keysianauct@gmail.com; 0722 752 583/0708 674 632)
wishes to inform the general public of the intended sale by Public Auction of the forfeited assets (items/
lots as contained in the Auction Catalogue) on “as-is-where-is” basis Thursday 13th March 2025 starting
at 10.00am in various venues as indicated in the Auction Catalogue.
3. The items, arranged in lots can be viewed from Wednesday 26th February 2025 to Wednesday 12th
March 2025 at various areas as indicated in the Auction Catalogue from 09.00 am to 03.00pm.
4. The Public Auction shall be held at Auctions Centres indicated in the Auction Catalogue on Thursday
13th March 2025 starting at 10.00am
NB: NO BIDDING WHATSOEVER WITHOUT BIDDING NUMBER
CONDITIONS OF AUCTION
1. A catalogue containing detailed information may be obtained from the Assets Recovery Agency Offices
on 21st Floor of the UAP Old Mutual Towers upon payment of a non-refundable fee of Kenya Shillings One
Thousand Only (Kshs 1,000.00) payable as direct deposit to the under-listed account. Proof of payment
(bank deposit slip) shall be required on or before Thursday 13th March 2025 at 10.00am in order to
obtain an Official Receipt from the Agency to enable acquisition of Bidding Number and participation in
the Public Auction.
